SACRAMENTO, Calif. – On Monday, Assembly Bill X2-1 (ABX2-1) cleared the state legislature and was signed into law requiring refineries to maintain minimum fuel reserves and increasing reporting requirements concerning supplies of transportation fuels. "This landmark legislation is a win for consumers, and a win for accountability in the state’s gasoline market," said Assemblymember Gregg Hart who coauthored the bill. "ABX2-1 will save working California families billions at the gas pump. This common sense solution has received broad public support because consumers know that when gas prices spike in California, the oil industry unfairly profits." The bill was passed following an extra
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