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The Latest Breaking News from Severin Borenstein

Suspending federal gas tax wouldn’t save drivers as much as they might hope – here’s what goes into the price of a gallon of gas

With gasoline prices still high – averaging over US$4.50 a gallon in mid-May 2026 – President Donald Trump said he wanted Congress to suspend the federal gas tax, which is 18.4 cents a gallon for gasoline and 24.3 cents a gallon for diesel. A bill has been introduced in the…

The Conversation

What’s in the price of a gallon of gas?

The U.S. Energy Information Administration expects nationwide retail gasoline prices to average near US$4.30 a gallon for April 2026 – the highest monthly average of the year. The political response has been familiar. Georgia has suspended its state gas tax, other states are weighing their own tax holidays, and the…

The Conversation

Why California Gas Is $5.29 Today: Iran War, Refinery Issues and Expert Predictions

California gas prices have surged to $5.29 per gallon due to the Iran war disrupting oil supplies, local refinery issues, and high taxes

International Business Times UK

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Solar panels that fit on your balcony or deck are gaining traction in the US

Small-scale solar panels about the size of a door are poised to be plugged into more U.S. homes and apartments as homeowners and renters who want to harness the sun’s energy look for cheaper alternatives to rooftop installations

The Independent UK

Richer people pay more: California’s dramatic change to electricity bills

Some higher-income residents – who already enjoy subsidies for solar – oppose paying more than low-income households

The Guardian - US

California lawmakers approve Newsom's oil bill. Here's what you need to know

California lawmakers on Monday approved Gov. Gavin Newsom's legislation to increase transparency in the oil industry, in the final hours of a special session he called last year to penalize excessive profits.

Los Angeles Times

Gov. Newsom blames oil companies for California's high gas prices. Could the state sue them?

SACRAMENTO, Calif. — As lawmakers debate who is to blame for California’s high gas prices, Attorney General Rob Bonta is seeking millions of new dollars to investigate and possibly sue oil companies over the matter.

Tribune News Service

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PG&E delivers bill shocks to customers amid soaring natural gas prices

Soaring prices for natural gas and this winter’s icy blasts have jolted unsuspecting PG&E customers with brutal — and fast-rising — monthly utility bills.

Tribune News Service

Editorial: Big Oil shouldn’t be able to fleece Californians while polluting the planet

Gov. Gavin Newsom’s proposal to penalize excessive oil refinery profits is a relatively straightforward effort to prevent price gouging that reached new heights this year as gas prices in the state spiked to more than $6.40 a gallon. While Californians paid $2.60 a gallon more than the average American motorist…

Los Angeles Times

George Skelton: Penalizing high gas costs could be 2023’s biggest legislative fight. Hopefully, lawmakers learned from the past

SACRAMENTO, Calif. — There are worse things than being gouged at the gas pump. You could be shut out at a dry pump.

Los Angeles Times

California lawmakers to meet, eye big oil's high gas prices

California lawmakers are preparing to return to work for a special session on gas prices

The Independent UK

Should California tax oil profits? Gas spike hearing sets stage for contentious debate

SACRAMENTO, California — Consumer advocates and oil industry representatives launched opening salvos Tuesday in a bitter debate over whether oil companies are “price gouging” drivers or are themselves actually the victim of California’s green policies squeezing out fossil fuel industries.

Tribune News Service

California pushes a new plan cutting rooftop solar incentives

California is poised to reduce payments to homes and businesses that go solar for clean electricity they supply to the power grid — a landmark shift in how the state promotes a crucial technology for fighting climate change.

Los Angeles Times

California repeatedly warned about fragile gas supply, spiking prices. But fixes never came

LOS ANGELES — California officials have had repeated warnings over the last two decades that the state’s unique blend of gasoline is susceptible to supply shortages and sharp price spikes.

Los Angeles Times

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Los Angeles Times

George Skelton: Newsom wants to tax oil companies for soaring gas prices. It'll be a bumpy road for motorists no matter what

SACRAMENTO, Calif. — When gas prices rise, it instantly fuels political rhetoric about price gouging and the need to help motorists pay at the pump. It's as automatic as pushing the starter button and hearing the engine crank up.

Tribune News Service

96-cent hike in two weeks: California gas prices shrouded in secrecy amid historic cost spike

As Californians look down the barrel of gasoline prices just cents away from hitting another all-time record, Gov. Gavin Newsom is quick to blame the oil industry for “ripping you off.” But even as Sacramento considers levying a punitive tax on oil companies, experts say state regulators have woefully little…

Los Angeles Times

On the Orange County coast, voters fume about gas prices but fear for climate's future

SAN JUAN CAPISTRANO, Calif. — When Amy Sibley heads to the Costco here from her home in nearby San Clemente, her best friend, Lisa Miller, tags along — to save gas money.

Los Angeles Times

Record-setting gas prices show California's worsening energy vulnerabilities

LOS ANGELES — California is getting another reminder of the volatility of its energy supply as shutdowns at several oil refineries have sent gas prices soaring, including to all-time highs Monday in Los Angeles.

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Tribune News Service

California gas is ‘out of whack’ – nearly $2 more than national average

California has long been known as the country’s priciest place to fill up your tank, but these days the Golden State is “completely out of whack.”

Los Angeles Times

New California gas tax hits Friday, bringing higher pump prices

LOS ANGELES — Californians contending with the highest gas prices in the nation will pay another 3 cents per gallon starting Friday due to the state's annual gas tax increase.

Tribune News Service

California will investigate why it has the highest gas prices. Here’s what we already know

SACRAMENTO, Calif. — California Assembly Democrats are forming a select committee to investigate why the state’s $6-per-gallon gas prices are among the nation’s highest.

Tribune News Service

'Outrageous': Gas prices reach new record high in California, US

WOODSIDE, California — Gas prices in the Bay Area and California broke records again Wednesday, with some stations hitting $7 a gallon for mid- and premium-grade, exacerbating concerns about inflation and the region’s exceptionally high cost of living.

Tribune News Service

Slight drop in California average gas prices could signal relief in the weeks ahead, experts say

Although Californians have typically paid the steepest gas prices in the U.S., the fallout from Russia’s invasion of Ukraine has some Golden State drivers shelling out more than $6 per gallon for regular unleaded fuel in recent weeks.

Los Angeles Times

Sick of high gas prices? Then it's time to talk climate action

Let's start by getting something out of the way: Skyrocketing gas prices are not caused by climate policy.

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