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Editorial: Big Oil shouldn’t be able to fleece Californians while polluting the planet

Por: Los Angeles Times Opinion December 09, 2022

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Gov. Gavin Newsom’s proposal to penalize excessive oil refinery profits is a relatively straightforward effort to prevent price gouging that reached new heights this year as gas prices in the state spiked to more than $6.40 a gallon. While Californians paid $2.60 a gallon more than the average American motorist to fill their tanks, companies such as Chevron, Valero and Phillips 66 raked in billions in record profits. It’s bad enough that oil... + full article



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