Ringside: What’s Behind Newsom’s ‘Special Session’ on Gasoline Prices

By Free Republic | Created at 2024-09-26 13:51:47 | Updated at 2024-10-01 04:12:58 4 days ago

Ringside: What’s Behind Newsom’s ‘Special Session’ on Gasoline Prices
california globe ^ | 09/25/24 | Edward Ring

Posted on 09/26/2024 6:32:06 AM PDT by eyeamok

None of this, however, is stopping Governor Gavin Newsom, who has dragged a handful of legislators back to the Capitol for a special session on alleged price gouging by California’s oil refineries. In a press release on September 3, the governor claimed that “Gas price spikes on consumers are profit spikes for oil companies, and they’re overwhelmingly caused by refiners not backfilling supplies when they go down for maintenance.”

To prevent these alleged misdeeds, the governor proposes to require California’s refineries to stockpile reserves of gasoline to meet demand whenever refineries are not operating. In addition to mandatory storage, the law would require refineries to report how much refined gasoline they have stored at all times.

(Excerpt) Read more at californiaglobe.com ...

TOPICS: Business/Economy; Crime/Corruption; Government; Miscellaneous
KEYWORDS: california; centralplanning; classwarfare; pricecontrols

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1. Chevron, Phillips 76 and Exxon/Mobile all have refineries in SoCal, and if they were thinking long term they would immediately SHUT DOWN those refineries and Move out of State.

2. All Public Employee's in the State should be Required to exclusively use an EV or Mass Public Transportatio for ALL Travel at ALL times. This will save the limited supply of Gasoline for the Citizens

1 posted on 09/26/2024 6:32:06 AM PDT by eyeamok

To: eyeamok

This is an obvious attempt to appear to be “doing something.” It’s also a sign that the issue is an important one, even to them.

2 posted on 09/26/2024 6:34:41 AM PDT by cdcdawg (The Left can't meme.)

To: eyeamok

The price of gas has been dropping here , every week

3 posted on 09/26/2024 6:42:39 AM PDT by butlerweave

To: cdcdawg

The only one ‘guaging’ as Harris puts it, is the State of California. If they took off their rediculous environmental restrictions, then they could drop $3 off of the price. Why is California’s gasoline $3 or more per gallon of gas more than the rest of the states? Look at California regulations.

4 posted on 09/26/2024 6:44:24 AM PDT by Eli Kopter

To: eyeamok

Uhh...Gavin...you have the highest state taxes on distillate fuels of any state in the union. Instead of going after companies that actually produce fuels, why not just cut back on your state spending and reduce the taxes on fuels?

Why is it that you Democrats always hurt producers with you policies rather than looking for ways to cut spending to help the people of CA. It’s because you want to give take the money from productive citizens and give it away to buy votes for the next election.

5 posted on 09/26/2024 6:45:08 AM PDT by econjack

To: Eli Kopter

I don’t know if it’s still true, but CA lets each county set its own fuel regulations in terms of “blends”. It used to be that CA has 32 blends for 3 types of fuels (regular, mid-grade, and premium). This prevents the producers from achieving economies of scale and lower prices that would otherwise be possible.

6 posted on 09/26/2024 6:50:09 AM PDT by econjack

To: eyeamok

Ask about Biden draining the Federal Oil Reserve.

7 posted on 09/26/2024 6:50:12 AM PDT by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)

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