California Gov. Gavin Newsom (D) signed another bill Monday that takes action on gasoline prices, but also cuts taxes, eliminates the state's burdensome “cap-and-trade” system and imposes restrictions on refineries. He insisted that there would be no relaxation of regulations.
These are what industry and independent experts say are key factors in the Golden State's success. pay The average price is $4.677 per gallon, well above the average of $3.203 and the highest in the nation.
Instead, Newsom again blamed As usual, the oil and gas industry. of new lawHe forced a vote in a special session of Congress to require refineries to maintain excess fuel supplies to prevent price spikes.
In 2022, Newsom used another session of Congress to pass a supposed “price gouging” law and create windfall profit penalties for oil companies. Despite this, gas prices remained high in California.
Newsom said in a statement: said:
Rising prices have cost Californians billions of dollars over the years. We are not waiting for the industry to do the right thing. We are taking action to prevent these price increases and save consumers money. States now have the tools to proactively plan maintenance to ensure supply is backfilled and shortages that drive up prices do not occur. We thank our partners in the Senate and Congress for moving quickly to advance this and deliver relief to Californians.
Mr. Newsom did not discuss past legislative failures or explain why the special session blocked Republican ideas such as exempting transportation fuel from cap-and-trade.
Joel B. Pollack is a senior editor at Breitbart News. Breitbart News Sunday Sunday nights from 7:00 PM to 10:00 PM ET (4:00 PM to 7:00 PM PT) on Sirius XM Patriot. he is the author of Agenda: What should President Trump do in his first 100 days?available for pre-order on Amazon. He is also the author of Trumpian Virtues: Lessons and Legacy of the Donald Trump Presidencynow available on Audible. He is the recipient of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter @joelpolak.
