Severin Borenstein
Coverage of Severin Borenstein in the Nexus archive.
- Gas prices are high for July 4. California’s price-gouging fixes are still on the shelf
Gas prices in California remain above the national average, with Chevron stations charging significantly more than unbranded stations. A state investigation highlights a price gap between branded and unbranded retailers, while a federal lawsuit accuses Kalibrate and major retailers of using algorithms to maintain high prices. The debate over market practices continues as the state reviews its gas-price oversight laws.
- The Gas-Tax Reckoning
Gas prices have risen from under $3 to nearly $4.50 since February, prompting Congress to consider suspending the federal gas tax for the first time. Proposals from Democrats Mark Kelly and Richard Blumenthal, Republican Josh Hawley, and others face opposition, highlighting the gas tax's declining relevance despite its role in funding infrastructure. Experts argue pausing the tax would worsen infrastructure funding crises without significantly lowering prices.