By Bob Walsh
Gavin Newsom, the God-Emperor of the formerly great state
of California, has been SCREAMING for ages that the ridiculously high
gas prices in California are due to greed by the nasty and mean oil
companies. The state in fact recently took action to study the problem
and institute penalties against the oil companies for gouging.
The
USC Marshall School of Business just released a study of California gas
prices. According to Michael Mische, that study concluded that the
high prices are the "result of directed policies and a litany of
regulations, taxes, fees and costs....The data is overwhelmingly
compelling....There is no evidence of price gouging, either by gas
station owners or refiners or oil producers in the state...."
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