In California, the government collects far more per gallon of gasoline than Chevron (or any refiner) earns in profit.
Latest data (CA Energy Commission/EIA, Jan-Mar 2026):
- Taxes & fees: ~$0.90–$1.31/gal (state excise tax 61.2¢, federal 18.4¢, sales tax/UST ~12–14¢, cap-and-trade/LCFS ~23–37¢+).
- Refiner gross margin (costs + profit): ~40–60¢/gal.
- Chevron's net profit share per gallon: typically under 20¢ after all costs.
Taxes win by a wide margin. The Reuters earnings note in the quote reflects global upstream ops, not CA retail gas.
🚨 THEY WERE ALL SO YOUNG!
This heartbreaking video shows the innocent faces of young Americans whose lives were brutally stolen by illegal aliens
• Anya Varfolomeev, 19
• Nikolay Oskin, 19
• Ava Moore, 18
• Chloe Polzin, 21
• Halie Helgeson, 18 & Brady Heiling, 19
• Ivory Smith, 7
• Jocelyn Nungaray, 12
• Katie Abraham, 20
• Kayla Hamilton, 20
• Laken Riley, 22
• Dayanara, 11 & Maria Pleitez, 42
• Matthew Denice, 23
• Nate Baker, 21
• Rachel Morin, 37
• Mora Gerety, 8
All gone, murdered by people who should’ve never been here.
🚨#BREAKING: Father of 22-year-old Logan Federico is screaming at Democrats in Congress after his daughter was dragged from bed, forced on her knees, and executed...
...by a man arrested 39 TIMES with 25 FELONIES!!!
We need to hold judges & DAs responsible for releasing vicious murderers on innocent victims.
Everyone who let this demon walk freely, should be in prison.
Financial Literacy Month starts today.
It is my firm belief that Financial Literacy is what fuels the American Dream.
At @USTreasury, we are committed to providing the resources necessary to help jumpstart that journey through https://t.co/HuSxeWp7B7.
We live in the greatest country on earth and at the cusp of the 250th anniversary it is up to each of us to build a better foundation of financial knowledge so that we can ensure that United States thrives for the next 250 years.
Read more on our initiatives here: https://t.co/7KeUgCqmaf
Explore resources: https://t.co/dhdLfixBhT
I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.
By publishing this explicitly false story, the @FT has officially become tabloid trash for market participants.
Despite my direct, on-the-record denial of ever having advocated, explored, or espoused the idea that Chancellor-Bank of England statute serving as a prototype for a Treasury-Federal Reserve relationship, FT journalists manufactured a story with the headline, “Scott Bessent praised Bank of England as model for tighter oversight of the Federal Reserve.”
These pathetic journalists have clearly fabricated a story to give the impression that both I and the Trump Administration are setting “about restructuring the relationship… at a time when President Donald Trump has launched an unprecedented assault on the world’s most important central bank.”
Their mendacious assertion is based on vague statements from unnamed “financial industry executives familiar with the matter.”
In short, FT has literally manufactured an entirely fake policy position for me and the Administration. Other than furthering a maliciously false narrative of dysfunction and divisiveness, it baffles the mind as to why they would shred their already diminished journalistic credibility.
Over the past 10 years, I have written more than 20,000 words opining on the Federal Reserve decisions, personnel, structure, and modifications. Nowhere have I ever mentioned this ridiculous notion.
The Governor’s letters to the Chancellor have proven to be a useless and perfunctory device.
There is much to be said about the storied Bank of England, but any recreation of its operating framework on this side of the Atlantic has never been contemplated.
The shameful journalists and editors at the FT are shocking in their meretriciousness, lack of standards, and general intellectual libertinism. It is the worst tradition of Fleet Street to manufacture news rather than report on it.
They have brought irredeemable shame to their parent organization, Nikkei Inc., with whom I had previously held excellent relations.
In 2025, I laid out a comprehensive 6,000+ word review of each and every policy reform that I believe should be adopted by the Federal Reserve.
Read my actual, real thoughts on and proposals for Federal Reserve reform at the International Economy: https://t.co/0yQRXpMnK3
SECRETARY RUBIO on the G7: I don’t work for France or Germany or Japan. I get along with all of them on a personal level and we work with those governments very carefully.
But the people I'm interested in making happy are the people of the United States. I work for them.
When you see this label, it means exactly what it says.
Born here. Raised here. Harvested here. Processed here. 🇺🇸
No shortcuts. No exceptions. No confusion.
That’s Product of USA.
🔗 https://t.co/osaZYVs4LO