Furious Newsom set to punish oil producers, give money to drivers

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 the Legislature to fine them and give the money back to drivers.

Adding to the uncertainty is an unusually high number of new members who will take seats in the Legislature for the first time. More than a quarter of the Legislature’s 120 members could be new, depending on the outcome of a few close races where county officials are still counting votes. In an interview, Ashby said she hasn’t been approached lobbyists or others from the oil industry asking how she would vote on a potential penalty for oil companies. She noted the oil industry spent the money as "independent expenditures," meaning she had no control over that spending during the campaign.

But the battle has already begun. Last week, the California Energy Commission held a public hearing about why the state’s gas prices are so high. California prices spiked over the summer, but so did the rest of the country — mostly in response to a crude oil price surge after Russia’s invasion of Ukraine.

Newsom sought to shame those companies publicly, posting a video to his Twitter account of their empty seats during Thursday’s hearing.

Why just stop collecting the state gas tax!

They have the right too make what they can. You need to lower the tax on gasoline.

Raise taxes to lower taxes. Make sense to Newsome. Isn't the reason prices are so high because of the taxes.

Says the governor who has a 'Winter blend' for California

This is something that our elected officials should be doing CONSTANTLY, not waiting to act until something gets out of control!🙄😑

How about just getting rid of the socialist gas tax

We could have dodged thisbullet with ShellenbergerMD

Cmon…. What a bunch of BS pandering.

This is the most liberal headline I’ve ever seen. Haha

Profits are flexible. They just raise the price till they approach the threshold then back off again. This won’t stop them. Cost still passed on to the consumer in one way or another

This id!it just don't get it, penalize the oil company & who dose it hurt. Poor & middle class. Two group that's the most vulnerable. We already pay the highest Everything. Go after the Tech billionaires, but Gruesome can't go after his Cash Cow for upcoming Presidential run.

It’s a cycle, raise prices till it hurts consumers, lower them a little and give them some relief, then raise them again. Repeat every quarter till disired result is accomplished.

So, socialism

Ummm...maybe call up Biden and ask him to open the pipeline he closed. Oooh! Better yet! Newsom could actually open up OUR oil production that is fervent in the central valley and we'd REALLY be doing well!!

⛽️

Yawn....

Wake me when he actually does something about it.

Thanks for taking us back to the 1970s. Gas shortages and even higher prices are coming. lunkhead GavinNewsom

🙄

'Furious' ? Seriously? Media really buys into this gas lighting?

I’m actually concerned that C student Gav might be special needs. When you levy the highest taxes in the nation and have environmental regulations on gas no other states have the price is higher. Think we need a 4th grader in there to help him understand things

Illegal, but Gavin never seems to concerned about details like that…

Which they’ll pass to the consumers. Big oil playing chess, Newsom playing checkers 🤡

Oh that’ll work out just fine, just like the last time… Governor Lunkhead 🤡🤡🤡

The never productive 'windfall tax' that will be charged to the consumers & the government will literally make out like bandits collecting from the oil companies. Gas & diesel will cost more at the pump & more money will be raised for government to squander. What a deal!

SPECIAL SESSION TO MAKE GAS ⛽ PRICES HIGHER!!!

Seriously. This guy is the absolute worst and a complete communist

Why not just get rid of the taxes.

Suspend the gas ⛽️ tax. Where are those rebate checks?

He's just pissed because he knows his lies & corruption are about to be exposed. So he's trying to kick up a bunch of dust to shift the BLAME from himself to anyone else he can. Our GAS TAX is the largest cost at the pump. A tax HE refused to suspend. He is a lying 🤡

Newsom fighting to give California's a break from corporate greed and the haters here can't even support that. Talk about biased hate.

Newsom is a LIAR and also a thief. He should be investigated.

Why isn't he penalizing himself for all the money he makes over a certain threshold? He is like one of the biggest crooks ever. Can u say FREE MANSION?

Never mind the insane gas tax that he refuses to ax

lets investigate the price gouging he has done to taxpayers w all his freebie handouts to obtain votes..who do you think pays for it in the end WE DO those who work an pay taxes ..theres your freakin story Fox

I’m sure the prices have nothing to do with state imposed taxes, fees, regulations, refining capacity, and/or special fuel blend mandates.

I have an idea, why not look into the price gouging Newson is doing to all of us? Do your job,

Months late.

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