For years California has had the highest fuel prices in the nation, and the Californian Democrats have taken to blaming the oil companies for taking advantage of the state.
In October 2024, Gavin Newsom virtue signaled his support of this idea by signing a law outlawing price gouging in the fuel costs.
But a new study shows the price spikes in fuel are caused by California's leftist-driven government, not the oil companies.
‘California's high gas prices are the "result of directed policies and a litany of regulations, taxes, fees, and costs,' says the study's author Michael Mische of the USC Marshall School of Business.
‘The data is overwhelmingly compelling. There is no evidence of price gouging, either by gas station owners or refiners or oil producers in the state — at least widespread.'
It turns out that things like having the highest tax on fuel in the nation, shutting down most of the oil drilling and the refineries in the state, and passing laws banning gasoline cars have an adverse effect on the price of gasoline.
And while it's tempting to think the saddest part of this story is that anyone spent the time and money to do this study at all; it's not.
The saddest part is that most Californians won't believe it's true.
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