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Valuetainment

“$8 Dollar Gas?” - Gavin Newsom’s Gas Gamble Could Cost California Residents BIG

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 14 May 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

A new study predicts California gas could hit $8.43 in 2025 due to refinery closures and regulatory pressure. Even Democrats like ex-LA Mayor Villaraigosa are warning that Newsom’s climate policies are driving prices up. With ripple effects expected in Nevada and Arizona, the PBD Podcast breaks down what this means for blue state residents and the 2024 race.

Transcript

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0:00.0

By the way, for some of you guys, you know, live in California, we always like to bring good news to you guys.

0:05.2

It's like one of the things we're fully committed to, our friends there, $8 gas.

0:09.7

New study reveals it may come to Blue State next year triggering bipartisan concern.

0:16.0

But when you're that loyal to the state of California, you're going to stay for it.

0:19.0

Are you kidding?

0:19.9

You want to be the first to hit the $8 gas and brag about it and tweet about it. So University of Southern California

0:25.2

professor Michael Mischie study predicted California gas could hit $8.43 in 2025 due to closure

0:33.1

of Philippies, Phillips 66 Los Angeles and Valero Benicia, refineries, warning any disruptions

0:40.2

to oil and foreign gasoline supply will exasperate.

0:43.1

California's gasoline dilemma and driver prices impacting California, Nevada, and Arizona

0:47.6

per Monday analysis reported by Foxwood's Democratic Governor Newsom press office called the study

0:54.0

unsourced but posted on X.

0:56.4

The governor directed the state to redouble efforts to work with refineries to ensure a safe and affordable and reliable supply of gasoline,

1:06.3

while former L.A. Mayor Antonio Villegroza, a Democrat, responded,

1:15.0

if we continue to drive a refineries out of California, gas prices will soar and disproportionately affect those who can least afford it.

1:18.7

What a weird thing to say.

1:19.9

All these guys are becoming conservatives and capitalists all of a sudden,

1:23.0

urging balanced climate policy.

1:25.0

Tom, your thoughts?

1:26.1

Well, I'm scared to say this, but I actually agree with Antonio Villarosa.

1:31.6

Oh, weird.

1:32.5

He is correct.

...

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