If the ‘Big Oil’ companies are so greedy, why are they only greedy in California and not greedy in every state?
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AAA reports today that the national average gas price is $3.22 per gallon, while the average in California is $4.56 per gallon.
Arizona gets nearly half of its gas from California. The vast majority of Nevada’s gas – 88% – comes from California.
The governors of Arizona and California co-signed a letter last week to California Gov. Gavin Newsom urging him to back off of his legislation to add new regulations on the state’s refiners. They say forced supply shortages will result in higher gas costs in the three Western states.
The Las Vegas Review-Journal agrees:
“Mr. Newsom’s economic illiteracy is potentially a major problem for Nevada too. The vast majority of the state’s gasoline comes from California. If Mr. Newsom’s ill-conceived regulations further limit refineries, Nevada prices could soar even higher.”
“If Mr. Newsom wants to know who to blame for California’s high gas prices, he should look in the mirror.”
Newsom claims he is “Preventing Big Oil’s profit spikes & saving Californians at the pump.”
As the Globe reported:
Gov. Gavin Newsom’s California Energy Commission regulators announced earlier this month proposed government controls of the petroleum industry, ostensibly in order to combat future energy price surges. This followed Chevron Oil company’s announcement that it will be moving its headquarters to Houston Texas from San Ramon California.
…Gov. Newsom is threatening to call a special session if lawmakers don’t pass his Venezuela-Like price controls proposal of the oil and gas industry – unless lawmakers pass his latest proposal to control California’s petroleum industry.
According to Newsom, who is sounding more like Hugo Chavez:
“The state has found that, when refiners limit gasoline supplies, prices spike at the pump and create massive profits for Big Oil. Today, Governor Gavin Newsom announced a new, first-in-the-nation proposal to further prevent price spikes and save Californians money.
Newsom’s proposal would authorize the California Energy Commission (CEC) to require that petroleum refiners maintain a minimum fuel reserve to avoid supply shortages that create higher prices for consumers. If this proposal had been in effect in 2023, Californians would’ve saved upwards of $650 million in gas costs due to refiners’ price spikes.”
No mention in Newsom’s proposal of California’s highest-in-the-nation gas taxes…
“With both of our states reliant on California pipelines for significant amounts of our fuel, these looming cost increases and supply shortages are of tremendous concern to Arizona and Nevada,” Nevada Governor Joe Lombardo (R) and Arizona Governor Katie Hobbs (D) told Gov. Newsom.
A joint letter issued last week by Nevada’s and Arizona’s Governors to California Governor Gavin Newsom, urged Newsom to have “regional communication” regarding his legislation, Asssembly Bill ABX2-1, as well as other legislation related to refinery inventory supplies that is under consideration in California’s special legislative session, the Nevada Globe reported.
As the CA Globe reported:
The Western States Petroleum Association explains how devastating the legislation would be:
“There are bad regulations, and then there are regulations so detrimental that industry experts, the California Energy Commission, and anyone with a basic understanding of economics can clearly see the harm they will cause consumers. Governor Newsom’s refinery supply mandate will create artificial shortages of fuel in California, Arizona and Nevada by forcing refiners to withhold fuels from the market. Lawmakers who vote for this mandate will be voting to increase gas costs for their constituents.”
Newsom and every democrat politician is a greedy money hungry socialist.
They want ALL your money so they can can tell you how to spend it and waste it.
If you care about your family, your kids and grandkids, you will
STOP VOTING FOR DEMOCRATS.