More regulations are not the answer to California’s high and volatile gas prices

girl pumping gas

By Kerry Jackson & Wayne Winegarden

California has an oil czar, and no, he’s not elected. Czars never are. Of course that’s not his official title, but Tai Milder, the first director of the Division of Petroleum Market Oversight for the California Energy Commission, recently made this first official policy proposal, and not coincidentally it has an autocratic tone to it.

In his Jan. 31 letter to Gov. Gavin Newsom, Milder offers a pair of “near-term options … (1) publishing a California spot market report and (2) establishing minimum inventory and resupply obligations on refiners.”

“It appears that spot market volatility, illiquidity, and lack of transparency may all be contributing to and exacerbating price spikes during periods of undersupply and refinery maintenance,” Milder said.

Click to read the full article in the Bakersfield Californian.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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