California policies responsible for high gas prices: University study

A new study issued by Michael Mishi, a professor at the Marshall College of Marshall at the University of Southern California, concluded that policies play an important factor in high gas prices in the state, while the ruler’s office and others argue that the distinction between prices is still a decisive factor.

“Based to 30 to 50 years of data, the basic conclusion of this study is that the high prices of gasoline in California and supply dilemmas, according to design, engineering or charity, largely ventilation of self, and as a result of guided policies and clarification of regulations, taxes, fees and costs”, the same study states.

“Economic evidence is abundant; California’s halls have not been involved in prices on a large scale, nutrition, price manipulation,” unjustified prices “or additional fees, magic or otherwise,” continues.

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Mische explained to Fox Business what emerged during the search process.

“I think what really emerged in my mind was the fact that the population of California was growing, and the growing vehicles were growing, and the number of annual miles was growing, but the refineries were declining. He said in an interview: “The number of refineries was dramatically.”

“We started searching for price counterfeiting, which we did not find. The professor added: “We have searched for price manipulation and the processing of the supply, which we found,” but we found, as you know, that the organizational environment in California has become more strict and the operating environment in California becomes more expensive. Masafina works in California, as you know, somewhere between 28 to 35 percent higher than the national average. “

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Regarding policy solution, Mische said that the easiest way to reduce prices is to reduce gas tax and make changes as well Oil production The lowest cost in the country.

“There are a number of legislative measures that can be taken to reduce tension on the California consumer immediately, but … Let’s be very realistic in this matter. I mean, that the legislative body in California has no tendency to do so.”

However, some California leaders still maintain that wearing prices is general Gas prices. As of Friday, Golden State has the highest average price in the country at $ 4.94 per gallon, according to AAA. In extreme cases, prices in the pump reached about $ 7 and even more than $ 9 in a handful of stations in recent years.

“The Governor Newsom has done more than any other ruler in modern history to address the challenge of high gas prices – despite what the oil industry and its allies say.” governor Tell Fox News Digital in a statement.

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“In the two years since the ruler’s signing in the California gas prices law, the state has avoided severe gasoline prices such as the historic 2022 height, providing billions of dollars in California in the pump,” the statement continued. “The law created the first independent oil monitoring at the state level to hold large oil accountable, and the country has more transparency from the industry than ever. With the special session for the past year about high gas prices, we have more tools on the road, including demanding oil refineries to maintain sufficient supplies to protect the state from high prices in supply.”

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It told the Petroleum Market Supervision Department, an independent agency through the California Energy Committee, Fox News Digital that the very high prices in the fall of 2022 were “consistent with price hunting behavior” and that they were looking into “unjustified price difference between retail gas prices in California and the rest of the United States” after adding taxes and regulations.