How States Can Regulate Big Oil

This week, we’re continuing a recent Organized Money conversation in order to answer the question: Why is California’s gasoline so damn expensive? Famously, California has higher fuel standards than the rest of the nation, as well as higher gas taxes, but that’s only one part of a much more complex pricing picture. 

Today on the show, we welcome Tai Milder, the inaugural director of an exciting new division within the California Energy Commission that regulates oil and gas. He is also an antitrust veteran at the U.S. Department of Justice and the California Department of Justice. Tai helps us complete the picture, explaining how taxes and regulation contribute to prices, but also the outsized effects that pipelines, consolidation, refining, and franchising have on the prices consumers pay at the pump.