After months of empty promises to lower the price of gas, the Governor signed into law SBX1-2, which will create a new bureaucratic agency empowered to control the price of gas and impose taxes. Vice Chair of the Assembly Budget Committee – Assemblyman Vince Fong (R-Central Valley) – issued the following statement:
“The Governor’s proposal, modeled after ideas that have empirically failed, will disrupt the energy market and ignore economic reality where ultimately every single Californian will bear the direct as well as the unintended consequences and costs.
“If the Governor is serious about lowering gas prices and safeguarding the environment, he should reevaluate his own policies that make gasoline more expensive and limit supply, and approve the thousands of permits for more domestic production that are sitting on his desk.
“Judging by the lack of debate and public input, the Governor isn’t open to real solutions to lower gasoline prices.”
“The Governor’s proposal, modeled after ideas that have empirically failed, will disrupt the energy market and ignore economic reality where ultimately every single Californian will bear the direct as well as the unintended consequences and costs.
“If the Governor is serious about lowering gas prices and safeguarding the environment, he should reevaluate his own policies that make gasoline more expensive and limit supply, and approve the thousands of permits for more domestic production that are sitting on his desk.
“Judging by the lack of debate and public input, the Governor isn’t open to real solutions to lower gasoline prices.”
