Thursday, December 08, 2022

California Gov. Gavin Newsom unveils plan to cap oil refinery profits

California Gov. Gavin Newsom unveils plan to cap oil refinery profits
Dec. 6 (UPI) -- California Gov. Gavin Newsom has a message for oil companies -- either stop padding their own purses with hefty profits to the detriment of consumers or accept a penalty.
California Gov. Gavin Newsom wants so-called Big Oil to pay a penalty for excessive profits, accusing them of fleecing his constituents. 
...Because of high state taxes, California typically has the highest state average retail price for gasoline in the continental United States. ...

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