July 4, 2025 - SACRAMENTO – Ahead of an expected record-breaking holiday weekend for travel, Californians are seeing the lowest July prices at the pump in years. This comes after Governor Gavin Newsom has taken repeated actions to increase transparency on Big Oil’s balance sheets — putting people over record profits — and another that will give the state more tools to require petroleum refiners backfill supplies and plan ahead for maintenance, helping keep supply and demand more stable.

Additionally, Republicans spent the last 6+ months fearmongering about a supposed “65 cent jump” in price at the pump on July 1, which DID NOT happen. In fact, prices at the pump have gone down leading up to, on, and after July 1, 2025 — the opposite of what Big Oil Republicans claimed would happen.

Source: Office of the Governor