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California motorists already pay the highest gas taxes in the US and on November 29th the California Energy Commission (CEC) will host an informational hearing to discuss a new tax that will indirectly increase the cost of gas.


December, 2022

California Energy Commission Staff and Industry Experts Highlighted the Unique Regulatory, Tax and Supply Issues that Raise Fuel Costs

CAHT

On November 29, 2022, the CEC conducted a hearing ordered by the Governor to examine

California's fuel costs. The Governor’s primary objective for this hearing was to build support for his

new gas tax proposal. Fortunately, what the CEC presented resulted in a robust discussion with industry participation on the

policy, market and regulatory factors that contribute to fuel and energy costs in California.

December 7, 2022

Is Newsom's Gas Profits Penalty Really a Tax?

CalMatters

By Dan Walters

Originally, California Gov. Gavin Newsom called for a tax on excess profits on gasoline sales, but now terms it a penalty, which would make it easier to win legislative approval.

November, 2022

Impact of a Windfall Profits Tax on Gasoline Supplies and Prices in California

Capitol Matrix Consulting

On September 30, 2022, Governor Newsom called for a windfall profits tax on oil and gas (O&G) companies, stating that “crude oil prices are down but oil and gas companies have jacked up prices at the pump in California. This doesn’t add up…We’re not going to stand by while greedy oil companies fleece Californians. Instead, I’m calling for a windfall tax to ensure excess oil profits go back to help millions of Californians who are getting ripped off.”

November 3, 2022

Op-Ed: We can’t afford to shutter California’s aging oil refineries yet

Los Angeles Times

By Gregory Brew

After a summer with some historic gasoline price increases, California continues to experience the highest gas prices in the country by a considerable margin. California’s prices are partly the result of geographic accident, with the West Coast distant from oil production and refining facilities in other states.

October 26, 2022

California might levy a new tax on oil companies. Here’s what to know

CalMatters

By Grace Gedye

Here are the basics of the new windfall profit tax Gov. Gavin Newsom proposed, and how similar taxes have worked in the past.

October 22, 2022

Newsom strives to bring back the Jimmy Carter era

The Orange County Register

By Steven Greenhut

SACRAMENTO – It was arguably the most politically disastrous speech from a president in the nation’s history. Against a backdrop of quarter-mile-long lines at gas stations, soaring inflation and nationwide strikes by independent truckers disgruntled by fuel prices and energy regulations, President Jimmy Carter gave what historians call his “national malaise” address.

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