Gov. Newsom Seeks Explanation for High Gas Prices

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SACRAMENTO (AP) — Gov. Gavin Newsom wants to know why the state’s gas prices are higher than they should be.

Newsom asked the California Energy Commission on Tuesday for an analysis of the state’s gas prices by May 15.

Gordon Schremp of the energy commission says California’s prices are higher than other states because of its higher taxes, tougher regulations and recent troubles at the state’s refineries. But a 2017 study by the state’s Petroleum Market Advisory Committee found those reasons did not account for all of the price difference.

In January, 19 state lawmakers asked the California Department of Justice to investigate. They cited analysis from University of California-Berkeley Professor Severin Borenstein, who found the unexplained price difference has cost Californians more than $17 billion since February 2015.

Copyright 2022 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2022 The Associated Press. All rights reserved.

Don't miss

Latest News

More News