The Oil Companies Are Making Tons of Money When the Price Goes Up

Drivers in California paid an average of $5.93 per gallon of regular gas on Monday  — about $1.50 more than the national average. Gas prices rose nationwide following Russia’s invasion of Ukraine, but while they’ve leveled off in other states, California’s are still rising. To lessen the impact, Gov. Gavin Newsom proposed a gas rebate last week that would provide between $400 and $800 to California car owners. We’ll talk about the rebate and other legislative proposals and explore why gas in California is so expensive.

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