Politics & Government
Gov. Gavin Newsom Proposes Price Gouging Penalty On Oil Companies
According to Consumer Watchdog, the five largest oil refineries quadrupled their profits through the first nine months of this year.
December 2, 2022
Gov. Gavin Newsom will call a special session of the state legislatures, hoping to pass a so-called price gouging penalty on oil companies.
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"Compared to Arizona and Texas, it's bad," said collegiate soccer player Orlando Valencia.
According to Consumer Watchdog, the five largest oil refineries quadrupled their profits through the first nine months of this year. In 2021, the companies reported $17 billion in profits compared to $67 billion in 2022.
Find out what's happening in La Mesa-Mount Helixfor free with the latest updates from Patch.
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