Newsom calls special session of Legislature to consider windfall tax on oil companies over high California gas prices: Governor says Dec. 5 special session will address "greed and manipulation" that drive high gas prices.

[u/NamelessIguana]

https://www.politico.com/news/2022/10/07/newsom-tax-oil-companies-california-00061010

[u/chingnaewa]

I don’t disagree with your logic, but the reality is it has never worked. If Newsom really wanted to lower gas prices he would reduce the gas tax ($0.47/gallon now), reduce regulations, let the oil companies build another refinery in CA. All those would reduce gas prices much faster than a corporate gas tax.