header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
December 21
1910 - Newhall (Auto) Tunnel opens, bypassing Beale's Cut [story]
Newhall Tunnel


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.”
| Monday, Oct 10, 2022

GasBy Natalie Hanson

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 updated by 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.

Gov. Gavin Newsom signed 40 climate action bills Friday in Vallejo, Calif. on Sept. 16. Screenshot via state of California livestream.

“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 Board to 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.”

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
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

  1. Chris Mohler says:

    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.

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Friday, Dec 19, 2025
Gibbon Center Needs Donations to Meet $15K Match
The Gibbon Conservation Center in Saugus is requesting donations, including memberships and gibbon adoption sponsorships to reach a matching goal of $15,000.
Friday, Dec 19, 2025
Friday, Dec 19, 2025
City Presents ‘Pop Culture’ Art Exhibit at the Newhall Community Center
The city of Santa Clarita will present its latest art exhibition, “Pop Culture,” on view at the Newhall Community Center now through March 25, 2026.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
1910 - Newhall (Auto) Tunnel opens, bypassing Beale's Cut [story]
Newhall Tunnel
1892 - Benjamin Harrison establishes 555,520-acre San Gabriel Timberland Reserve (Angeles National Forest). First forest reserve in California, second in U.S. [story]
map
The Saugus Union School District Governing Board of Trustees elected Matthew Watson as 2026 board president at the Tuesday, Dec. 16 organizational meeting.
Watson Elected SUSD Board of Trustees President
Los Angeles–based painter Jasimen Phillips is a featured artist in the city of Santa Clarita’s “Pop Culture” exhibition, currently on view at the Newhall Community Center through March 25, 2026.
Phillips Examines Evolving Relationship with Technology in Exhibit
The Gibbon Conservation Center in Saugus is requesting donations, including memberships and gibbon adoption sponsorships to reach a matching goal of $15,000.
Gibbon Center Needs Donations to Meet $15K Match
The Santa Clarita Community College District Board of Trustees failed to complete its annual organizational vote to elect a new board president during its meeting on Wednesday, Dec. 17.
COC Board Fails to Elect New President in Deadlocked Vote
There's no better way to celebrate the season than with toys, treats, and rollercoasters. My annual Foster Youth Holiday Party is one of the most special traditions we do each year
Kathryn Barger | Keeping Up With Kathryn
The Canyon Theatre Guild’s production of "A Christmas Story," adds shows due to high ticket demand. Shows have been added on Sunday, Dec. 21 and Monday, Dec. 22.
CTG ‘A Christmas Story’ Adds Shows, Dec. 21-22, Due to Demand
The city of Santa Clarita will present its latest art exhibition, “Pop Culture,” on view at the Newhall Community Center now through March 25, 2026.
City Presents ‘Pop Culture’ Art Exhibit at the Newhall Community Center
This week’s Foothill League matches resulted in the Saugus boys getting a firmer grip on first place, and the Saugus girls slipping into second place. Meanwhile, holiday tournaments are bringing both wins and losses from non-league teams, with more on the way.
Foothill League Soccer: Saugus Boys, Hart Girls Leading
1970 - Snow day in Santa Clarita Valley [photos]
Saugus train station
Do you have a passion for swimming and a desire to make an impact in your community? The city of Santa Clarita is seeking individuals with strong customer service skills and a commitment to community engagement to join its lifeguard team.
Applications Are Open for the Summer 2026 Lifeguard Season
Santa Clarita Valley residents need to put down the yule log and refrain from all residental wood burning fires on Friday, Dec. 19.
Dec. 19: No Burn Day Alert Issued for SCV, South Coast Air Basin
U.S. Rep. George Whitesides (D-Aqua Dulce), announced the winners of the 2025 Congressional App Challenge for California’s 27th Congressional District: the “MathViz” team led by local Academy of the Canyons student, Gautham Korrapati.
Whitesides Announces 2025 Congressional App Challenge SCV Winners
The Mardi Gras Madness 1K/5K/10K, set for March 1, in Santa Clarita, is more than a race, it’s a celebration of health, community and giving back. Now through Wednesday, Dec. 24, take $10 OFF race registration with promo code WINTER10 at checkout.
March 1: JCI Santa Clarita Holds Mardi Gras Madness 1K/5K/10K Runs
Theatre Extempore will present the all time classic musical The Fantasticks, 8-10 p.m. Jan. 9-11. 15-18 at The MAIN.
Jan. 9: Premiere of ‘The Fantasticks’ Presented by Theatre Extempore
West Ranch High School senior Braulio Castillo (17) never did any long-distance running before high school, but what he has accomplished in that demanding discipline since taking it up is impressive. And, so far his senior year, it is phenomenal.
West Ranch Runner Going the Distance
Powerlab Studio will hold its grand opening and ribbon cutting 4:30-5 p.m. Thursday, Jan. 8 at 28110 Newhall Ranch Road, Valencia, CA 91355.
Jan 8: Powerlab Studio Grand Opening, Ribbon Cutting
B2 Entertainment will have a Cookies With Santa event, 3-5 p.m. Sunday, Dec. 21 at 21516 Golden Triangle Road, Santa Clarita, CA 91350.
Dec. 21: Cookies With Santa at MB2 Entertainment
The College of the Canyons soccer programs will be hosting 'Friday Night Footy,' small-sided pick-up games, running on Friday evenings Jan. 2 through June 26 at the COC Soccer Facility.
Jan. 2-June 26: Cougars Soccer Programs to Host ‘Friday Night Footy’
College of the Canyons sophomore pitcher Nichole Muro will continue her academic and athletic career at Cumberland University after signing with the Phoenix softball program.
Muro Signs with Cumberland University Softball Program
College of the Canyons men's basketball won its fourth straight contest in an 80-72 affair at Napa Valley College on Monday afternoon, Dec. 15 as freshman Julius Washington led all scorers with 20 points.
Cougars Win Fourth Straight 80-72 at Napa Valley
Canyons women's basketball snapped a five-game losing streak with a 60-44 win over Diablo Valley College during the final day of action at the Napa Valley Storm Surge tournament on Saturday, Dec. 13.
Canyons Finishes Tourney Weekend with 60-44 Win Over Diablo Valley
SCVNews.com