THURSDAY, June 25, 2026
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High gas prices blamed on AI
AI-powered software has allowed gas station operators across California to illegally collude and drive up prices at the pump, according to a federal ware system used across the world. even discourages its users from priclawsuit. The plaintiffs describe Kalibrate as the ing their gas lower than competitors, The proposed class action lawsuit, “central nervous system for a conspir- saying that doing so would trigger a filed Monday, accuses gas station gi- acy to extinguish retail price competi- “downward spiral.” ants including Marathon and Circle K tion among gas stations.” “Kalibrate promises that if gas staof violating California’s antitrust law According to the lawsuit, Kalibrate tions surrender their pricing decisions through Kalibrate, a fuel-pricing soft- helps “coordinate high prices” and and competitively sensitive cost and
Stations accused of collusion
Will plan to kill theater kill homes?
THE UPDATE Dow +182.06 Nasdaq –110.40 Oil –1.19 51,848.90 25,476.64 69.15 Gold 4,002.00 –6.80 NY COMEX futures courtesy of Mish Int’l (650) 324-9110
SENATORS BERATED: President Trump berated Senate Republicans during his visit to the Capitol for allowing a vote to block his war in Iran, further escalating a feud that has diverted GOP efforts to focus on election-year affordability issues and brought much of the chamber’s business to a halt.
BY STEPHANIE LAM Daily Post Correspondent
EARTHQUAKES RATTLE: Backto-back powerful earthquakes have slammed Venezuela, collapsing buildings in the capital of Caracas. The U.S. Geological Survey said the first earthquake had a magnitude of 7.1. Minutes later, there was a 7.5-magnitude earthquake. Meanwhile rural Mendocino County in California experienced its strongest earthquake since 1940 at 5.6 magnitude. Mendocino County authorities say some injuries have been reported but have provided no details. ROBOTS GO PUBLIC: Agility Robotics, a maker of humanlike robots, is planning to go public on Wall Street. The Oregon-based company announced a planned merger with an investment firm, valuing it at $2.5 billion. The move would make [See THE UPDATE, page 4]
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volume data to Kalibrate Fuel Pricing, the software will enable them to avoid competing with other area stations and to charge higher prices to consumers,” the lawsuit said. Californians already pay some of the highest gas prices in the nation, and prices have surged across the globe since the start of the Iran war. The law[See GAS, page 18]
GREAT AMERICAN STATE FAIR
Yesterday, President Trump launched celebrations for America’s 250th anniversary yesterday, which includes a transformation of the National Mall into the Great American State Fair. AP photo.
A ballot measure proposed by Los Altos residents to block a controversial theater from being built on a city parking lot has some council members fretting over how the city will fulfill its housing requirements. Council on Tuesday unanimously voted to place the measure on the November ballot. If passed with a simple majority of voters, residents will need to sign off on proposed developments in any of the city’s 10 downtown parking plazas. Two plazas are exempted from the residents’ vote if they are going to be developed into affordable housing. Council on Tuesday said they are worried the measure will complicate Los Al[See THEATER, page 18]
Clock is ticking on billionaire’s tax deadline today to withdraw them from the November ballot. Top Democrats have already announced an agreement CalMatters between Uber and the state’s trial lawState leaders are feverishly nego- yers to pull rival initiatives they had tiating with special interests behind a each spent tens of millions of dollars few high-profile measures ahead of a promoting. BY LEVI SUMAGAYSAY, MARISA KENDALL, KRISTEN HWANG AND YUE STELLA YU
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It’s a dance that happens every election cycle: Interest groups seeking policy changes spend big on voter initiatives, using them as leverage in exchange for favorable deals from state leaders, who often prefer to reach com[See TAX, page 18]
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