California lawmakers voted on Thursday to advance a bill that would penalize oil companies for “price gouging” — first-of-its-kind legislation pushed forward in recent months by Gov. Gavin Newsom. The SBX1-2 bill, sponsored by State Sen. Nancy Skinner (D), received the approval of the California State Senate in an Extraordinary Session convened to fast-track the legislation on Thursday morning. The bill could head to the State Assembly as early as Monday and receive the governor’s signature shortly after that, a source familiar with the matter told The Hill. Newsom commended the State Senate’s “quick action” following the vote, stressing that “for decades, oil companies have got
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