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.
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."
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.
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.
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.
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.
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.
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.
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.
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.
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.
U.S. consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981.
North Bay leads trend on banning new gas stations
A trend that began right here in the Bay Area is likely to speed up the acceptance of electric cars nationwide. The trend? Banning or placing moratoriums on new gas stations or the expansions of current ones.
A trend that began right here in the Bay Area is likely to speed up the acceptance of electric cars nationwide. The trend? Banning or placing moratoriums on new gas stations or the expansions of current ones.
California inflation relief refund: Here's who's eligible for payment
California residents who filed their 2020 taxes are eligible to receive a one-time payment of up to $1,050 as part of the state's inflation relief package.
California residents who filed their 2020 taxes are eligible to receive a one-time payment of up to $1,050 as part of the state's inflation relief package.
'It's worth it': Georgia gas station loses nearly $12K selling discounted gas
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
The Georgia gas station dropped the price to less than $2 a gallon for customers on the Fourth of July. The owner says he lost nearly $12,000 in just three hours, but it was worth it to see the smiles on his customers' faces.
Gas prices take slight dip due to fear of a global recession
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
On Tuesday, the price of crude oil dropped 9%, the largest drop since March. Trading for natural gas, gasoline and heating oil have also recently declined.
Bezos calls out Biden after president's appeal for lower gas prices
A Twitter war between two giants broke over gasoline prices. But, it may already be over because the combatants can't agree on the basic facts. In one corner, President Joe Biden. In the other, Amazon mega billionaire Jeff Bezos.
A Twitter war between two giants broke over gasoline prices. But, it may already be over because the combatants can't agree on the basic facts. In one corner, President Joe Biden. In the other, Amazon mega billionaire Jeff Bezos.
Road travel likely at pre-pandemic levels this Independence Day
Nearly fifty million Americans are predicted to travel on the roads this weekend nationwide, which would make this Independence Day weekend the second busiest ever according to AAA.
Nearly fifty million Americans are predicted to travel on the roads this weekend nationwide, which would make this Independence Day weekend the second busiest ever according to AAA.
California's gas tax goes up July 1: What you need to know
California’s gas tax increased July 1 after legislative leaders rejected Gov. Gavin Newsom’s proposal to suspend the hike to help drivers cope with sky-high prices at the pump.
California’s gas tax increased July 1 after legislative leaders rejected Gov. Gavin Newsom’s proposal to suspend the hike to help drivers cope with sky-high prices at the pump.
Falling gas prices welcome news for Fourth of July travelers looking to avoid airport delays
Flight delays and cancellations may push more people to drive for the Independence Day holiday.
Flight delays and cancellations may push more people to drive for the Independence Day holiday.
US officials return to Venezuela amid gas price hike
Senior Biden administration officials have quietly traveled to Caracas in the latest bid to rebuild relations with the South American oil giant as the war in Ukraine drags on, driving higher gas prices and forcing the U.S. to recalibrate other foreign policy objectives.
Senior Biden administration officials have quietly traveled to Caracas in the latest bid to rebuild relations with the South American oil giant as the war in Ukraine drags on, driving higher gas prices and forcing the U.S. to recalibrate other foreign policy objectives.