Big Oil raised gas prices to record highs in the third quarter even as crude oil costs fell, resulting in record costs for consumers and record profits for oil companies

Gov. Newsom’s price-cutting penalty for oil companies would put these record profits in the pockets of Californians

SACRAMENTO According to Valero’s Q3 financial report, the oil company earned $2.82 billion from July through September, up from $463 million a year ago — an increase of more than 500%. These wins…

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