CA Gas Prices Are Set to Surge Due to Newsom's Latest Failure; Chevron Exec Says State Is 'Uninvestable'

 Jennifer Van Laar  The old "greedy oil companies" routine again; always bought by those who vote Democrat. TD

"As to separation between California prices and the prices in the rest of the United States, we can offer the following information. For Valero, California is the most expensive operating environment in the country and a very hostile regulatory environment for refining. California policy makers have knowingly adopted policies with the expressed intent of eliminating the refinery sector.

"While gas prices in much of the country have gone down since their highs earlier this year, gas prices in California are soaring again, with prices almost exactly $1 per gallon more than they were a month ago. The average price in Los Angeles County was $6.41/gallon as of Sunday, October 9, while the statewide average was $6.33, according to AAA.

"Since polls show this is one issue that does move the needle with California voters, while Gov. Gavin Newsom doesn’t seem to feel threatened by his GOP challenger, state Sen. Brian Dahle, he knows that his supermajority in both legislative houses could be threatened if potential voters are angry enough to make it to the polls.

"So, in his trademark style, Newsom is “taking action.” First, he angry tweeted, but after being asked what he was going to actually do about it, well, of course, he’s going to call for a new tax. On the oil companies. To put money back in *our* pocket. Pretty sure that’s not how that works, but the bigger issue for Gavin is that the legislature has already adjourned for the year.

"Once that was pointed out to him, he called for a special session of the legislature, to convene — a  month after the election. Given that Assembly Speaker Anthony Rendon appointed a commission to study the issue (to great fanfare) back in May and we’ve heard absolutely nothing from them, it seems that California Dems aren’t really interested in the true answer and would rather just blame “greedy oil companies” and tax them." . . .