By Bob Walsh
The official policy of Gavin Newsom, the God-Emperor of
the formerly great state of California, is that the
highest-in-the-nation gas prices in CA are caused almost totally by the
evil petroleum companies ripping off the poor people of CA. In fact the
legislature passed a law last year establishing a mechanism to
investigate the assertion and to financially punish the gas companies if
it was found they were in fact gouging.
In
response to this USC did a pretty comprehensive study on gas prices in
CA. That study was released a few weeks ago. It concluded that
virtually the entire reason for relatively high gas prices in CA was the
regulatory burden and the highest-in-the-nation taxes on fuel. They
found zero evidence of gouging or price manipulation.
Several
months ago Phillips announced that they were permanently shutting down
their SoCal refinery during this year. Several weeks ago Valero
announced that they are permanently shutting down their NorCal refinery,
largely due to business climate issues in CA.
Just
a couple of days ago USC announced that it is very likely that retail
gas prices in CA will hit $8 per gallon next year. Gavin is screaming
FOUL like a mashed cat. If that happens he knows he will have ZERO shot
at the presidency in 2028. He REALLY wants to be president and is
delusional enough to think it might happen.
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