Varsha Sarveshwar

now: petroleum market oversight, @CalEnergy | previously: @CAGovernor, @UniofOxford, @UCBerkeley | posts my own

[OrganizedMoneyPod @OrgMoneyPod]

Tai Milder, the inaugural director of a new division within the California Energy Commission @CalEnergy, joins @ddayen & @matthewstoller this week to talk CA fuel pricing & how states can shepherd energy markets.

Link in reply.

[Rory Johnston @Rory_Johnston]

A brief [updated] history of presidential oil market jawbones through the Hormuz crisis.

[Governor Newsom Press Office @GovPressOffice]

BREAKING: As the Trump Administration turns its back on consumers, California is stepping up!

@CAGovernor Gavin Newsom is appointing Rohit Chopra, the former director of the CFPB, to be the first secretary of California’s new Business and Consumer Services Agency — launching July 1.

[Dustin Gardiner @dustingardiner]

Scoop: Newsom appoints former CFPB head Rohit Chopra, who was fired by Trump, to lead California's consumer protection agency

https://t.co/uKRqbNBBmE

[Varsha Sarveshwar @vsarveshwar]

@LeeHepner @ChopraUSA !!!

[Patrick De Haan @GasBuddyGuy]

Kinder Morgan & Phillips 66 today said they're moving ahead to build a new pipeline to carry products from Texas to Phoenix, AZ into California- which could have a large positive impact on motorists in these areas connecting the West w/ major refineries in the Midwest. 2029.

[Patrick De Haan @GasBuddyGuy]

States with the largest percentage jump in average gas prices compared to a month ago:
Utah up nearly 54%
Tennessee up 46%
Idaho up 45%
Louisiana and Florida up 44%

[Patrick De Haan @GasBuddyGuy]

BREAKING: $4 is back. The national average has just reached $4/gal according to GasBuddy, the highest since August 8, 2022. The rise is now the largest monthly increase GasBuddy has ever recorded: $1.059/gal for gasoline, $1.701/gal for diesel.

[Varsha Sarveshwar @vsarveshwar]

@GasBuddyGuy CA is 17th in per capita gasoline expenditures - WV is higher: https://t.co/WKrpF6cUQK

[Governor Newsom Press Office @GovPressOffice]

Trump has reopened an oil pipeline that caused a massive oil spill off the coast of California that won’t bring prices at the pump down, but does put our communities and $51 Billion coastal economy at risk.

[Governor Gavin Newsom @CAgovernor]

.@BrendanCarrFCC is a disgrace.

The Trump Administration is walking away from its responsibility to protect consumers and competitive markets — putting corporate profits ahead of working families.

California is stepping up to fill that void.

[Bloomberg @business]

California’s energy regulator is keeping a close watch on the state’s gasoline market for potential price gouging as the Iran war spikes oil and fuel costs around the globe. Some gas stations are charging as much as $8 a gallon https://t.co/MjSYwHdN4y

[Los Angeles Times @latimes]

California’s petroleum market watchdog is warning about price gouging at some gas stations charging over $7 or $8 dollars a gallon as the Iran war sends oil prices soaring.

https://t.co/5iLbF9Bz90

[Rob Bonta @AGRobBonta]

Alongside @CAgovernor and @AirResources we’re challenging Trump’s rescission of the Endangerment Finding — EPA's 2009 science-based recognition that greenhouse gas emissions from cars contribute to air pollution that drives climate change and endangers public health and welfare.

[Varsha Sarveshwar @vsarveshwar]

"While retailers typically charge more for branded gasoline, all gasoline sold in California must meet the state’s high standards for emissions control and engine performance." 👇🏼👇🏼👇🏼https://t.co/vpsOFxTD3j

[Aaron Rupar @atrupar]

Hassett: "If the war were to be extended, it wouldn't really disrupt the US economy very much at all. It would hurt consumers, and we'd have to think about what we'd have to do about that, but that's really the last of our concerns right now."

[Patrick De Haan @GasBuddyGuy]

Americans today will spend $275 million more on gasoline than they did before the US attacked Iran, now totaling nearly $2.5 billion since the start.

[Ryan Cummings @weakinstrument]

I said this in the context of the Strait of Hormuz closure. There is nothing California can do about the current situation there.

If we have $140/bbl oil and $7/gal gas in CA it will be because of Trump, not Cap and Trade.

[Varsha Sarveshwar @vsarveshwar]

@nealemahoney @weakinstrument @ITV What's it like to be famous?

[Governor Newsom Press Office @GovPressOffice]

If Trump is serious about protecting Americans from skyrocketing gas prices, he should start by ending the war he started — a war he knew would hike gas prices and profit oil companies at the expense of hardworking Americans.

Instead, we get this political stunt: an emergency order that would add just 0.05% to crude oil production and do nothing to lower prices — a drop in the bucket that would do nothing to lower prices in a global oil market now surging because Trump’s Iran war has trapped 20% of the world’s oil supply in the Persian Gulf.

Trump's planned emergency order is just as lawless as his emergency tariffs that the Supreme Court recently struck down. If Trump thinks he can override California law and an existing federal court order with the stroke of his pen, we look forward to hearing what the federal court he’s defying has to say.