California lawmakers renew profit crackdown after Chevron, Marathon post sky-high earnings

Record second-quarter profits at several major oil companies are giving California legislators fresh ammunition in their push against the industry, even as motorists in the state continue paying some of the highest gasoline prices in the nation.

The second-quarter earnings have sharpened a debate over what is driving fuel costs in California: global disruptions tied to war, state policy, or corporate pricing power in the state's unusually isolated gasoline market.

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