CA Makes More Per Gallon of Gas in Taxes Than Oil Companies Do in Profit

counterfeit dollar banknotes

When it comes to gas and oil prices, Democrats in California are facing increasing push-back, as the U.S. Oil and Gas Association and others blast claims that the Iran conflict, President Trump, or so-called corporate greed are responsible for the state’s prices, which are among the highest in the nation.  Advertisement Governor Gavin Newsom’s Press Office thought it would test its luck against Chevron, writing on X, “While America suffers, Chevron profits.”

For emphasis, the governor posted a picture of a Reuters article stating that Chevron expects to earn between $1.6 billion and $2.2 billion in the first quarter of 2026.  However, they got absolutely destroyed by a community note pointing out that the State of California actually makes more profit per gallon of gas than any gas company does in the state.

Source: CA Makes More Per Gallon of Gas in Taxes Than Oil Companies Do in Profit

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2 Peter 3:8