When the husband of House Speaker and California’s own Nancy Pelosi was recently attacked and severely beaten with a hammer, it was reported the assailant David DePape had a reputation for posting racist remarks online, including content that questioned the results of the 2020 election, defending former President Donald Trump, and echoes of QAnon conspiracies.
Gas prices have a crippling hold on California drivers. As averages currently stand at $5.46 for regular and $5.80 for premium, what is the incentive for oil companies to lower their prices while their profits skyrocket?
California refiners Phillips 66 and Marathon reported profit increases up to 1,243% higher than last year. BP spent $2.5 billion on share buybacks; a strategy companies use to increase the value of individual shares when they know demand for their product will increase. These profits come despite the fact prices of crude oil are going down.