Gavin Newsom approved a California law to lower gas prices, but has not implemented it.
California intended to combat price gouging and stabilize fuel costs with a new law, but it hasn’t been enacted yet as gas prices climb over $4.50 per gallon. The legislation, put together by former state Sen. Nancy Skinner and backed by Attorney General Rob Bonta, would empower the California Energy Commission (CEC) to impose fines […]
Chris Wright predicts that gas prices will normalize by summer.
Gas Prices Expected to Normalize by Summer, Says Energy Secretary On Sunday, Energy Secretary Chris Wright remarked that gas prices are “very likely” to stabilize as summer approaches. He indicated that once the current conflicts are resolved, prices will begin to ease. However, Wright expressed concerns about Iran potentially interfering with oil flow through the […]
Gas prices hit their highest point since October 2023 as oil remains above $100 per barrel; US stocks rise
Brent Crude Prices Surge Amid Geopolitical Tensions On Monday, Brent crude oil prices climbed above $100 a barrel, pushing the national average gasoline price to its highest point since October 2023. This comes as President Trump urged allies to safeguard tankers from Iranian assaults in the vital Strait of Hormuz. By 10:15 a.m. ET, the […]
Challenges oil executives encounter in California as specialists indicate when gas prices may decrease
Trump’s Executive Order on Offshore Drilling in California On Friday, President Trump signed an executive order aimed at resuming offshore drilling in California. However, it’s unlikely that this will lead to lower gas prices anytime soon. The administration invoked emergency powers through the Defense Production Act to reopen the Santa Ynez offshore platform and associated […]
Trump dismisses rising gas prices during Iran conflict, contrasting Biden’s energy stance
Former President Joe Biden faced severe criticism from Republicans over rising gas prices, but the ongoing conflict involving Iran and the U.S. is complicating the party’s narrative about affordability. Since the start of Operation Epic Fury on February 28, American gas prices have surged, averaging an increase of 50 cents per gallon. As of Friday, […]
How to locate the least expensive gas in California
Residents of California have been grappling with significantly high gas prices for quite a while now. As of Saturday, the average cost for a gallon of regular gasoline in the state hit $5.483. This marks an increase of nearly 40 cents from the previous week and over 90 cents compared to a month ago, according […]
California governor candidate Matt Mahan calls for the abolition of the state’s gas tax
San Jose Mayor Calls for Gas Tax Suspension in California Matt Mahan, the Mayor of San Jose and a candidate for governor of California, has urged the state to temporarily pause gas taxes to ease the financial burden on drivers facing high fuel prices. “Working families often find themselves making tough choices between rent, groceries, […]
Oil extraction off the California Coast is set to start following Trump’s directive. Will gas prices rise?
Crude oil pumping off the California coast is set to resume shortly following President Trump’s recent executive order enabling drilling near Santa Barbara. Officials from Sable Offshore Corporation have notified local fire authorities that they plan to “resume pumping operations within 24 hours.” This is part of the standard procedure for industrial activities that involve […]
Consumer Watchdog Criticizes Newsom for Gas Prices
In California, gas prices are currently around $5.50 per gallon, having risen about 3 cents since yesterday. This puts the state among the highest averages in the country. In Oakland and San Francisco, the prices are approximately $5.60 per gallon, while in Los Angeles, they are slightly lower at $5.38. A consumer advocacy organization attributes […]
Oil prices rise as G7 countries consider releasing reserves to help lower gas prices.
A Barron’s Roundtable panel examines the conflict in Iran and its effects on oil prices and shipping through the Strait of Hormuz. The ongoing situation in the Middle East has led to a spike in oil prices, which has pushed G7 leaders to think about potentially lifting the state of emergency. This is perhaps an […]