Tuesday, October 22, 2019

California’s high gas prices will be investigated for possible price fixing

The L.A. Times reports:
Citing gasoline prices that can be 30 cents a gallon higher than those in other states, Gov. Gavin Newsom on Monday asked the state attorney general to investigate whether California’s leading oil and gas suppliers are involved in price-fixing or other unfair practices.

The request, which Atty. Gen. Xavier Becerra’s office said it would accept, comes amid growing frustration with high prices charged in communities across the state. The investigation has the potential to trigger the most consequential review of California’s gas prices in years, eclipsing the ineffectual efforts demanded by elected officials over the past two decades.

“There is no identifiable evidence to justify these premium prices,” Newsom wrote in a letter to Becerra.

They want high gas prices via high gas taxes and now they complain! What a hoot.