• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Newsom under fire as California gas tax hike sends pump prices even higher

by June 29, 2026
written by June 29, 2026

FIRST ON FOX: California motorists are set to pay even more at the pump starting Wednesday as another gas tax increase takes effect, prompting some of the state’s Republican lawmakers to warn that added costs will further squeeze residents already shouldering some of the highest fuel prices in the nation.

California’s GOP congressional delegation, led by Rep. David Valadao, R-Calif., is urging Gov. Gavin Newsom, D-Calif., to suspend the planned 2.2-cent-per-gallon hike, which would raise the state’s excise gas tax to 63.4 cents per gallon.

The lawmakers say that figure doesn’t include the state’s sales tax and other local fees, bringing the total surcharge burden to about $1.15 per gallon at California pumps.

“According to AAA, the average price of gasoline in California is currently $5.58 per gallon—the highest in the nation and $1.65 above the national average,” the lawmakers wrote Friday in a letter sent to Newsom. “Instead of further unaffordable increases to California’s gasoline excise tax, we urge you to prioritize commonsense energy policies that will provide meaningful relief for all Californians.”

STEVE HILTON: GAVIN NEWSOM’S $9 GAS NIGHTMARE LOOMS OVER THE GOLDEN STATE

Of the average $5.58 price per gallon cited by the lawmakers, about $4.43 reflects the cost of gasoline, with the rest going toward taxes and fees.

California GOP Reps. James Gallagher, Tom McClintock, Vince Fong, Jay Obernolte, Young Kim, Ken Calvert, Darrell Issa, and Kevin Kiley, I-Calif., also signed the letter. 

Valadao has repeatedly urged Newsom to suspend California’s gasoline excise tax increases in recent years, which are indexed to inflation and rise annually.

The policy dates back to a 2017 California transportation law that raised the state’s fuel taxes to help fund road, highway and transit projects. Voters rejected a 2018 ballot measure to repeal the law, allowing the annual excise tax increases to remain in effect. 

Newsom has balked at scrapping the fuel tax hikes, arguing a temporary gas tax holiday or repeal effort would jeopardize the state’s road repair programs, and he blamed President Donald Trump’s war against Iran for sending fuel prices higher. He has also dismissed the idea that suspension efforts would lead to lower prices at the pump. 

“Repealing gas taxes wouldn’t lower prices at the pump — it would hand oil companies a massive tax break with no guarantee that a single cent would be passed on to drivers,” Newsom’s office wrote in a March press release.

NEWSOM KNOCKED FOR ‘INSANE’ CALIFORNIA GAS PRICES AFTER BLAMING TRUMP FOR RISING COSTS

Republicans have sharply criticized Newsom for pursuing policies they argue have raised energy prices in the state, which in turn can make everyday life more expensive. 

Two major California oil refineries operated by Valero and Phillips 66 closed down this year in part due to the adoption of stringent climate regulations and fuel standards that threatened the economic viability of their operations. Less fuel-making capacity means the state has to purchase more crude oil and gasoline outside California — often from abroad at a higher price.

Because California lacks pipeline connections to the major oil-producing parts of the country, it imports roughly three-fourths of its crude oil, while domestic production continues to decline. About one-third of those imported barrels come from the Middle East, leaving the state especially vulnerable to fuel price spikes as the war against Iran disrupted shipping through the Strait of Hormuz.

Chevron moved its headquarters to Houston in 2024 after operating for more than 140 years in the Golden State — a decision that was attributed to Texas’ more business-friendly corporate environment and California’s aggressive environmental policies that pushed fossil fuel companies out of the state.

Newsom has also backed a goal for California to halt all oil extraction in the state by 2045.

“California drivers pay almost $2 more per gallon than the national average, yet Governor Newsom continues to advance policies that will drive prices even higher,” Valadao said in a statement to Fox News Digital. “Central Valley families are already feeling the strain of California’s high cost of living, and they can’t afford to pay an extra 71 cents per gallon every time they fill up their tanks.”

“It’s past time for Sacramento to stop these harmful price hikes, prioritize domestic energy production, and ease the burden on hardworking Californians instead of adding to it,” he added. 

A Fox News poll released earlier in June found that just 23% of voters approve of Trump’s handling of gas prices.

A spokesperson for Newsom did not immediately respond to a request for comment. 

<!–>

–>

0 comment
0
FacebookTwitterPinterestEmail

previous post
Biden’s illegal immigration surge caused higher rent and home prices, Fed study finds
next post
Marvell stock gets fresh boost as UBS raises price target on AI-driven CXL demand

related articles

Dem House hopeful’s delayed disclosure reveals mystery payments...

August 29, 2026

El-Sayed dragged over ‘weird’ fixation on ‘talking about...

August 29, 2026

Trump’s tougher round-two birthright citizenship strategy hinges on...

August 29, 2026

GOP firebrand targets booming business letting foreigners exploit...

August 28, 2026

Mail-voting crackdown moves ahead as Trump court win...

August 28, 2026

Dems derided Trump’s midterm gamble — until he...

August 28, 2026

Socialist mayoral candidate ignites online mockery for touting...

August 28, 2026

Trump keeps winning Republican primaries; his losses may...

August 27, 2026

Dem’s metldown over ‘terrorist sympathizer’ Hasan Piker triggers...

August 27, 2026

House GOP subpoenas doctor behind ‘Have My Baby...

August 27, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Dow hits record high as Iran deal hopes, SpaceX rally lift stocks

    June 15, 2026
  • YMCA campers in N.J. sickened after eating chocolate laced with mushrooms

    July 27, 2026
  • Enphase stock jumps on data center AI opportunity and new product launch

    June 18, 2026
  • Rocket Lab stock stuck above 200 EMA: Is it a buy after the NASA deal?

    June 29, 2026
  • Paramount accuses Netflix of ‘scorched-earth’ campaign against Warner Bros. deal

    June 10, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (527)
  • Investing (968)
  • Stock (75)

Latest Posts

  • Elon Musk loses trillionaire status as SpaceX, Tesla selloff wipes out billions

    June 24, 2026
  • Nvidia stock is rebounding 2% today: are competition threats getting serious?

    June 18, 2026
  • Mamdani warning to wealthy New Yorkers about ‘fair share’ sparks online firestorm: ‘Full blown communist’

    July 24, 2026

Recent Posts

  • Why are Vistry, Taylor Wimpey, Barratt Redrow, Persimmon shares falling?

    July 9, 2026
  • $10,000 in each of QQQ, TQQQ, and SQQQ 5 years ago: Here’s the result

    July 16, 2026
  • Democrats’ civil war heads to Michigan where progressives face biggest test yet in high-stakes Senate showdown

    July 6, 2026

Editor’s Pick

  • Bond yields fall after Treasury announces surprise move to ease rising rates

    August 20, 2026
  • Tlaib moves to block ICE airport arrests, says TSA helping target immigrants

    August 5, 2026
  • Acting Director of National Intelligence announces 4th wave of layoffs

    July 27, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock