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Newsom renews call for price-gouging penalty, taking aim at Valero's profits amid high gas prices

Por: ABC7 Politics October 26, 2022

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Gov. Gavin Newsom is continuing his battle with the oil industry, this time taking aim at Valero Energy Corp. and its rising profits this year as gasoline prices soared for California drivers.In a statement on Tuesday, Newsom again called for a price-gouging penalty to put these profits back in the pockets of Californians.According to its third-quarter report, Valero made $2.82 billion from July to September. Newsom noted that's an increase... + full article



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