New California gas price law gives regulators power to penalize 'big oil'
It was just a few weeks ago that California Gov. Gavin Newsom called the oil industry the second most powerful force on earth, trailing only Mother Nature in its ability to bend the elements — both physical and political — to its will.
Plunging natural gas prices eases inflation concerns
Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.
PG&E 'sticker shock' explained
If November's gas and electric bills didn't give you sticker shock, this month's as well as the next two, will. As of New Year's Day, the state Public Utilities Commission has granted PG&E increased gas and electricity prices.
Average price of gas plunges to cheapest in over a year
While the White House was quick to point out the latest numbers, AAA says seasonality is the main cause — and not everyone is seeing cheaper gas.
California considers penalties for oil companies over price gouging
California could become the first state to fine big oil companies for making too much money, a reaction to the industry’s supersized profits following a summer of record-high gas prices in the nation’s most populous state.
Furious Newsom set to punish oil producers, give money to drivers
Gov. Newsom has called lawmakers into a special session for the purpose of approving a penalty for oil companies when their profits pass a certain threshold.
Gas prices fall to lowest level since February, GasBuddy data shows
“It’s entirely possible the national average price of gasoline could fall under $3 per gallon by Christmas,” Patrick De Haan at GasBuddy revealed.
California's high gas prices to be focus of special legislative session
Gov. Newsom has called state lawmakers to meet for a special session next week with the hope of imposing a price gouging penalty on oil companies.
Climate activists in Oakland rally against Chevron, big oil profits
Climate activists rallied outside an Oakland Chevron station – calling for a cap on big oil profits.
Newsom blasts Valero's spike in profits
Governor Newsom continued railing against oil companies, accusing them of ripping Californians off and price gouging at the gas pump. He targeted Valero after the oil company reported a 500% increase in profits from this quarter, to the same period last year.
Newsom to call special legislative session over gas prices
California Gov. Gavin Newsom said Friday he will call a special session of the state Legislature in December to pass a new tax on oil company profits to punish them for what he called "rank price gouging."
Pain at the pump: Bay Area gas prices inch toward record highs
Gas prices continued their climb in California and across the Bay Area, closing in on record high prices hit back in June.
Newsom proposes "Windfall" tax on oil companies to bring gas prices back down
Californians are once again feeling pain at the pump. Gas prices are on the rise, even though crude oil prices have fallen to $85 a barrel. To bring the cost down for drivers, Governor Gavin Newsom announced a change Friday to immediately increase the state's gas supply.
Newsom calls for early release of winter-blend amid soaring gas prices
Some relief could be coming to California drivers.
Gas prices spike again, as Hurricane Ian barrel towards Florida
After a period of gas prices trending lower, they’re swinging back up again, as concerns rise about Hurricane Ian’s effects on oil production in the Gulf of Mexico.
Circle K gas is 40 cents off per gallon on Sept. 1 ahead of Labor Day travel
Traveling this weekend? Drivers can get 40 cents off of gas on Thursday, but only during a certain time. Here’s what you need to know to save on fuel.
Bay Area drivers react to California's phasing out of gas-powered vehicles
Bay Area drivers offered mixed reaction on Thursday to a move by state regulators to begin phasing out gas fueled by vehicles by 2035.
US inflation slips from 40-year peak but remains high at 8.5%
Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year jump in June.
BP earnings triple to $8.5 billion as prices soared during Russia-Ukraine war
The good news for the London-based BP was bad news for consumers, as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world.
US inflation reached 9.1% in June, a new 40-year high
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.