and valero hitting back, to your point.rupt, you are thieves, your profits are out of control, you are greedy, just blah, blah, bl. what valero is saying is, wait a minute, it's your regulations in this state causing gas prices to be so incredibly high. there is a statement from valero, from their vice president of government affairs, he responded and said california is the most expensive operating environment in the country, a very hostile regulatory environment for refining, adding further costs, in the form of taxes and regulatory constraints. it's only going to further strain the fuel market and adversely impact refiners. those costs get passed on to consumers. well, that's what's happening. now governor newsom was a special legislative session to be called in december to talk about new taxes, more taxes put on companies like valero that are refining in the state. here they are saying you're a bunch of greedy oil refineries, but we are going to taxi to the hills and take all your profits. which is it going to be in the

the chart is interpreted suggest twitter, valero and oxy could have upside.cautious on twitter but the other two wouldn't be some if the s&p caught a bottom here. let's go to kush. >> caller: yeah, my son has a question for you guys. >> yeah, absolutely. maybe kid has horse sense. take a listen. what's up? >> caller: my question was on the stock exxon like opec has cut down 2 million barrels per day of production and gas prices are steadily rising and so is the barrel of crude oil. what are your thoughts on the stock exxon. go patriots. >> i like the stock exxon. the kid does have horse sense. told you kush is smart. i'll tell you why i like exxon it got more aggressive management you're fine in exxon i buy some here and then if it goes lower glen in connecticut. >> caller: big boo-yah from connecticut and i love your show. >> thank you, partner. what's going on? >> caller: my question is about twilio, i'm averaging mid 70s, buy sell or -- >> i'm not recommending any stocks losing money. that said, it's got a chart bottoming and a company run by a terrific gu

and now as ktvu is, greg lee explains, the governor is doubling down after valero released its latestearnings report. they're screwing you. they're taking advantage of you gouging you following sunday's gubernatorial debate, governor gavin newsom continued slamming oil companies , accusing them of ripping californians off at the pump the third quarter profits that comes out next week and the week after and we'll see if they had your back during this stressful time. we'll see if the oil companies had your back this week, valero energy corporation reported making $2.8 billion from july to september, up from 463 million in the same quarter last year. newsome lashed out in a statement saying, as valero up their profits by over 500% in just a year, california's were paying for it at the pump instead of passing down those savings in response to the nation's highest gas prices, despite falling crude oil prices , newsom has called for a special legislative session on december 5th. he wants lawmakers to pass a windfall profit tax on oil companies and give it back to consumers. so far, there's

we'll see if the oil companies had your back this week, valero energy corporation reported making $2.8 billion from july to september, up from 463 million in the same quarter last year. newsome lashed out in a statement saying , as valero up their profits by over 500% in just a year, california's were paying for it at the pump instead of passing down those savings in response to the nation's highest gas prices, despite falling crude oil prices, newsom has called for a special legislative session on december 5th. he wants lawmakers to pass a windfall profit tax on oil companies and give it back to consumers. so far, there's limited details. price gouging penalty. to put money back in the pockets of people that are being taken advantage of its not only the right thing to do it's the moral and ethical thing to do. valero did not respond to our request for comment, but the company previously denied price gouging and laid the blame on the state's environmental regulations and energy policies . in response to the governor's comments, the western states petroleum association president said de

now the governor is doubling down after valero released its latest earnings report. our political reporter greg lee, joins us now to explain greg. the governor has not minced words when speaking about oil companies. he has railed against them as many californians deal with gas prices more than $2 higher than the national average. this weekend, he told reporters he was waiting to see third quarter reports and now he's calling these companies out by name. they're screwing you. they're taking advantage of you. they're gouging you following sunday's gubernatorial debate, governor gavin newsom continued slamming oil companies, accusing them of ripping californians off at the pump quarter profits that comes out next week and the week after. and we'll see if they had your back during this stressful time. we'll see if the oil companies had your back this week, valero energy corporation reported making $2.8 billion from july to september, up from 463 million in the same quarter last year. newsome lashed out in a statement saying, as valero up their profits by over 500% in jus

ktvu greg lee has more on the governor's response to valero's latest earnings report.hey're screwing you. they're taking advantage of you. gouging you following sunday's gubernatorial debate, governor gavin newsom continued slamming oil companies, accusing them of ripping californians off at the pump third quarter profits that comes out next week and the week after. and we'll see if they had your back during this stressful time. we'll see if the oil companies had your back this week, valero energy corporation reported making $2.8 billion from july to september, up from 463 million in the same quarter last year. newsome lashed out in a statement saying, as valero up their profits by over 500% in just a year, california's were paying for it at the pump instead of passing down those savings in response to the nation's highest gas prices, despite falling crude oil prices , newsom has called for a special legislative session on december 5th. he wants lawmakers to pass a windfall profit tax on oil companies and give to consumers. so far to put mone pockets of the right thing

was valero's response, quote, california imposed aggressive and expensive and environmental regulatory special blend of gasoline that can't be available. and refusing to have fossil fuel infrastructure. >> it ended permitting on the state to completely get rid of it. it starts with allowing what they do best, provide affordable energy to any state in the west. >> number 3 is what kevin was expressing, demonization of the industry. the plan to eliminate them brings me here. the refinery behind me, 120,000 barrels a day, fuel and diesel, it goes off-line next year, deny refineries in the state go down to 8 while they transition to process renewables in 2,024. it is part of the transition. the problem is you fill the gap with something and that is something california doesn't have and when you fill up your gas tank, but they are used to in california, i am from new jersey, are you kidding me? it is over $2,000 to fill up his truck and gas prices have come down. that is the state average, came down a bit. neil: they are not kidding with you are kidding me but function what are you doing? a

valero released its latest earnings report, valero made $2.8 billion from july to september. that's up close to a half a million dollars from this time last year. newsom says oil companies are responsible for the high cost of gas in california the ro announce eye popping profits for the last quarter. all the ones that operate in california. it's just they've made a boatload of money. we are going to have to figure out why the prices aren't more competitive in california governor newsom has called for a special legislative session in december december 5th to discuss the windfall profit tax. valero did not respond to our request for comment, but the company previously denied price gouge. jing and laid the blame on the state's environmental regulations and energy policies are time now. 5 57 drivers in solano county heading west on interstate 80 near cordelia have probably seen the smaller and much older truck scales out there near the highway. 12 junction, solano county now wants to raise $240 million to replace them with a more modern version, similar to the scales on the eastb

phillips response to those charges was measured, that is a good word for it, but valeros was anythingve operating environment in the country and very hostile regulatory environment for refining. california policymakers have knowingly adopted policies with the express intent of illuminating the refinery sector and essentially turning california into this fuel island, no permits, 0 have been granted for any type of oil infrastructure whether there is a pipeline or storage. >> made it virtually impossible to bring on new fossil fuel production in california or to increase refinery capacity in the state, the issues today are because of public policy in california and that public policy is spreading across the west and across the country. >> reporter: you philip a gallon of gas in california which for every gallon one dollar and $0.25 goes to taxes whether that is federal, state or environmental taxes and the governor is not done, he wants to add one more. a windfall profit tax on the same exact companies he has accused of price gouging and he actually called the special legislative sessio

valero made $2.8 billion between july and september, that is a 500% profit increase.ying the highest gas prices in the country, $5.64 per gallon as of right now. come on in, leoer the april -- lee owe terrell. you're in los angeles. do you think the governor should be taxing the awful profits of big oil companies? >> first of all, the governor who will never be become president, stuart. thanks for having me. heath now playing politics with oil. he's going to have a special session of the legislature to talk about a windfall tax profit. it'll never happen. it's his goal to try to distract from the fact that california has the highest gas prices, california declared war on the oil refineries, they do not want oil in this state. and, therefore, we have a problem because, essentially, he's trying to divert from his lack of energy supply in california regardless of oil. it's a smoke and mirror game, stuart. stuart: why do you think it will never happen? i mean, californians have never met a tax they didn't like. >> they need a two-thirds majority in both statehouses. they'

valero reportedly made almost 3 billion dollars from july to september.at's up 463 million dollars from last year. the governor says price gouging penalty on oil companies would give those record profits back to california ends because as he sees it, it was made on our backs. here's a look at the gas prices this morning. it's going to pay around the bay. they are continuing to drop slowly but surely everybody's under 6 bucks. is that a deal? san francisco 5.85, napa, 5.84 san jose. a dime less 5.75. oakland. a few pennies less. >> and vallejo fairfield 5.55. >> it's 5.41. we'll be right back. another. >> 5.44 developing story. the gap now is cutting ties with the former rapper kanye west now known as ye. yeah. the san francisco based company says it's going to remove all products that he has designed. we spoke with a jewish organization about why they encourage the company to take this stand. crawford's amanda hari has the story. >> typing yeezy gap dot com on your browser now takes you straight to gaps website. the san francisco based retailer announced

. >> is slamming valero is 3rd quarter financial report which shows the oil companies profits were. >0% higher. then last year, valero made almost 3 billion dollars from july to september, which is 463 million more. then they made last year. the governor says a price gouging penalty on oil companies would give those record profits back to californians. so that's what he wants because he thinks that they made that money off of our backs. let's take a look and what it's costing you right now to fill up your tank around the bay. still high prices, but they are coming down little by little everybody is a good amount under 6 books. as you can see, san francisco is the highest and this is the average 5.85. a gallon, a penny less in napa. san jose. 5.75. oakland, 5.74. and then the least expensive gas that we could find is on average a 5.55. and that's in vallejo, fairfield area. it is 9.41. and we'll be right back. (vo) it's a fact! two out of three americans who qualify for medicare do not receive all the benefits they deserve. you could be missing out! now anthem blue cross introduces a f

valero . gas prices shouldn't be this high . time to crackdown on oil prices gouging tactics and put their profits back into your pockets. the governor has been calling for a new tax on oil company profits. he is called for a special session of the legislature in december to address that issue. >>> very busy day news wise. let's take a quick break , and let's talk about the weather. we have a great weekend coming up. a lot of events. halloween things. >> everywhere , the haunting on jfk prom night. it's breezy. it's san francisco. >> it's fall. >> the weather is looking very cooperative for the last weekend in october. the weather still looks favorable for halloween on monday. let's get into the details of what we expect. more passing clouds overhead tomorrow. probably not going to be as substantial as what we had today. today's clouds were enough to help limit the warm up, along with a stronger onshore breeze. more sign in store on sunday. pushing the marine influence away from the coast. the breeze is still going to be present

ktvu greg lee has more on the governor's response to valero's latest earnings report.re taking advantage of you. gouging you following sunday's gubernatorial debate, governor gavin newsom continued slamming oil companies, accusing them of ripping californians off at the pump third quarter profits that comes out next week and the week after. and we'll see if they had your back during this stressful time. we'll see if the oil companies had your back this week, valero energy corporation reported making $2.8 billion from july to september, up from 463 million in the same quarter last year. newsome lashed out in a statement saying, as valero up their profits by over 500% in just a year, california's were paying for it at the pump instead of passing down those savings in response to the nation's highest gas prices, despite falling crude oil prices , newsom has called for a special legislative session on december 5th. he wants lawmakers to pass a windfall profit tax on oil companies and give it back to consumers. so far, there's limited details. price gouging penalty to put m

consequences of his point, energy policies and californians are seeing through that and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron, 4 news. and here's a look at the gas prices here in the bay area. >> they continue to drop in san francisco. a gallon of regular will cost you 5.85. that's down about $0.20 in the last month. just about a penny cheaper in napa in san jose is down to 5.75. a penny cheaper oakland as well. the cheapest gas in the bay area is in the valais fairfield area will air a gallon of regular will set you back about 5.55? a gallon. >> and the north, a santa rosa cops are going to be able to more effectively crackdown on sideshows. they'll soon be allowed to arrest everybody involved or watching. the city council approved that new ordinance last night. the santa rosa police chief spoke with us to explain how that will help. >> this now gives us a new tool. so it's a misdemeanor city ordinance and you can't arrest our site is up to the discretion of officers based on e

valero released its latest earnings report made $2.8 billion from july to september, close to half ars from this time last year. newsom says oil companies are responsible for the high cost of gas in california. all of the refiners are going to announce eye popping profits for the last quarter. all the ones that operate in california. it's just they've made a boatload of money . we are going to have to figure out why the prices aren't more competitive in california, has called for a special legislative session on december 5th to discuss the windfall profit tax. valero did not respond to our request for comment, but the company previously denied price gouging and blamed high prices on the state's environmental regulations and energy policies. that's it's planning to launch artemus, one from kennedy space center on november 14th weather and technology, of course, permitting admission will not carry a crew. but farther along the timeline. artemus three, is expected to land astronauts on the moon. the space agency's already running tests in arizona on the vehicle the crew will use on the

consequences of his point, energy policies and californians are seeing through that and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news. >> state regulators are proposing finding pacific gas and electric. more than 155 million dollars for. >> a deadly northern california wildfire in twenty-twenty. they say pg any failed to remove 2 trees which had been marked for removal. one ended up falling into a pg and e distribution line. and shasta county sparking the deadly zogg fire. regulators also want the utility to submit a plan showing that it will make sure trees marked for removal and locked into a database are removed pg and e which is facing criminal charges over the fire says it's reviewing the proposed fine. the fire burned 88 square miles 200 homes and left 4 people dead. all right. a check of our 4 zone forecast. take a live look over downtown san francisco tonight from our sutro tower camera. nice shot. there is a niceot and lauren suspects more cold weather coming. yeah. goi

and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news. >> well settles. a police are investigating a stabbing that critically injured. a woman police say that woman was stabbed about 6 thursday night on daffodil way near manzanita drive. it's not clear yet whether she's going to survive. there's no word yet on whether police have anyone in custody yet. we've got some good news for you out of castro valley where we brought you a story about a 6 year-old boy who was injured in a hit and run tuesday. investigators say that child has been released from the hospital and is doing ok, that incident happening on nunes avenue just off castro valley boulevard near 5, 8, the boy even crossing the road with his mother and was severely injured. well, chp updated the case saying it now has video that captured that crash. >> we watch the videotape we see on the videotape. the driver appears to slow after the impact with a juvenile in in o

heard manage from the beller, russian president, alexander lavish, and guy who says a russia and valero, have agreed to deploy a joint group of forces to ukraine the site fully. he also spoke about plans that to his intelligence services have reported to him about plans being concocted in ukraine to strike utter or utter belushi in interests and the infrastructure facilities. and he said that at that can't happen, and belarus will not wait for that to happen. so in response to that, he, and now's the creation of that joint foss with russia. remember that a bellows is the only country that is closest to us and that has come under sanctions because of its stars. to was the war in ukraine, in western eyes. bellows is just another, another completion of the, of russia. another territory that to is an almost belongs to russia in terms of b, b because of the, the, the amount of closeness. and since the fall of the soviet union bellows has always been the country that has never budged in terms of it's a strong ties with russia. and you can listen in the following statement by him to more detai

the balance of powers, valero naming, west declared itself center of the world. they had him on this. so leader of the world. and it's only, it's culture, it's will was, what mattered it, it was the start of a new age. but now that age is coming to an end, the unipolar world is coming to an end. we are standing at a crossroads and at a storage room. crossroads is him and said to see what awaits us. and she is a decade that would be the most important decade since the end all for world war 2 i jane a put, i'd say the dealer, the west is still trying to guide humanity along its path. but the most of the world does not wish to follow his gloves. and this is the main contradiction of the new era he will soon. so this is in fact a revolutionary situation because the powers list can no longer live when you shoot are continue the way they are and of the, the people do not wish to continue the same way. so this is a, an existential threat for the west. and this contrivance of this situation can not be resolved. ah, you. in fact, it can be resolved only if we work togethe

in the north bay $5.69 at the valero in vallejo on fairgrounds drive.samples but closer to 6 an 5. >>> looking a smooth flow of traffic, your typical slow drives through contra costa county. the metering lights were turned on. 15 minutes from a slight build to all lanes showing the backup right here. hov the carpool is your big advantage, that's three or mower. back to you. >> good to know. thanks, mike. >>> 6:11. layoffs coming as two big bay area companies make cuts on jobs. coming up, details on a nearly 300 layoffs. >>> plus we have a big boost to tell you about, it's expected if you receive social security. why monthly benefits are on the rise. >>> plus -- ♪ if i could turn back time ♪ ♪ if i could find a way ♪♪ >> well, cher probably wanting to turn back time on major real estate purchase more than 30 years ago. how you could soon own a piece of cher-idise if you have the money and the unique feature we're 99% sure your houseld we're 99% sure your houseld doesn'hot i'm mo... and this is osmo. that was pretty good, i think. we make magical games th

there's a valero selling gas for 669 nearby chevron is up to 679 for some filling at the tank means spending$100. the peninsula has even higher prices gas listed for $8 a gallon in menlo park hard to see abc 7 news. anchor karina nova joins us live now to explain what exactly could be bringing those prices down and how soon karina and dan this is very bad news for gas prices here in california. that's because we've seen the highest weekly increase of any state in the country. our gas has gone up 67 cents in a week according to triple a. average price for regular gas and

he tweeted quote, shell reported more than double their profits this quarter, valero saw more than a 500% increase in profits. gas prices should not be this high. time to crackdown on will's price gouging tactics. the governor has been calling for a new tax on oil company he is asking for a special legislative session to address the issue. >>> that is a view from the top of the sales force tower looking to the east. it is cold, you want the jacket. temperatures are down in some places in the upper 30s. concord is 47, oakland 46. a relatively warm 50 in san francisco. a cold front 38 in santa rosa. if we put this on the map, petaluma is 39. redwood city is at 40 right now. we do have cooler temperatures , a frost advisory this morning here in the bay area. but we do --mendocino county. -- --monday night between 7:00 and 9:00 --i have broad brushed this generally. but everywhere in the bay will be sitting at exactly the same temperature at 7:00. for this time of year, for that time of day, they really is not as big a spread across the bay, as you would find at other times of day or yea

he tweeted quote, schell reported more than doubled in profits this quarter, valero saw more than a 500% increase in profits. gas prices should not be this high. time to crackdown on will's price gouging tactics. the governor has been calling for a new tax on oil company profits. he is asking for a special legislative session to address the issue. >>> we are starting to see pretty light filling the sky out there. that is a view from the top of the sales force tower looking to the east. it is cold, you want the jacket. temperatures are down in some places in the upper 30s. concord is 47, oakland 46. a relatively warm 50 in sam cisco. a cold front 38 in santa rosa. if we put this on the map, petaluma is 39. redwood city is at 40 right now. we do have cooler temperatures , a frost advisory this morning here in the bay area. but we do -- mendocino county. -- 7:00 and 9:00 -- i have broad brushed this generally. but everywhere in the bay will be sitting at exactly the same temperature at 7:00. for this time of year, for that time of day, they really is not as big a spread across the bay as he

cheryl: maria, good morning again valero responding to accusations saying in part quote this, californiae not only adopted capitol hills excessive intent of eliminating refinery sector adding costs in the form of taxes regular straightens adversely impact refiners ultimately will be passed to california consumers the second highest gas tax in the country today's average 6.33, dollar 3 over enable average, get this governor gavin newsom talking about a lev session in december wants to increase taxes on greedy oil and gas spry companies, yeah? all right, cofounder phil sxhooit donating a million dollars to organ gop gubernatorial campaign shifting from, she said she would increase ad spending up against former speaker of oregon house of representatives, closely watched race out there, big action on gridiron week five of the nfl season lamar jackson game-winning field goal ravens against bengals baltimore takes control of afc north, tom brady and bucs befl benefiting from rousing the passer call short of potential falcons comeback many labeling that call one of the worst of the season tampa

it's crazy >> valero. i had bolero on last night i prefer valero.h for schlumberger is amazing for drilling i applied to work there. yeah, i did. >> before or after goldman >> before gold man. they looked at my resume and said, you're obviously in the wrong room we don't want anything to do with you. >> you're going to be out there on the rigs? what was the plan? >> you've been out there before. >> i was going to be an engineer keeps me out of being an engineer. >> nice. put that law degree to work. >> it's not too late >> i went in and i said, you guys are the greatest guys they said, no, we're trying to hire people that know something. oh, geez, i thought you could go in here and learn something. no, no, we're going for people who are actually good and competing, like going to halliburton. i said, all right, i'll go to another place. >> what are you going to do tonight? >> two stocks that are down badly. i'm going to explain why they shouldn't be down. and i think people should listen because they may be selling these very stocks and shouldn't be

valero ceo hit back at the policymakers who have knowingly adopted policies with the express intent of eliminating the refinery sector. the state requires refiners to pay very high fees and have burdened gasoline with the cost of fuel standards, which are very unique and on orous in the state of california. larry kudlow says he believes there is one person to blame for rising prices. watch this. >> the biden green new deal policies basically say it's okay to drill and produce oil and gas anywhere around the world except the united states. he went to saudi arabia but it didn't work out so well at opec+ cut back production. trying to get a nuclear deal with iran and back to begging with venezuela, another stellar democracy-loving american ally, not. >> it really is shocking, that policy. going to other places in the world and saying you are pumping a lot of oil. please lower the prices or give us some of that and yet we won't do it here at home to save our own situation. the "wall street journal" this headline. mid-term report card on biden's economy is clouded bio peck and fed moves. th

gillian, valero is responding to the accusations of price gouging, california is the most expensive operatingironment, directly from the company, from the country and hostile regulatory environment for refining. california policy makers have adopted policies with the expressed intent of eliminating the refinery sector. they require refineries to pay very high carbon cap-and-trade fees and burden gasoline with low carbon fuel standards. they are making the case california did it to themselves. >> gillian: yeah, and you know, i need not point out to our viewers that right here on the show we have asked countless government officials about the accusation of price gouging, from john kirby, and a president emergency advisor, to secretary buttigieg. if in the past an instant where the big energy companies gouged on the heels of a nationwide energy crisis such as the one we are seeing here in america today, and to a person, they all say essentially no without trying to say the actual word no, there is no evidence of that. >> sandra: that would not just be bad, but illegal activity and companies and

and valero are hitting back on the price gouging allegation, and says it's supply and demand, not oneompany. they are not raising to drill more, invest more in production because california has made it glaringly apparent the future does not lie there. but in green energy instead. >> sandra: and the consumer pays for that. kelly o'grady on that really important stories for us, thank you very much. >> gillian: 29 days until midterms, republicans are saying they are lasering in on the prime policies, take a listen. >> abram's crime plan, eliminate cash bail. the same scheme causing crime to surge in other states. >> he would release one-third of prisoners and eliminate life sentences for murderers. >> barnes has supported defund the police. >> it's getting much worse on kathy hochul's watch. on november 8th, vote like your life depends on it. >> gillian: several key races tightening, will the strategy make a difference. guy benson on fox radio, great to be with you in person. so, republicans nationwide now are hammering democrats on crime. this is proving fruitful in some key senate race

california's governor gavin newsom's administration is now saying to five refiners including valero,sically you're the guys doing price gouging. they're firing back, saying no, it is you guys, you democrats are ruining refining what we need to do with your demands in california. they're trying to force everybody to buy electric cars. they're begging state citizens not to charge them because of rolling blackouts. is california really going to be the trend-setting here the way to go on energy? >> i'll tell you i was just in california a couple weeks ago doing my part to help fire speaker pelosi and elect a bunch of republicans out there, liz. when i fueled up out there it was six bucks a gallon. right here in missouri it is $3.59. it is higher in california because of their reckless, regulatory policy. you can talk to any business owner that is in california. they tell you how difficult it is just to survive because of those liberal policies of one democrat rule in sacramento. elizabeth: saudi arabia is even saying that the u.s. has not built a new refinery in years. california's now g

valero saw a 500% increase in profits. gas prices should not be this high. time to crack down on orioles price gouging tactics and put their profits back into your pockets. while prices have dropped, california drivers pay significantly more than anyone else in the country. the average price of regular gas in california is $5.57 per gallon which is 1:81 higher than the national average but energy experts say the proposed tax would not help to lower the price of gasoline. >> what happened earlier this year in 2022 was a crude oil price increase. there's nothing we can do about that. that is a world market. >> the goal should be to get to the bottom of why companies are charging an extra $.30 - $.40 a gallon compared to other states even when he came take into account higher production costs. >>> to happier news, halloween festivities taking over the bay area. san francisco's great hwy., park , plenty of people came out this afternoon for the family-friendly halloween event and even the district attorney brooke jenkins was in on the fun . there was trick-or-tr

the companies include valero marathon and chevron prices jumped about a dollar in the last two weeks. blame california's regulations for preventing companies from producing more supplies and reducing costs. we have to import from other countries, and it takes a long time for oil commodity buyers to secure the oil where they want from what country put it on a tanker. have it come to california. this is actually the second time in which the fossil fuel cartel squeezed american and californian consumers twice to awaken massive profits. it's obviously corporate greed, plain and simple. now governor. newsom reportedly is considering a proposal to require oil companies to pass on some of their record profits back to taxpayers times. now. 5 25, california is just three days into this new water year, and the outlook is not looking good. ktvu tom vacar shows us the information and explains why this winter does not look promising. california just capped off the driest three years in state history. experts are predicting yet another dry year, the national weather service three month long range o

the company's includes valero marathon and chevron. two weeks, gas prices have jumped about a dollar. oil companies say california's regulations blocked them from producing more oil and reducing costs. we have to import from other countries, and it takes a long time for oil commodity buyers to secure the oil where they want from what country put it on a tanker. have it come to california. this is actually the second time in which the fossil fuel cartel squeezed american and, of course, california consumers twice to awaken massive profits. it's obviously ah, corporate greed plain simple. governor newsom is considering a proposal to require oil companies to pass some of their record profits back to taxpayers. garcia while you were talking, the word came in the country music star loretta lynn just died at the age of 90. she died peacefully in her sleep at home, but loretta lynn has just died. yeah and silent. no, you you follow music very carefully, but you have an awful lot of traffic to talk about as well. yes we do. uh as a matter of f

oil company valero is hitting back on price gouging accusations, pointing to the fact that oil pricesmined by supply and demand not a particular company. but reality these oil companies are not racing to drill or invest more because california has made it very clear that their future is not fossil fuels but green energy. back to you, liz. elizabeth: great reporting as always from kelly o'grady. welcome to the show former economic advisor to president trump, he is stephen moore. stephen, in california these officials have no more sense than a flock of geese. this oil and gas story it is about supply problems. eastern "the l.a. times" is saying newsom cut it out. you've been repeatedly warned over the last few decades california is vulnerable to supply shortages and sharp price hikes but they keep driving the freight train down a dirt road again and again making mistakes. >> well you're exactly right. by the way california is one of the most energy rich places in the planet. california has a lot of oil, a lot of natural gas. they could be using it. there is no reason they have to be imp

consequences of his point, energy policies and californians are seeing through that and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news >> and here's a look at where gas prices stand this morning. you can see they do continue to drop. >> slowly, san francisco averaging 5.82 a gallon right now. that's down about $0.30 in the last month. it's just a little cheaper in napa. as you can see, 5.76 san jose is 5.72 oakland, 5.70. so a couple of pennies savings there. the fairfield 5.51. on average. we're going take a break. time now is 5.52. sounds like a gas price will be right back. >> 05:54am. and this halloween horror fans and hollywood historians have a chance to take home. some all sure air copies of some classic thriller. oh, look at that. more than 100 vhs tapes are now up for grabs here and play very well. plan. also another thing you'll have to get another vintage piece of showcase auction is what they're calling it. and the collection includes some one of a kind items like an

stories from time to time but it happens less often but it does happen this time i'm talking about valerosical piece, the bowling chain with more than 300 locations across north america now, you might recognize them as cramer fav here is a stock that delivered a huge, huge quarter up almost 44%. this is a very unlikely winner bowlero is a spac. regular viewers know i normally hate anything connected to the spac wave and the last few years have been horrendous, just horrific most of them have been amazingly horrible money losers. we highlighted data where they found less than 10% of the post merger spac stocks were trading below the average down 51 %. bowlero bumped that trend. it started trading at $10 and now at $12.98 and somehow in an awful market where spacs are de desp des despised, this marched higher. what does it have going for you? i'll give you a heads up to look at this. i wore this especially for the show for starters, you need to know even though it a spac play, it's a throwback to the old days back when these special acquisition vehicles had a very different function in the

oil company valero also hitting back on price gouging accusation s pointing to the fact that oil pricesnot one particular company. i do want to highlight there have been previous investigation s into price goug ing. they have been thrown out because they haven't found anything, but jackie, it's important to admit that these oil companies they aren't racing to invest more, drill more, because california has made it very clear that green energy is the future, not fossil fuels. jackie: right and that when opec + cuts production by 2 million-barrels a day and brings the supply down globally that's when the price goes up. i'm just wondering did you talk to any consumers? what the are they saying about this? they choose to live in california. >> [laughter] i know, i'm one of those , right we've had people come back and forth today as we're at the gas station and they are saying you're reporting on gas prices? they're too high so you can just feel that frustration, jackie. jackie: yeah but i guess the good weather is still too much of a draw so they will pay over $6 at the pump, kelly. >> true

we are out of the culinary union headquarters here in las vegas, the culinary union is going to valeroe this morning to start off early voting. the union is typically good for a little bit of a boost in turnout, sometimes, as much as a point or two, powerful turnout machine for democrats in the state of nevada. they're going to need it in this race right now. the polling is consistently showing republican alec lacks off ahead by a point or two. he has been running primarily on economic issues. he's talking about inflation. he's talking about job recoveries for covid histories. he's talking about crime in the border, traditional republican issues, and that's allowed him to consolidate some report here. but the democrat, catherine cortez masto, is engaging on those issues, particularly trying to engage on those kitchen table issues with latino voters, but she's also trying to broaden the spectrum here about what issues are on the minds of nevada voters. she has tried to link laxalt's support for then president trump in 2020 and overturning that election to the rise and crime, saying he e

consequences of his point, energy policies and californians are seeing through that and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news >> so here's a look at the gas prices here in the bay area. they continue to drop in san francisco. a gallon of regular will cost you 5.85. that's down about $0.20 in the last month and just about penny cheaper in napa and san jose. it's down to 5.75. it's a penny cheaper in oakland as well. the cheapest gas in the bay area can be found in the valais. whoa, fairfield area where gallon of regular will cost you about 5.55. >> san jose police are investigating a stabbing tonight that critically injured a woman. police say that woman was stabbed about 6 tonight on daffodil way near manzanita not clear yet whether she will survive. there's no word yet on whether police have anyone in custody. some good news out of castro valley where a 6 year-old boy was injured in a hit-and-run yesterday. investigators now say the child has been released from the hosp

consequences of his point, energy policies and californians are seeing through that and we reached out to valero their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news >> time. still to come tonight, how the various celebrating the 50 year anniversary of the largest urban park system in america. and we have some sunshine around the bay area lately. well, could we soon see some raindrops will talk about that long forecast is coming up next. >> tomorrow marks 50 years since the golden gate, national recreation area was established. it has welcomed more than 15 million visitors over the years across its more than 82,000 acres of coastal and urban lands. we're lucky to have. it includes alcatraz crissy field. the marin headlands stinson beach, san francisco's presidio. the list goes on and on. and the national park service along with bay area. lawmakers came out today to mark this occasion. >> and then just soon as i got here, the owners said they were going to leave the presidio. so ahead, their sponsor ability to make

valero made almost 3 billion dollars from july to september. that's 463 million more than they made the year before. the governor says a price gouging penalty on oil companies would give those record profits back to californians. in the meantime, we're paying. and so let's take a look at what the prices are at the pump on average around the bay. san francisco, the highest prices right now, 5.85, on average penniless an app. and if you go down the line, it looks like vallejo fairfield has the i'm not going to college cheap, but the most basic least expensive, though he could the least offensive or >> for your health this morning, scientists from around the world say the global dependence on fossil fuels actually making people sicker and weaker. a report from the medical journal lancet says that air pollution from the burning of fossil fuels kills roughly 1.2 million people every year with nearly 12,000 deaths here in the u.s. global carbon dioxide emissions last year rose to their highest level in history with the international energy agency exp

there's a valero selling gas for 669 nearby chevron is up to 679 for some filling at the tank means spending triple digits over $100. the peninsula has even higher prices gas listed for $8 a gallon in menlo park hard to see abc 7 news. anchor karina nova joins us live now to explain what exactly could be bringing those prices down and how soon karina and dan this is very bad news for gas prices here in california. that's because we've seen the highest weekly increase of any state in the country. our gas has gone up 67 cents in a week according to triple a. average price for regular gas and sonoma napa san francisco and san mateo counties is all of 640 a gallon some stations as you just saw across our state are seeing gas hit the $7 mark in menlo park. there are several gas stations. they had 789 a gallon for regular. premium is 8:39 compare that to the national average of 379 a gallon. that's more than double. triple-a says higher gasoline demand and tight supply and fluctuating oil prices have increased the national average governor newsom put out a video statement today attacking what he c

. >> new at 10 governor newsom is slamming valero is 3rd quarter financial report which found the oilts were 500% higher than last year. a letter reportedly made more than 2.8 billion dollars from july to september. that's up from 463 million last year. the governor says the price gouging penalty on oil companies would give those record profits back to californians. >> none of the 4 zone forecast as we give you a live look outside at the san francisco on what is going to be a chilly night. yeah. cold weather settling in around the bay area tonight. that's for sure. and back into the 30's, i think in some of the valleys overnight tonight up there, we do have a cold front that's on the way that will change the weather as well as we head toward tomorrow and eventually we're hoping one of these punches through strong maintains that strength. bring us a little we are going to notice those changes coming our way. in fact, the temperatures already beginning to cool down in part the bay area. now you're down to 48 degrees in the bottle. also into santa rosa. 53 in napa. cool. 49 in half moon

valero reportedly made almost 3 billion dollars from july to september. that's up from 463 million dollars from last year. according to the nonprofit consumer watchdog, the leros western region profits, which kind come from its california refineries exceeded $0.60 a gallon the governor announced he is calling a special legislative session on december 5th for lawmakers to take action. what he described as price gouging by oil companies. and here's a look at the gas prices. as you head out the door today, they do continue to drop in san francisco. a gallon of regular will cost you 5.85. that's down about $0.20 in the last month. just about a penny cheaper in napa, though. and in san jose, it is down to 5.75. a penny cheaper in oakland and the cheapest gas in the bay area is in the valais hope fairfield area where a gallon of regular will cost you about 5.55. carmaker. kia is issuing the recall once again on its small suvs after reports of more engine fires, the recall would affect nearly 72,000 sportage suvs from 2008 2009. the company says these were recal

the california energy commission demanded five major oil companies including chevron, marathon and valeroexplain the nearly dollar price by californians have seen at the pump over the last two weeks despite anticipated refinery issues. state leaders have said . it doesn't add up. this is actually the second time in which the fossil fuel cartel squeezed american and, of course, california consumers twice to awaken massive profits. it's obviously corporate greed, plain and simple because of the prices you're paying right now at the pump, some state lawmakers and the governor say gas companies are making huge profits. now state lawmakers and the governor are seriously considering a proposal that would require gas companies to pass on some of those profits back to you, the consumer through a new tax oil producers when prices are the profits are very excessive and put that into a fund, which goes back directly to people, but expect pushback from petro companies. governor newsom for you. years has been tightening the screws on the oil industry and what ends up happening is you're tightening the

and we reached out to valero for their side to this. but to not hear back as of news time reporting here outside the california state capitol eytan wallace kron. 4 news. >> let's take a look at prices of gas for here in the bay area. they are dropping in san francisco. a gallon of regular will cost you 5.85. that's down $0.20 in the last month. it's just about a penny cheaper in napa in san jose. it's down to 5. 75 a penny cheaper in oakland, the cheapest and that's still pretty expensive gas in the bay area's in the valais whole fairfield area where a gallon of regular will cost you 5.55. still ahead here, 3 multiple cars on fire in san leandro overnight. we'll tell you exactly what firefighters had to do to put this fire out. plus, drivers who own a certain kia models being warned this afternoon. we'll tell you about the. recall. tell you about the. recall. the carmaker just issued. care coalition, where are we on alaska airlines? we found that people are raving about their customer care. i mean, take a look at this! wow! [dog barks]

then last year, valero made almost 3 billion dollars from july to september 463 million more than theyenalty on oil companies would give those record profits back to californians. because he thinks, you know, they made it our backs and continue to make money. will the price going down a bit? as you can see here? >> in our survey of bay area, gas prices, san francisco is on top, which is not a good thing in the survey 5.85, the most expensive >> in the bay area right now. and this is the average. so napa is just below san francisco. then come san jose. looks like the cheapest gas that we found was a fairfield area there charge about 5.55. a gallon. >> for local election headquarters, an attorney general rob bonta launched a task force to protect reproductive rights across the state. bonta says the task force will focus on prosecuting what he calls crimes of intimidation. you want to go after people who are waiting outside of abortion clinics. >> are asking women who go out or who go in trying to convince them not to get an abortion. >> and also this would enforce consumer protection law

answers on why prices are so high in a letter sent to the california energy commission last week, valeroid maintenance that has been underway at its refineries has been standard is that high gas prices in california because of higher operation costs for the company? and because of limited supply as demand goes up. it also called california the quote most challenging in the market or the most challenging market, i should say in the u. s. governor newsom on friday said he's going to call a special session of the legislature to address the rising gas prices. and it's 7 10 right now we do have traffic that is going to be busy around the east bay. but it's not as busy as it normally is, because today is a holiday for most, let's start off with the shot. everyone always wants to see. and that's the bay bridge. it was more crowded now. things are better, and we've been looking at highway four. we have some crowded conditions there. but if you do have to go the consolation prize is that it's easier than normal. we've had a couple of problems approaching from tracy in deliver more on the ultimate

valero is also hitting back on price gouging accusations, pointing to the fact that oil is determined by supply and demand, not a particular company. but the reality is that these oil companies, they're not racing to drill more produce more because california has made it very clear that the future does not lie in fossil fuels, but green energy. i'm kelly o grady with fox business back to you. all right, well with companies switching to permanent hybrid or remote work now, what about those who make the physical offices work like those in the service industry will look at the efforts to strike a balance as changes continue across the corporate landscape and as investors await some key inflation reports coming out later on this week, stocks today on wall street relatively flat. the dow up slightly 35 points and nasdaq dropped 135 points in the s and p was down 26. and a barrier of weather or pattern is kind of static out there with lots of low clouds and fog for the coastlines of mild temperatures inland. we'll see if things a lot change around in our ok, floor and decor, show me what yo

answers on why gas prices are so high and a letter to the california energy commission last week valerotandard maintenance is underway at its refineries and said high gas prices in california are the result of higher operating costs for the company and limited supply. it also called called california the quote, most challenging market in the us the governor. newsom said friday he will call in a special session of the legislature to address rising gas prices. was your phone still flooded with robo calls and texts, while the fcc is expected to take action on some phone carriers that are still letting those rubble calls through. heather sullivan has details. phones are buzzing with a surge of scams from robotics, fake messages that look like they're about an amazon delivery bank payments covid-19 alerts, even bogus school bus alerts. click on this link to see if your kids bus will be like, okay, cool boom. and now suddenly somebody has access to your bank account login or something like that. so it's a huge problem. it's a growing problem. robo killer report spam text have surged from one