CA gas special formulations and limited refining infrastructure development may cause major supply/demand issues. Oil companies have the right to be profitable to be able to develop and maintain capacity to serve. Most oil companies serve more than just the CA market!
How about imposing a penalty on the State of Calfornia for their ridiculous gas taxes and fees? The State imposes over $.50 in taxes/fees for each gallon of gas while oil companies profit in the $.30 range – and oil is their business! The State had the opportunity to reduce taxes/fees during the COVID crisis and failed to act.
CA gas special formulations and limited refining infrastructure development may cause major supply/demand issues. Oil companies have the right to be profitable to be able to develop and maintain capacity to serve. Most oil companies serve more than just the CA market!
How about imposing a penalty on the State of Calfornia for their ridiculous gas taxes and fees? The State imposes over $.50 in taxes/fees for each gallon of gas while oil companies profit in the $.30 range – and oil is their business! The State had the opportunity to reduce taxes/fees during the COVID crisis and failed to act.