Today's Date: December 9, 2022
Datopotamab Deruxtecan Showed Promising Responses as Monotherapy and in Combination with Durvalumab in Patients with Metastatic   •   Cavendish Renewable Technology Signs Agreement for Development of State-of-the-Art Hydrogen Electrolyser Technologies with Adani   •   Hispanic Serving Institution Awarded $3 Million U.S. Department of Education Grant to Boost Hispanic Student Success   •   Connected California Program Launches to Bridge the Digital Divide   •   The Ecopetrol Group will invest between COP 25.3 trillion and COP 29.8 trillion in 2023 to accelerate the energy transition path   •   Sarah Cannon Research Institute to Present Latest Research Insights at the 2022 ASH Annual Meeting & Exposition   •   Fund Created with The Community Foundation of Frederick County to Support Middletown Valley Trails   •   Acer Reports November Consolidated Revenues at NT$ 18.91 Billion, Up 4.7% Month-on-month   •   Ambrx Announces Encouraging Preliminary Safety and Efficacy Data Evaluating ARX788 in HER2 Positive Metastatic Breast Cancer Pat   •   Azura Ophthalmics Presents Positive Results from Phase 2b Clinical Trial of AZR-MD-001 in Meibomian Gland Dysfunction at Ophthal   •   Expanding Female Fitness Friendships: Critical Body Acquires womanhouse.net and monarq.co   •   UroGen Pharma Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)   •   GCX Acquires Jaco   •   Takeda to Present Data at 64th American Society of Hematology (ASH) Annual Meeting, Demonstrating Commitment to Patients with He   •   BLUETTI Named As CES 2023 Innovation Awards Honoree   •   Kite and Arcellx Announce Strategic Collaboration to Co-develop and Co-commercialize Late-stage Clinical CART-ddBCMA in Multiple   •   Gibraltar Announces New $400 Million Credit Facility   •   PureWest Releases 2021 Environmental, Social and Governance Report, Along with First-of-its-Kind Digital Tool   •   Sims Limited Named One of America's Most Responsible Companies by Newsweek   •   New Clinical Data for Zanidatamab in HER2+ /HR+ Metastatic Breast Cancer Presented Today at 2022 SABCS
Bookmark and Share

Consumer Watchdog Calls On Governor Newsom To Call Special Session To Deal with Pain at Pump -- $2 Per Gallon Gap At Pump With U

Consumer Watchdog Calls On Governor Newsom To Call Special Session To Deal with Pain at Pump -- $2 Per Gallon Gap At Pump With US Calls For New Laws To Rein In Windfall Profits

PR Newswire

LOS ANGELES, Sept. 27, 2022 /PRNewswire/ --  Consumer Watchdog today called on Governor Gavin Newsom to call a special session of the California legislature to address the historic nearly $2 per gallon extra Californians are paying at the pump as opposed to US drivers.

The consumer group pointed out that California's environmental regulation and extra taxes add only about 60 cents to the price at the pump.  The US Energy Information data released last night shows Californians paying $5.61 per gallon and US drivers paying $3.71 per gallon.

Newsom signed a new law, SB 1322 (Allen), that will require oil refiners to post their monthly profits per gallon starting in January: https://www.consumerwatchdog.org/energy/gov-newsom-signs-law-legislation-requiring-ca-oil-refiners-report-their-profits-gallon

Consumer Watchdog said the Governor and legislature should not wait until the data is available to enact a windfall profits tax. 

The group pointed to second quarter profits reports provided to oil refiner investors showing the companies are making unprecedent profits of more than $1 per gallon in the Western region off Californians' pain at the pump: https://www.consumerwatchdog.org/energy/cas-big-5-oil-refiner-profits-top-26-billion-1-gallon-watchdog-make-case-profits-disclosure

"The oil industry has declared war one the state of California and its raising prices unreasonably to punish the public and lawmakers for enacting tough new laws," said Jamie Court, president of Consumer Watchdog. "The state must fight back with a new law to take back windfall profits that the companies are almost certainly making from their $2 per gallon surcharge on California drivers. The oil refiners don't have added production costs. They are simply charging more because they can and want to.  That's gouging."

The oil industry is unhappy with new environmental laws and is currently challenging via referendum a new law requiring that there be no new wells within 2500 feet of communities.  These laws have no impact on the price at the pump.  Oil refiners, however, seem to be making a statement about their discontent by charging Californians two bucks more per gallon as punishment, Consumer Watchdog said.

"Oil refiners are trying to rake in as much profits as they can now before SB 1322 takes effect and they have to report their per gallon profits publicly in January," said Court. "The legislature shouldn't wait until January to enact a law that holds the refiners accountable for ill-gotten gain. The Governor should call the legislature into special session to decide whether to enact a windfall profits tax that takes back excessive profits for the state immediately. They need to send a message that this level of pig-at-the-trough price gouging is simply unacceptable."

Cision View original content:https://www.prnewswire.com/news-releases/consumer-watchdog-calls-on-governor-newsom-to-call-special-session-to-deal-with-pain-at-pump----2-per-gallon-gap-at-pump-with-us-calls-for-new-laws-to-rein-in-windfall-profits-301634733.html

SOURCE Consumer Watchdog



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News