Editorial: Big Oil shouldn't be able to fleece Californians while polluting the planet (via latimesopinion)
over the next two decades, oil companies will seek to squeeze as much profit from Californians for as long as they can. And in an atmosphere of dwindling demand for their product, you can expect them to keep blaming the state’s climate policies for the high prices, even though they are only partly responsible.
Newsom administration officials are now describing the proposal as a penalty, rather than a tax, and say it is not designed to raise a lot of money for the state but to be a deterrent against price hikes. But it functions largely the same. Column: Penalizing high gas costs could be 2023’s biggest legislative fight. Hopefully, lawmakers learned from the past
California consumers already suffer from a lack of competition, with a highly consolidated market, only five major oil refiners and a much higher percentage than other states of branded gas stations that charge customers a premium compared to independent stations.
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