Legislation backed by Governor Newsom to create a new state watchdog with power to prevent price gouging at the gas pump cleared the California Assembly by a vote of 52 to 19 and is now awaiting the Governor’s signature.
The bill would give Californians the ability to set a penalty level in which the oil refineries would pay a penalty for making too much off their per-gallon profits, the gross refining margin.
Sacramento, CA -- A landmark measure to rein in skyrocketing California gasoline prices has cleared the California Senate by a vote of 30 to 8. “This bill puts a watchdog...
SBx1 2, the newly amended proposal for a price gouging penalty and oil refiner transparency, passed its first test in the California Senate Utilities, Energy and Commerce Committee