💨 Abstract

California should halt Gov. Gavin Newsom's plan to penalize oil companies for excessive profits, proposed energy regulator Siva Gunda. The state should focus on other policies to lower gas prices and maintain supply while aiming to phase out fossil fuels by 2045. Newsom’s penalty plan has faced criticism and hasn’t imposed any penalties. California has the highest gas prices in the nation, with regular unleaded gas at $4.61 per gallon.

Courtesy: WTOP Staff