California To Hold Special Session On Gas Prices ...Middle East

Sacramento, CA — Governor Gavin Newsom says he wants to place a new tax on oil company profits, in an effort to reduce “price gouging.” Newsom is planning to call a special session of the legislature to address the matter, and opponents are voicing concerns. California’s average price for a gallon of regular unleaded is nearly $6.40 per gallon, which is $2.58 higher than the national average. California has the second highest excise gas in the country at around 54-cents per gallon (Pennsylvania is highest at 57-cents) and state environmental restrictions that impact the price of fuel. However, Newsom says those factors do not justify a price of $2.58 higher than other states. Speaking to rep

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