Gavin Newsom Announces Brilliant Plan To Lower Gas Prices

[WTH_Progs?]

This just shows that Gavin doesn't have a clue with the oil industry.
But, he is very fast with how to raise taxes.

He's a Democrack, their survival depends on lying to the dumbest portion of us. Fuck even many of their politicians are dumb rocks, some actually believe this BS.

 

[Jim H - VA USA]

I suppose you are doing the refineries talking, because they aren't answering to why the increase in such a short time.

LA Times confirms the Forbes info I posted.

Article is behind a paywall, so I will post some of it here, in compliance with 17 USC § 107, for non-commercial purposes of public information and research....

California repeatedly warned about spiking gas prices, fragile supply. But fixes never came

Because of a California-specific blend of gasoline and a market moving away from fossil fuels, the state remains vulnerable to drastic price increases because policy makers haven't taken action to address the problem.

www.latimes.com

Oct. 8, 2022 Updated 2:05 PM PT

California officials have had repeated warnings over the last two decades that the state’s unique blend of gasoline is susceptible to supply shortages and sharp price spikes.

But despite multiple reports and special committees, California has struggled to find solutions as it tries to rapidly reduce its reliance on fossil fuels.

Motorists got a reminder of this in recent weeks as prices hit record levels in an increasingly fragile gasoline market, after almost half the state’s refineries experienced recent or ongoing outages, pushing the supply of West Coast gasoline to its lowest level in a decade.

Yet state leaders remain far from a comprehensive fix.

“We’ve got to make longer-run plans and not just wait until the crisis is upon us,” said Severin Borenstein, the director of UC Berkeley’s Energy Institute at the Haas School of Business, who sat on statewide committees in 1999 and 2015 aimed at finding possible solutions for the state’s volatile fuel market.

None were implemented, he said.
...
“The way we’re doing it now is you just let the fuel costs go up and then we leave poor people with no ability to get anywhere… . And then [California leaders] grandstand against the oil companies — that’s not a solution.”
...
Other ideas, such as building more refineries or a new pipeline to California, stand in sharp contrast with the state’s goals to move away from fossil fuels and related infrastructure.
...
“Data show even as crude oil prices decreased and state fees and taxes remained unchanged, the price at the pump still went up because refinery costs and profits more than tripled, now accounting for $2.18 for every gallon of gas that Californians buy,” California Energy Commission Chair David Hochschild said in a statement Wednesday. He requested information about the “sudden gap between national and California prices” from in-state oil refiners, which produce the vast majority of gas sold in California.

He also pointed to two cases in the last decade when refineries had unplanned maintenance issues: In September 2019, when five refineries had outages and prices spiked about 34 cents per gallon, and the 2015 explosion at a Torrance refinery that caused a 46-cent increase.
...
“The real issue is you’ve lost several hundred thousand barrels a day of refining capacity,” Hirs said. “And to make up that supply, people are having to shift supplies from other parts of the nation, and that just costs money.”
...
Executives for Valero, which runs two of the state’s 11 gasoline refineries, warned in a letter Friday that additional costs, such as a new tax, “will only further strain the fuel market and adversely impact refiners and ultimately those costs will pass to California consumers.”

Responding to the Energy Commission, Valero and PBF Western Energy, which also runs two gas refineries in California, denied any sort of price gouging or market manipulation, instead placing most of the blame on the state’s many regulations and policies that have made such a tight market.

cc: Toddsterpatriot