If you look at all the California gas regulations, taxes and fees, we’re paying $ 1.27 more [per gallon] from any other nation state. “It’s really sad,” Republican Rep. James Gallagher told Yahoo Finance Live (video above). “We have a double whammy, not only do we have high gas prices, but we have all these regulations and charges that make it even more difficult. And that’s why ours is much higher than anywhere else in the country. “ On Wednesday, Governor Gavin Newsom (D) announced his latest proposal for $ 11 billion in aid, including a $ 400 gas discount and free public transportation. Gasoline prices show up at a gas station in Los Angeles County, California, United States on March 20, 2022. (Photo by Zeng Hui / Xinhua via Getty Images) Under the plan, registered vehicle owners could receive up to $ 800 in gas discounts. The state plans to send $ 400 debit cards to people who own electric or other vehicles that do not use gasoline will qualify for the discounts. “I’m actually open to talking about discounts because in California we have a nearly $ 60 billion surplus and I think we need to give taxpayer money back to California taxpayers,” Gallagher said. “But the problem with what he proposes, and he even said it, [is that] as soon as they could [provide rebates] it’s july. “People need relief right now.” Lawmakers from both parties have been debating for weeks what to do about rising prices. “If the governor or the Democrats were just spending this holiday on the gas tax, it would immediately cut everyone’s price by 51 cents a gallon,” Gallagher said. “But the other problem we have in California is our regulatory environment. The lack of refineries really makes us gas [price] goes up.” In LA, there are six oil refineries pumping more than one million barrels, almost 60% of the capacity of the refinery in California. However, the average price for a gallon of standard quality gas is currently $ 5.91. The story goes on Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter: @daniromerotv Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard and LinkedIn
