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

SACRAMENTO — Consumer advocates and oil industry representatives launched opening salvos Tuesday in a bitter debate over whether oil companies are “price gouging” drivers or are themselves actually the victim of California’s green policies squeezing out fossil fuel industries.

The California Energy Commission convened the panel of energy experts, advocates and oil industry representatives to probe a gas price spike in September that at one point ballooned to an unprecedented $2.60-price gap between what Golden State drivers paid for the average gallon as opposed to the rest of the country.