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Gov. Gavin Newsom and leaders of the California Legislature have agreed to provide more than $9 billion in refunds to taxpayers to offset high gas prices and inflation. The deal comes after months ...
The cheapest way to lower gas prices is to allow oil companies to increase crude oil production in California and rely less on supply from overseas, Reheis-Boyd said.
Newsom's $11-billion proposal is designed to offset the rising prices consumers are paying at the pump and also includes savings for those who rely on public transportation.
Later that year, then-Gov. Jerry Brown signed the bill, which raised California’s gas tax for the first time in 23 years. It went up 12 cents per gallon, a 40% increase.
A functioning gasoline market would have ample supplies in storage to withstand production slowdowns. Not here. The legislature needs to act.
The bill could force oil refineries in California to keep fuel reserves. Gavin Newsom signs bill aiming to prevent California gas price spikes, swipes at oil industry Skip to main content
Newsom calls on lawmakers to slap a windfall tax on oil companies.
The proposal comes as pressure mounts to help Californians struggling with prices at the pump, as well as increases in the costs of food, rent and other daily essentials.