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The teacher published a study that reveals that policies on gas taxes and refineries are affecting prices, compared to oil companies on consumers.
A new study published by Michael Mische, a professor at the Marshall School of Business at the University of South California, concluded that policies have a significant factor in the highest prices of gas in the state, while the Governor’s office and others argue that the price is still a critical factor.
“From 30 to 50 years of data, the primary conclusion of this study is that high gasoline prices and California supply dilemmas are, by design, engineering or serendipiament, to a large extent autonomous and the result of directed policies and a lettuce of regulations, taxes, rates and costs,” says the same study.
“Economic evidence is abundant; California refinators have not participated in a widespread price of prices, deepening, prices handling,” inexpliced residual prices “or surcharges, magical or otherwise,” he continues.
Gas prices are pointing to a Sherman Oaks gas station, but 2.9 million are headed to Weekend Memorial getaways on Wednesday, May 22, 2024 in Los Angeles, California. (Brian van der Brug / Los Angeles Times through Getty Images / Getty Images)
Mische told Fox Business what he stood out during the research process.
“”I think what really emphasized was the fact that the population of California was growing, the registered motor vehicles grew, the annual mileage was growing, but the refineries went down. The number of refineries was falling substantially, “he said in an interview.
“”We started looking for a price we didn’t find. We sought the pricing manipulation and supply manipulation, which we found, “added the teacher.” But, you know, California’s regulatory environment becomes stricter and California’s operating environment becomes more expensive. Our refineries in California operate, you know, between 28 and 35 percent higher than the national average. “
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Governor Gavin Newsom (D-CA) fired President Elect Donald Trump on Wednesday after the allegations that he rotated the California wildfires. (Jason Armond / Los Angeles Times through Getty Images / Getty Images)
In terms of political solution, Mische said the easiest way to lower prices would be to reduce gas on gas and make changes to oil production less expensive in the state.
“There are several legislative actions that could be done to immediately relieve stress in California consumer, but … let’s be very realistic in it. I mean, the California legislature has no inclination to do it,” he said.
However, some California leaders still maintain that pricing is an important factor in state life gas prices. From Friday, the Golden State has the highest average prices in the country at $ 4.94 per galó, according to AAA. In extreme cases, bomb prices reached about $ 7 and even more than $ 9 at a good number of stations in recent years.
“Governor Newsom has done more than any other governor of recent history to face the challenge of increasing gas prices, despite what the oil industry and its allies say,” spokesman for the spokesman governor He told Fox News Digital in a statement.
The drivers sit on traffic at the South Interster 5 during the afternoon travel, heading to the center of San Diego on March 12, 2024 in San Diego, California. (Photo of Kevin Carter/Getty Images) (Kevin Carter / Getty Images / Getty Images)
“In the two years since the Governor signed the California Gas Price Law, the state has avoided severe gasoline prices such as the Historical Spike of 2022, saving thousands of dollars to Californians in the bomb,” the statement continued. “ The law established the first independent state-level oil clock in the country to take responsibility for Big Oil, and the state has more transparency in the industry than ever before. And with the special session last year on gas prices, we have more tools on the road, including the need for oil refinations to maintain a suitable supply to protect the state of pricing tests based on supply. ”
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The division of oil market supervision, an independent California Energy Commission Agency, told Fox News Digital that extremely high prices in the fall of 2022 were “consistent with price behavior” and seeking “the difference in inexplicable prices between retail gasoline prices in California and the rest of the use” after adding taxes and regulations.
