California's New Gas Price Law Deals Blow to Big Oil
TL;DR Summary
California Governor Gavin Newsom signed a bill that aims to stop gasoline price gouging, which his office claims is "the strongest state-level oversight and accountability measures on Big Oil in the nation." The legislation creates an independent watchdog to root out price gouging by oil companies and authorizes the California Energy Commission to create a penalty to hold the industry accountable. The law is set to go into effect on June 26.
- California Gov. Newsom hails new price gouging law: "California took on Big Oil and won" Axios
- New California gas price law another defeat for oil industry The Associated Press
- California Lawmakers Approve Country's First Penalty for High Gas Prices NBC Southern California
- The goal of California’s anti-gouging law is cheaper gas. But it carries risks | Opinion Fresno Bee
- California lawmakers OK fines for high gas prices FOX 11 Los Angeles
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