Should California tax oil profits? Gas spike hearing sets stage for contentious debate

Should California tax oil profits? Gas spike hearing sets stage for contentious debate

a year ago
Anonymous $_PGtSJbg8h

https://www.siliconvalley.com/2022/11/29/should-california-tax-oil-profits-gas-spike-hearing-sets-stage-for-contentious-debate/

SACRAMENTO — California’s top energy planning body on Tuesday set out to give lawmakers a better understanding of why gas prices went haywire this summer, as oil industry representatives and consumer advocates launch opening salvos in an increasingly bitter push to tax surging gas profits.

In a hearing in Sacramento, the California Energy Commission called on state experts to testify on a question that has plagued drivers for decades: Why are gas prices in California so high?