KNBC-LA (NBC) – Los Angeles, CA: New CA Law Aims To Protect Gas Price Spikes

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KNBC-LA (NBC) – Los Angeles, CA: New CA Law Aims To Protect Gas Price Spikes

PUBLISHED ON October 15, 2024 | BY CONSUMER WATCHDOG · 1 MIN READ

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.

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