Opinion: Gov. Newsom’s oil policies ultimately hurt ordinary consumers
The state Senate held a hearing last week to investigate so-called price gouging by oil companies in California given gasoline prices here are, according to state officials, an average of $2.61 a gallon higher than the national average. Instead of looking for solutions that help consumers, Gov. Gavin Newsom engaged in his usual anti-Big Oil hyperbole.
Newsom and many of his fellow Democrats railed against the oil companies’ record profits and pointed to a “mystery surcharge” that they supposedly impose on California gasoline purchases. But there is no mystery to why California oil prices are so high or to why oil refiners are so much “greedier” here than in other places.
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