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USOGA rebukes Rep Khanna over blame for high California gas prices
‘The Big Money Show’ discusses the U.S.-Iran ceasefire and energy prices as President Donald Trump warns Iran ahead of key negotiations.
The U.S. Oil & Gas Association (USOGA) fired back at Rep. Ro Khanna, D-Calif., on Saturday night, rebuking narratives from Democrats in the deep blue state about gas prices, which include high state taxes.
“High gas prices in your district aren’t ‘Trump’s war’ — they’re Sacramento’s doing,” the X account run by USOGA President Tim Stewart wrote in a direct response to Khanna.
“California drivers pay nearly double the national average in state taxes, plus cap-and-trade, Low Carbon Fuel Standard, unique reformulated gasoline, refinery limits, and geographic isolation that blocks cheap imports,” he added. “That adds $1.00–$1.78+ over the U.S. average.”
Khanna was attempting to blame Trump for Saturday’s gas prices near his congressional office.
NEWSOM KNOCKED FOR ‘INSANE’ CALIFORNIA GAS PRICES AFTER BLAMING TRUMP FOR RISING COSTS

Rep. Ro Khanna is blaming President Donald Trump for rising gas prices, but he wants to tax the oil higher, something the U.S. Gas & Oil Association says historically fails to lower costs on consumers. (Pedro Pardo/AFP via Getty Images)
“Trump’s immoral and reckless war in Iran has shot up gas prices in my district to nearly $6 a gallon,” Khanna wrote in a Saturday X post, sharing a video of him standing in front of a gas station price menu in his Santa Clara, California, district, blaming the “illegal and immoral war in Iran.”
“Stop the war, stop exporting our crude oil, and pass my windfall profits tax on Big Oil to give Americans a rebate for their gas bills,” he said.
OIL CEO URGES NEWSOM TO DO THE ‘MATH’ AS CALIFORNIA GOVERNOR VOWS TO STOP OFFSHORE DRILLING
Stewart’s X post also rejected Khanna’s calls for a further “windfall profits tax on Big Oil,” saying history should be the guide and arguing windfall profits tax policies historically backfire.
“They don’t work,” the post read. “While you don’t call it a windfall profits tax, California recently passed one and called it a ‘wealth tax’ now you see high net worth individuals fleeing your state. History proves it backfires.”
In the post, USOGA cited the 1980 federal windfall profits tax reduced domestic production, increased imports and generated less revenue than expected before its repeal.
California gubernatorial candidate Steve Hilton has the latest on the rising prices on ‘The Bottom Line.’
GAS PRICES SURGE, PINCHING AMERICANS AND HANDING THE GOP A NEW MIDTERM HEADACHE
“Your proposed windfall profits tax will do nothing to bring relief to your overtaxed and underappreciated constituents,” he continued. “Instead – suspend those state-level taxes first and bring California prices in line with the national average. Put your state bureaucracy on a diet. They could stand to shed a few pounds. Encourage California domestic oil and gas production and expand your refinery capacity instead of shutting it down. Stand up to your Governor. You know he is wrong and you can be on the right side of things.”
Khanna recently reintroduced the Big Oil Windfall Profits Tax Act, framing it as consumer relief.
OIL, GAS PRICES JUMP AS TRUMP FLIRTS WITH STRIKING IRANIAN OIL INFRASTRUCTURE

A sign shows gasoline prices approaching $8 a gallon at a Mobil station in Los Angeles on Oct. 5, 2023, under President Joe Biden. (Patrick T. Fallon/AFP via Getty Images)
“Your repeated sponsorship of a new Big Oil Windfall Profits Tax Act would repeat the exact same mistake — shrinking U.S. output and raising costs,” USOGA’s post added.
TRUMP SAYS US ‘OBLITERATED’ TARGETS IN STRIKE ON KEY IRANIAN OIL HUB
Harris Financial Group managing partner Jamie Cox joins ‘Mornings with Maria’ to break down market resilience amid Iran tensions, oil supply uncertainty, and what the conflict could mean for inflation, interest rates and U.S. economic growth.
Stewart’s post concluded with a warning to end the war on oil and allow capitalism to bring costs down for consumers.
Tortoise Capital senior portfolio manager Brian Kessens explains why he is bullish on energy despite its volatility on ‘The Claman Countdown.’
“Please stop shifting blame to ‘Trump’s war’ or federal policy while California’s own choices keep your constituents paying the highest pump prices in America,” the post finished. “Real relief comes from more American supply + streamlined permitting, not recycled 1980s taxes or more restrictions. Energy abundance, not rhetoric, lowers prices and bolsters U.S. and allied security.”
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Energy Secretary Chris Wright also weighed in on the battle for lower gas prices in the high-tax states.
“President Trump got elected on an energy dominance agenda, and he got elected to represent 342 million Americans, every American in every state — including in California,” Wright wrote on X. “We don’t care what state you’re from; we want every citizen to have access to affordable energy.”
Business
Barron Trump SOLLOS yerba mate brand announces pineapple coconut flavor
Check out what’s clicking on FoxBusiness.com.
First son Barron Trump’s new beverage venture has announced its first two flavors ahead of its planned launch, now set for May.
SOLLOS Yerba Mate, headquartered near Mar-a-Lago, revealed the news in a LinkedIn post last week.
“Introducing our 12-pack: Pineapple + Coconut,” the company said. “Launching May 2026.”
The announcement comes after the 19-year-old, the youngest son of President Donald Trump, was listed as a director of the Palm Beach, Florida-based beverage company, according to January SEC filings in Florida and Delaware.
BARRON TRUMP LINKED TO BEVERAGE COMPANY BASED NEAR MAR-A-LAGO

Barron Trump’s new beverage venture has announced its first two flavors ahead of its May launch. (Mike Segar/Reuters / Reuters)
The product will be available for purchase online at sollos.com, the company said.
The company also shared videos showcasing the design of its new beverage packaging ahead of launch.
In one video, light blue cans featuring “SOLLOS” in bold lettering over an orange-and-yellow sun graphic appear to move through a factory during mass production.
Another clip shows packaging for the 12-pack, including a light blue box with yellow graphic accents.
A LOOK AT THE TRUMP FAMILY’S BUSINESS EMPIRE

SOLLOS Yerba Mate launches a 12-pack pineapple and coconut beverage line. (SOLLOS Yerba Mate/LinkedIn / Fox News)
Yerba mate, a caffeinated herbal tea native to South America, has recently gained popularity in the U.S. as an alternative to coffee.
SOLLOS was previously announced as a beverage brand designed to complement life in the “Sunshine State,” with branding centered on the sun.
“SOL,” meaning sun in Spanish, represents sunrise and the beginning of the day, the company said. “LOS,” spelled backwards from “SOL,” represents sunset. The startup emphasized that the name is intended to capture the full cycle of the sun, reflecting the idea that “It Begins Where It Ends.”
HERE’S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIME

Light blue cans, featuring the logo “SOLLOS,” move through a factory line. (SOLLOS Yerba Mate/LinkedIn / Fox News)
According to SEC filings dated Jan. 23, SOLLOS raised $1 million through a private placement and lists at least five partners.
Barron, a student at New York University’s Stern School of Business, along with four others named in the SEC filing, are listed as executive officers and members of the company’s board of directors.
Others involved in the company include Spencer Bernstein, Rudolfo Castello, Stephen Hall and Valentino Gomez, some of whom attended the same high school as Barron.
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Bernstein, a Villanova University student who previously attended Oxbridge Academy in Palm Beach with Trump, was listed as an executive officer.
“I’ve decided to postpone my final semester at Villanova University to focus on something I’ve been building for the past 8 months,” Bernstein previously posted on LinkedIn.
“Since the end of last school year I have been working alongside my co-founder, Stephen Hall, and a few close friends on SOLLOS Yerba Mate, a lifestyle beverage brand built around clean + functional ingredients.”
Hall, now a student at the University of Notre Dame who also attended Oxbridge Academy, was listed as an executive officer and director.
FOX Business’ Sophia Comptom contributed to this report.
Business
Analysis-Protracted Iran war narrows BOJ’s rate hike options

Analysis-Protracted Iran war narrows BOJ’s rate hike options
Business
US stock futures slide over 1% after Iran ceasefire talks fall through

US stock futures slide over 1% after Iran ceasefire talks fall through
Business
TAT Shifts Focus to Value-Driven Tourism in Recalibrated 2026 Outlook
The Tourism Authority of Thailand emphasizes sustainable growth by promoting premium experiences and prioritizing safety. After welcoming 9.31 million visitors in early 2026, Thailand projects a total of 30 to 34 million arrivals by the end of the year.
Emphasizing Quality in Tourism
Bangkok, 8 April 2026 – The Tourism Authority of Thailand (TAT) is committed to The New Thailand vision, focusing on Value over Volume to ensure sustainable and meaningful growth. Despite global economic uncertainties, Thailand aims to sustain its competitiveness and recalibrate its 2026 international tourism outlook. TAT is implementing targeted measures to enhance high-value experiences, expand quality market segments, and ensure safety and reliability through the Trusted Thailand framework. This approach not only reinforces confidence but also aligns with evolving traveler priorities through the “Healing is the New Luxury” concept, bolstering Thailand’s reputation as a resilient and competitive destination.
Strengthening Resilience Amid Global Challenges
Building on its 2025 performance, Thailand continues to leverage tourism in economic recovery amidst global challenges like economic uncertainty and regional competition. While international arrivals are gradually recovering, changing travel behaviors and cautious spending underline the need to focus on quality growth and greater value per trip. In the first quarter of 2026, Thailand welcomed 9.31 million international visitors, with China leading, followed by Malaysia, Russia, India, and South Korea. Long-haul markets, including the UK and the US, also contributed significantly to a diversified market mix, supporting sustained tourism growth.
Projected Growth and Future Outlook
For 2026, TAT anticipates international arrivals around 30–34 million, taking into account global fluctuations such as travel demand, air connectivity constraints, and energy price volatility. Domestically, 206 million trips are expected, with total tourism revenue projected to be approximately 2.58 trillion Baht. The strategy acknowledges anticipated easing of geopolitical tensions in the Middle East within months. By aligning with global conditions, TAT is poised to maintain Thailand’s position as a preferred travel destination, focusing on quality growth and ensuring economic resilience through enhanced traveler experiences.
Source : TAT refocuses on value over volume as 2026 tourism outlook is recalibrated
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