Actually, Governor Newsom Can Do Somthing About High Price Of Gasoline -- October 4, 2022

From The Los Angeles Times today:

Officials can’t do much about soaring gas prices:

California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices spiking. 

Five or six plants are simultaneously dealing with maintenance-related shutdowns, leaving limited supplies of the special blend of gasoline mandated by California to reduce pollution. 

And unlike the spike in gasoline costs this summer, Californians and some of its western neighbors are alone facing the recent rise in gasoline prices, underscoring yet again the fragility of the state’s transitioning energy markets.

While Gov. Gavin Newsom responded last week to the drastic increases in fuel costs by jump-starting the state’s shift to cheaper, winter-blend gasoline, energy experts say it could still be weeks until drivers start to feel some real relief at the pump.

The article began:

Officials can’t do much about soaring gas prices.

 In fact, they can: with a stroke of the pen, they can cut prices by $1.51 per gallon.

Earlier this morning I posted:

Normally I don't post links to ZeroHedge, but this is a great op-ed. 

Link here.

From the article:

Tax hikes to lower gas prices? Bring them on.

California Gov. Gavin Newsom is lashing out at oil companies who he says are “fleecing” Californians with gasoline prices that are rising disproportionately in the Golden State.

“The fact is, they’re ripping you off. Their record profits are coming at your expense,” Newsom said in a scathing video posted to Twitter Friday in which the governor called for a new windfall tax on oil companies.

 Let’s look at the cost of gas at the California pump again.

 A report from Stillwater Associates last year found that California consumers were paying an extra $1.19 a gallon. This year the added costs include a 51 cent state excise tax, an 18 cent sales tax, 20 cents for Fuels Under the Cap, part of the state’s corrupt environmental cap and trade program and 17 cents for the Low Carbon Fuel Standard.

The Los Angeles Times must be reading the blog.