business / news / / Los Angeles Times
Gov. Gavin Newsom suggested Chevron could be gouging its customers.
Gov. Newsom publicly urged residents to avoid Chevron for higher gas prices this Memorial Day.
KEY POINTS
- Chevron's campaign blaming California policies for high gas prices began three years ago.
- Chevron holds a 19% share of California's gas market with over 1,600 stations statewide.
- Chevron's 2024 retail margin was 84 cents per gallon, with a 48-cent gap over unbranded stations.
- Chevron relocated its headquarters to Texas in 2024 due to complaints about California policies.
COMPANIES
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