State lawmakers will briefly return to the state Capitol on Monday to swear in new members and elect leaders for the 2023 legislative session. But this year, Newsom also has called lawmakers into a special session for the purpose of approving a penalty for oil companies when their profits pass a certain threshold.
"It's kind of like the first day of school and you get this big ethics test about a job that you've never had," said Jamie Court, president of Consumer Watchdog, an advocacy group that has partnered with the Newsom administration to back the gas proposal. "Campaigns are not legislation, and the campaign slogans and strategies of my opponent are a thing of the past," said Ashby, whose district includes Sacramento. "I'm fixated on the people of Senate District 8 and I will make my decision based on what is in their best interest."
California's prices spiked again in October, even while the price of crude oil dropped. In the first week of October, the average price of a gallon of gas in California was $2.61 higher than the national average - the biggest gap ever. Since then, oil companies reported billions of dollars in profits.
"Big oil is ripping Californians off, and the deafening silence from the industry is the latest proof that a price gouging penalty is needed to hold them accountable for profiteering at the expense of California families," Newsom said in a news release announcing the special session.
Somehow, this is going to end up costing us more money.
Send us more gas $$
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California lawmakers to meet, eye big oil’s high gas pricesFurious about oil companies’ supersized profits after a summer of record-high gas prices, California Gov. Gavin Newsom on Monday will formally start his campaign to punish big producers by asking t…
Source: mercnews - 🏆 88. / 68 Read more »
California reparations proposal could mean $223K per person in payments for Black residentsGov. Gavin Newsom's California Reparations Task Force is claiming that Black state residents who qualify may be entitled to over $200,000 in payouts over historic discrimination. What about our homeless veterans , take care of them first, they deserve it! !!! Hey, GavinNewsom... do Asians next!
Source: FoxNews - 🏆 9. / 87 Read more »
High gas prices prompt California lawmakers to consider penalties on oil profitsAt Gov. Gavin Newsom's urging, California lawmakers are expected to begin a special session Monday to consider a penalty on oil profits in response to high gas prices. Soon to be ITT: people who don't understand that if costs were truly to blame for the higher prices, profits wouldn't be soaring. Just show people the gas prices in Germany and they will feel better. How about getting rid of the requirement to have a special blend of gas in California?
Source: latimes - 🏆 11. / 82 Read more »
Vikings withstand furious Jets rally to hold on for 27-22 victoryJustin Jefferson’s touchdown catch with 8:33 left gave the Minnesota Vikings enough of a lead to hang on for a 27-22 victory despite a relentless rally by the New York Jets on Sunday.
Source: usatodaysports - 🏆 454. / 53 Read more »
Furious Geese Are Defeating Humans, Scientists FindNew research shows that standard goose harassment tactics are horribly ineffective at shooing — and keeping — away geese. There one thing that is effective at keeping away geese, but if you're only interested in shooing them away, perhaps it is not the best methods.
Source: futurism - 🏆 85. / 68 Read more »
Starbucks fans furious over new 'awkward' tipping systemStarbucks recently added a tipping option leaving some baristas and customers frustrated with the new step for customers paying without cash. I HATE the tipping system in American. Can’t we just pay what a product or service is worth? “To insure promptness” my ass. Tip me for responding to an email. That sounds reasonable. Why aren’t you talking about this? Just make your own coffee at home, I hate americunts.
Source: FoxBusiness - 🏆 458. / 53 Read more »