The governor accused oil companies of raking in "unprecedented profits on the backs of hard-working Californians — nearly $100 billion in the last three months alone.”
SACRAMENTO, Calif. (CN) — California lawmakers will go back to work in a special session in December to discuss levying a windfall tax on oil companies as residents are again paying record prices for gasoline.
After indicating Thursday that he was considering calling a special session, Gov. Gavin Newsom made it official Friday. “Gas prices are too high. Time to enact a windfall profits tax directly on oil companies that are ripping you off at the pump,” Newsom said in a statement.
Average gas prices in Sacramento ranged from $5.89 to $6.39 per gallon on Friday, according to a GasBuddy map updatedby ABC 10.
In a report released Sept. 30 when he announced the windfall tax proposal, Newsom said oil companies have raised California gas prices “by a record 84 cents per gallon in just the last 10 days” even as crude oil prices dipped.
“At the end of August, crude oil prices were roughly $100 per barrel, and the average gas price in California was $5.06. Now, even though the price of oil has decreased to $85 per barrel, the average gas price at the pump has surged to $6.29,” Newsom said in his Sept. 30 statement. “Meanwhile, oil companies have raked in unprecedented profits on the backs of hard-working Californians — nearly $100 billion in the last three months alone.”
The special legislative session will take place Dec. 5.
Newsom’s action comes amid what some have called an “escalation” in the governor’s war with the oil industry, as he pushes the state’s move toward alternative energy sources.
He signed a new climate plan Thursday in San Francisco alongside other West Coast leaders to commit to prioritizing green energy industries and lead the country on climate action, saying “Eat your heart out, Fox News.” He also ordered the California Air Resources Boardto increase the state’s gasoline supply by allowing oil refineries to make an early transition to winter-blend gasoline.
The windfall tax has been proposed before, by Democratic Assemblymember Alex Lee of San Jose, but it failed to move forward according to CalMatters. In a statement, state Senate President Pro Tem Toni Atkins, a Democrat from San Diego, and Assembly Speaker Anthony Rendon, a Democrat from Lakewood, said, “We’ll look at every option to end the oil industry profiteering off the backs of hard working Californians.”
Opposition to the windfall tax and special session has already come from the Assembly Republican leader James Gallagher, from Yuba City, and Budget Committee vice chair Vince Fong, a Republican from Bakersfield. They urged Newsom not to call the special session unless the goal is to cut the gas tax and reduce fees and regulations. Both lawmakers count gas companies and organizations like Chevron, Valero, California Independent Petroleum Association and Marathon Petroleum among their major campaign contributors, according to the nonprofit and nonpartisan research organization Vote Smart.
Gallagher, who frequently criticizes the governor on Twitter, claimed in a statement that high taxes on gasoline are why costing Californians are paying more at the pump than residents in other states.
“Any attempt to deflect away from this reality is insulting to struggling Californians who are well aware that Florida and Texas drivers are paying around $3 per gallon,” he said.
Fong also said on Twitter: “Newsom/Biden are attacking local domestic oil and natural gas production when we need it most.”
California Attorney General Rob Bonta said he supports monitoring Big Oil.
“Earlier this year, my office warned refineries against taking advantage of ongoing market disruptions, and I want to again be clear: Market manipulation is illegal,” he said in a joint statement with Newsom. “My office is monitoring the market closely, and we will not hesitate to take action if we find evidence that the law is being violated.”
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Our California Governor is so plastic. He only addresses issues like gas prices at election time. Just look at the timing of California’s rebate checks being sent out In October just before the elections, (he’s buying votes). Shame on him.
California needs a honest and responsible Governor not a Snowflake.
Three of Santa Clarita’s most talented women artists, each employing a distinct medium will be showcasing over 30 original artworks at the Santa Paula Art Museum in an upcoming exhibit titled “A Brush With Nature: Three Artists’ Perspectives.”
Los Angeles County Board of Supervisors Chair Kathryn Barger and Supervisor Hilda L. Solis have introduced a motion to declare Thursday, Jan. 9, 2025, a Day of Mourning across Los Angeles County in honor of former President Jimmy Carter, who recently passed away on Dec. 29, 2024, at the age of 100.
Chiquita Canyon, LLC has announced that the Chiquita Canyon Landfill is closing active waste disposal operations effective Jan. 1, 2025. The last day for accepting incoming solid waste at the landfill is Tuesday, Dec. 31. While waste disposal operations will conclude, Chiquita Canyon, LLC will continue to manage the landfill, address the noxious odor incident occurring onsite and oversee closure and post-closure activities.
Three of Santa Clarita’s most talented women artists, each employing a distinct medium will be showcasing over 30 original artworks at the Santa Paula Art Museum in an upcoming exhibit titled “A Brush With Nature: Three Artists’ Perspectives.”
As we close out another year, let's take some time to celebrate and reflect on the progress we've made. It is this work we have done together that makes it such an honor to continue serving as your Assemblymember for another two years.
The new year is a time to reset, while also setting goals for the next 12 months. Thanks to the leadership of our City Council, strategic planning has always been a key part of our City’s success.
Los Angeles County Board of Supervisors Chair Kathryn Barger and Supervisor Hilda L. Solis have introduced a motion to declare Thursday, Jan. 9, 2025, a Day of Mourning across Los Angeles County in honor of former President Jimmy Carter, who recently passed away on Dec. 29, 2024, at the age of 100.
Los Angeles County Board of Supervisors Chair Kathryn Barger proudly highlights her top accomplishments of 2024, showcasing her dedication to the residents of the Fifth District and Los Angeles County.
The California Department of Public Health has launched "Take Space to Pause," a statewide campaign made for teens and by teens that will focus on reducing self-stigma surrounding youth mental health challenges and promoting positive ways to seek help.
By sustaining its commitment to support healthy individuals and families in healthful communities, the California Department of Public Health recognizes the need to transform as public health advances and society evolves.
The Los Angeles County Department of Public Health is advising residents to not feed their pets Monarch Raw Pet Food sold at several farmers markets in California due to detection of H5 bird flu virus in product samples. A house cat that consumed this product has been confirmed H5 bird flu positive.
Chiquita Canyon, LLC has announced that the Chiquita Canyon Landfill is closing active waste disposal operations effective Jan. 1, 2025. The last day for accepting incoming solid waste at the landfill is Tuesday, Dec. 31. While waste disposal operations will conclude, Chiquita Canyon, LLC will continue to manage the landfill, address the noxious odor incident occurring onsite and oversee closure and post-closure activities.
As we approach the end of 2024, we are wrapping up several big projects and planning new ones. Although we are currently tackling an issue with a faulty well, there is some good news to share as well.
Widespread use of fireworks related to New Year's Eve celebration coupled with calm weather conditions may worsen air quality in Los Angeles County, including the Santa Clarita Valley, thorugh 6 p.m. Wednesday, Jan. 1.
In its first action since the Christmas break and last before the start of conference play, The Master's University men's basketball team won an exhibition game over the Stanton Elks 93-62 Monday night, Dec. 30 in The MacArthur Center.
Heroes of Color and The Hart School District will host the "Jr. ARTrepreneurs" Student Art Exhibition, 6-8 p.m. Thursday, Jan. 23 at the Centre, 20880 Centre Pointe Parkway, Saugus, CA 91350.
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REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.
1 Comment
Our California Governor is so plastic. He only addresses issues like gas prices at election time. Just look at the timing of California’s rebate checks being sent out In October just before the elections, (he’s buying votes). Shame on him.
California needs a honest and responsible Governor not a Snowflake.