Le Lézard
Classified in: Oil industry
Subject: POL

Consumer Watchdog Applauds Governor's Call For Special Session On Gasoline Price Gouging

LOS ANGELES, Oct. 7, 2022 /PRNewswire/ -- Consumer Watchdog today applauded Governor Newsom for calling a special session of the legislature to deal with price gouging at the gas pump and endorsing a windfall profits tax.

"Governor Newsom is rightly standing up for Californians who are being taken advantage at the gas pump by a cartel of oil refiners who are making windfall profits at their expense," said Jamie Court, President of Consumer Watchdog. "Now it's time for the legislature to answer the Governor's call with a windfall profits tax that takes back the outrageous profits oil refiners have been making off Californians' pain at the pump."

On September 27th, facing a huge delta between California and US gas prices, Consumer Watchdog asked the Governor to call a special legislative session to deal with the issue. The gap with US prices is now $2.60 per gallon.

Yesterday Consumer Watchdog issued a report explaining why California needed a windfall profits tax and how to implement it.

Read the report

"When oil refiners are making more than $1 per gallon off every gallon sold, it's time to take back the extra profits and give them back to California drivers," said Court. "The Governor is taking a strong stand for the people of California and their wallets."

SOURCE Consumer Watchdog

These press releases may also interest you

at 20:38
Zinc8 Energy Solutions Inc. ("Zinc8" or the "Company") today filed its financial results for the third quarter ending September 30, 2022. For further information on the results, please see Zinc8 Energy Solutions Auditor Reviewed Condensed Interim...

at 17:30
Enbridge Inc. (Enbridge or the Company) announced today that it has completed the previously announced transaction relating to its partnership agreement with Pacific Energy Corporation Limited (Pacific Energy) to jointly invest in the construction...

at 17:00
Callon Petroleum Company ("Callon" or the "Company") today announced that the Company has added to its management team with three hires across areas of strategic focus for the Company. In recent months, Callon has welcomed Carrie Endorf as Vice...

at 16:50
PBF Energy Inc. today announced that independent director, Robert Lavinia, has announced his retirement from the Board of Directors effective December 31, 2022. ...

at 16:36
PBF Energy Inc. and PBF Logistics LP today announced that C. Erik Young, Chief Financial Officer, has resigned to pursue other professional opportunities.  Mr. Young's resignation will be effective December 20, 2022.  A search for potential...

at 16:30
Experienced leader and attorney Anjuma Goswami Karkera accepted an appointment as Chief Executive Officer (CEO) of the Institute for Building Technology and Safety (IBTS), a nonprofit services-based organization. She succeeds IBTS cofounder Ashok...

News published on 7 october 2022 at 17:38 and distributed by: