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Gasoline prices are trending upward, but ニューサム’s observations are quite intriguing. Recently, California Governor Gavin ニューサム has thoroughly refuted four myths about the government’s oil price measures.
Since Trump decided to launch a military attack on Iran, oil prices have surged sharply. American consumers are being forced to pay an average of more than $0.56 extra per gallon at gas stations. ニューサム’s team says on X, “This is the fact that Trump doesn’t want you to see.”
What’s interesting is the debate about abolishing gasoline taxes. The government claims that if taxes are eliminated, prices will drop, but ニューサム’s team points out, “As you can see from the example of Florida, tax exemptions only end up benefiting oil companies in the end. They don’t come back to drivers’ pockets.” In other words, companies are absorbing the difference themselves.
The regulations that California has introduced—SBX1-2 and ABX1-2—are designed to strengthen transparency and oversight of oil companies. Gavin ニューサム argues that these measures are what truly leads to effective price suppression.
Another shocking thing is that in just this one week, the extra amount that American consumers have paid in gasoline costs has reached $1.5 billion. The price of the government’s military decision is becoming a direct burden for consumers.
ニューサム’s team also suggests that the decision to go to war with Iran might be a move to divert attention away from controversies within the administration. They even bring up search trend graphs for the Epstein files, pointing out how unnatural the timing is. When you look at the relationship between the market and politics, it’s definitely worth keeping an eye on how such moves affect the real economy.