https://youtu.be/lAQhxK2LVno By Stephanie Sierra, ABC7 https://abc7news.com/post/senate-bill-540-ca-state-senator-josh-becker-refuses-answer-questions-energy-donations-100k-advisor-gig/16718061 SAN FRANCISCO (KGO) -- As California faces worsening climate disasters, Silicon Valley Democrats are pushing a bill that could give control of the state's energy markets to the Trump administration. But the controversy over the legislation is...

The proposal gives credits to companies making low-carbon fuel which in turn increases the cost of making high carbon fuel like regular gas.

Jamie Court says it shouldn't have an impact. The new law we just passed for refineries doing business in the state requires them to have a plan with having a resupply so it should not have any impact on the price consumers pay at the pump.

Governor Newsom just signed a new bill into law which would mandate refiners to hold a certain amount of extra product in case things went off-line and Phillips saying it has nothing to do with that. 

According to documents obtained by seven on your side investigates and Consumer Watchdog the San Francisco environment department, which oversees the bottle bank program, budgeted more than $1.4 million last year, and the money projected for this year, roughly 841,000, has nearly run out.

Jamie Court says this law is a common sense approach that chevron doesn't like this because it will lower prices and lower their profits.

The new law requires oil refineries to have to keep a minimum inventory of fuel to avoid shortages, and authorizes the california energy commission to require refineries to have a plan when they have maintenance outages and to have a backfill of supply. The hope is with a constant minimum of gas and storage at all times, when refineries go offline, there would be enough gas to avoid price spikes.

https://youtu.be/KQjCp5sDK9E

When a refinery goes down, California gasoline prices go up.

https://www.youtube.com/watch?v=BYFQYp5Xeq4