By Kiet Do : cbslocal – excerpt
BERKELEY (KPIX 5) — A University of California, Berkeley professor is drawing attention to a gasoline “mystery surcharge” in the state – unexplained price increases in gasoline which have cost drivers $20 billion since 2015.
Severin Borenstein, professor at UC Berkeley’s Haas School of Business and former chairman of the state’s Petroleum Market Advisory Committee, has spent several years crunching the numbers, trying to account for the state’s gas prices, some of the highest in the country.
“I’m very confident in the calculations, it’s really basic arithmetic,” said Borenstein…
In January, 19 state legislators sent a letter to Attorney General Xavier Becerra asking him to lead a formal investigation. Becerra has not publicly commented and the state Department of Justice typically does not announce investigations.… (more)