XPost: alt.tv.pol-incorrect, alt.fan.rush-limbaugh, alt.politics.usa   
   XPost: ca.news   
   From: yak@inbox.com   
      
   On 6/5/2024 7:24 AM, NoBody wrote:   
   > On Fri, 31 May 2024 21:05:03 -0500, Ubiquitous    
   > wrote:   
   >   
   >> California’s new gasoline price gouging law will end up raising prices   
   >> at the pump for everyday Americans and could even limit the state’s   
   >> energy supply, critics say.   
   >>   
   >> Gas prices in California have already topped $5 a gallon this year due,   
   >> in large part, to the state’s high taxes and tough regulations on the   
   >> industry.   
   >>   
   >> However, Democratic Governor Gavin Newsom blames his state’s expensive   
   >> gas on greedy oil companies.   
   >   
   > Standard lib fair and excuses.   
   >   
   >>   
   >> The governor wants to cap the profits of gasoline producers,   
      
   But it won't cap its tax, which currently sits at $0.57.9/gal, to be   
   raised to $0.59.6 on 7/1. And they accuse producers of gouging.   
      
   > but   
   >> critics worry this will burden California refineries, who will, in   
   >> turn, pass the costs onto drivers and push gas prices over $6 a gallon.   
   >   
   > Oh great - government price controls.  Cause they work SO well in   
   > communist countries.   
   >   
   >>   
   >> Last year, Newsom signed an anti-price gouging law that establishes an   
   >> industry watchdog and increases scrutiny on oil companies.   
   >>   
   >   
   > How about cutting the state gas tax?   
   >   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)