California Continues to Punish Oil Companies 

August 22, 2024

Governor Gavin Newsom (D-CA) has made a name for himself among the eco-left by continuing to hammer his state with damaging regulations. This week, he unveiled a plan to help California’s outrageous gasoline prices, by spoiler alert, with more regulations. 

Just The News reports,

“Newsom’s proposed rule would require that petroleum refiners in his state maintain a minimum fuel reserve to prevent shortages that cause higher prices. In an announcement on the proposal, Newsom blamed oil companies for high gasoline prices and promised further regulation of the industry would solve the problem for residents of the state.”

This is on brand for Newsom and California, blaming everyone else rather than acknowledging the crippling regulations that have been put on fossil fuel companies. The same regulations that have companies leaving the state.  

“California has a history of anti-fossil fuel policies and attacking refineries in the state for allegedly causing high gas prices. According to AAA, the state has the second highest average gas prices behind Hawaii. Meanwhile Texas, which has a comparably friendly regulatory environment for oil and gas, has the third lowest gasoline prices in the U.S.”

California is a prime example of how overregulation can cripple an industry and should be a warning to the rest of the country. If lawmakers continue to enforce regulations to please their eco-left donors, American families will be the ones suffering and left in the dark.