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As gas prices soar, Newsom demands tax on 'rip-off' oil companies, switch to winter blend

Por: Los Angeles Times Nation October 01, 2022

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As gas prices in California soar, Gov. Gavin Newsom on Friday called on lawmakers to introduce a windfall tax on rip-off oil companies and urged state air regulators to allow refineries to produce cheaper winter-blend gasoline to help boost supplies and cut prices. Crude oil prices are down. Oil industry profits are up. Yet gas prices in CA have increased by record amounts. It doesn’t add up, Newsom said in a tweet accompanying a video... + full article



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