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Wednesday, January 15, 2025

In battle with Big Oil, Newsom rips into Valero’s 500% rise in profit amid soaring gas prices

Gov. Gavin Newsom on Tuesday took aim at Valero Energy Corp.’s “record profits” this year as gasoline prices soared, escalating his battle with the powerful oil industry. In a statement, Newsom renewed his call for a price-gouging penalty “to put these profits back in the pockets of …

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