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Jul 20, 2021 · California ranked among the highest states for the share of total economic contributions by the natural gas and oil industry, generating $199.3 billion toward the state’s gross domestic product—including $94.4 billion added to total labor income.
Jan 29, 2024 · The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California. Chevron will also take...
- Sabrina Valle
Dec 17, 2022 · The state’s prices at the pump climbed to nearly $3 above the national average in October, at $6.42 per gallon, while oil companies nearly doubled their year-over-year profits.
Many factors affect gasoline prices, including crude oil cost, refinery cost and profits, distribution cost, marketing costs, and profits. In California, there are five reasons why retail gasoline prices are higher than the average price in the United States: Higher Taxes on Gasoline
Mar 27, 2023 · After a large dip over the winter, California gas prices have slowly ticked higher to an average of $4.82 on Monday. Newsom slammed the industry for “price gouging,” an accusation that gained...
Oct 23, 2023 · The commission’s actions on Oct. 18 won’t do much to immediately lower prices at the pump (as of Sunday, AAA reports the average price per gallon in California was $5.45, higher than the national average by $1.90), but they’re key to ensuring that Newsom’s law remains effective.
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Mar 27, 2023 · California lawmakers on Monday approved Gov. Gavin Newsom’s legislation to increase transparency in the oil industry, ending a special session he called last year to penalize excessive profits.
