Sacramento, CA — In a move that could have significant impacts on the state’s oil refiners, Governor Gavin Newsom signed a bill on Tuesday that would give state regulators the power to impose penalties on oil refiners when they profit excessively from California drivers. The Governor had called for action against oil refiners six months ago, as California gas prices soared to $2.60 per gallon higher than the national average. Newsom had made it a centerpiece of a special legislative session, which officially concluded on Tuesday. The bill signing took place just a day after the California State Legislature approved the bill in the Assembly. Governor Newsom praised the lawmakers for their
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