Newsom's plan for free gas cards will drive prices, inflation even higher, expert warns
BNY Mellon head of market strategy talks rising gas prices and renewable energy
Daniel Tenengauzer, Burt Flickinger and Scott Redler discuss how the rise in gas prices will affect the stock market and how consumers are responding on ‘The Claman Countdown.’
An oil and gas prices expert warned that California Gov. Gavin Newsom’s plan to give out free gas cards will drive up prices and inflation even higher.
Newsom turned heads on Thursday when he announced his proposal for $400 gas rebate cards to be given to Golden State motorists to offset the skyrocketing gas prices.
Patrick De Haan — who runs the gas price-monitoring service GasBuddy — was quick to express this concern, tweeting several times about how bad of an idea Newsom proposed.
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