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Gov. Gavin Newsom signs watered-down oil profit penalty into law

Original post made on Mar 30, 2023

Gov. Gavin Newsom signs an oil profits penalty plan that is supposed to keep California gas prices under control. The oil industry says it will closely watch the regulations.

Read the full story here Web Link posted Thursday, March 30, 2023, 10:44 AM

Comments (1)

Posted by Dan Waylonis
a resident of Jackson Park
on Mar 30, 2023 at 2:35 pm
Dan Waylonis is a registered user.

Maybe California could get rid of the requirement which forces CA motorists to only purchase special blends of gasoline? CA gasoline is not a competitive market because gasoline is only produced by a small number of refineries in the state.

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