Newsom’s Gas Price Gouging Proposal Fueled By Senate Approval ...Middle East

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Sonora, CA — The California Senate approved the first major vote in an effort to pass a bill that targets oil companies for profiting from price spikes at the pump. Gov. Gavin Newsom wants the bill to become law by the month’s end. Last summer, oil companies made record profits, and the average price of a gallon of gas was more than $2.60 higher than the national average. That difference, according to state regulators, cannot be explained solely by taxes and fees. “For decades, oil companies have gotten away with ripping off California families while making record profits and hiding their books from public view. With this proposal, California leaders are ending the era of oil’s outsized infl

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Newsom’s Gas Price Gouging Proposal Fueled By Senate Approval ...Middle East

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