Why are gas prices high in California? Consumer group calls for windfall profit tax on oil companies

  • 📰 abc7newsbayarea
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

In all likelihood you have been at a gas station, pumping gas and watching your dollars fly by. So, what's up?

Consumer advocates want a tax on oil companies' profits to lower the cost of gas. A trade association for petroleum companies says it won't work.In all likelihood you have been at a gas station, pumping gas and watching your dollars fly by. So what's up?

"So this is the market allocating a scarce resource to the people who are willing to pay the most. It hurts a lot, but that's the way markets work," says Agerton..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 529. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happens after Biden releases more oil reserves before mid term elections? Is national security compromised for a miscalculated political maneuver?

actually , it has to do with TWO DOLLARS A GALLON GAS TAX ! ! all going into the general fund ! seventy cents of that TAX is state sales TAX ! some of which is returned to local governments , to FEED THE MACHINE ! ! climate change? NOT SO MUCH ! a 4 year old could FACT CHECK THIS

California requires a special blend in gasoline. They put excessive tax on gasoline already. There are reasons why gas is more expensive in California. California, as a one-party state, does it to itself.

State tax in gas is too high we all know this

It couldn’t be all the California taxes and extra fees. Do they think we’re stupid

Singapore Singapore Latest News, Singapore Singapore Headlines