Governor Newsom Signs Gas Price Gouging Law ... - California …
WebMar 28, 2023 · Californians faced outrageously high gas prices last year, prices that strained family budgets an extra $600 or more a month. In calling for immediate action, Governor Newsom responded decisively in proposing SBX 1-2, the strongest, most effective transparency and oversight measure in the nation.
Nation’s First Gas Price Gouging Law in Effect
WebJun 26, 2023 · SACRAMENTO – California’s new law to combat price gouging at the pump takes effect today. Governor Gavin Newsom signed the first-in-the-nation law earlier this year after calling for a special session of the Legislature to hold Big Oil accountable for fleecing California families at the gas pump.
New California gas price law another defeat for oil industry
WebMar 29, 2023 · California Gov. Gavin Newsom has signed a new law that could penalize oil companies for making too much money.
Senate Bill X1-2 Implementation | California Energy Commission
WebSenate Bill X1-2, the California Gas Price Gouging and Transparency Law, protects Californians from experiencing price gouging at the pump by oil companies. The law was signed by Governor Gavin Newsom in March 2023 and took effect June 2023.
Governor Newsom’s Gas Price Gouging Proposal Gains …
WebMar 23, 2023 · Authored by Senator Nancy Skinner (D-Berkeley) and co-sponsored by Attorney General Rob Bonta, the measure creates a dedicated, 24/7 independent watchdog to root out price gouging by oil companies, and authorizes a …
New California gas price law another defeat for oil industry
WebMar 29, 2023 · Yet on Tuesday, Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country.
California lawmakers OK potential fines for high gas prices
WebMar 28, 2023 · Democratic Gov. Gavin Newsom used his political muscle to pass the bill, which grew out of his call last October for a special legislative session to pass a new tax on oil company profits after the average price of gas in California hit a record high of $6.44 per gallon, according to AAA.
New California gas price law another defeat for oil industry - Yahoo News
WebMar 28, 2023 · Yet on Tuesday, Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country. It's the type of...
California may punish oil companies for high gas prices
WebMar 23, 2023 · SACRAMENTO, Calif. (AP) — A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov. Gavin Newsom, the first major vote in an effort to pass the law by month’s end.
‘We Finally Beat Big Oil’: Gov. Newsom Signs Law Penalizing Oil ...
WebMar 29, 2023 · Newsom signed a new law that gives state regulators the power to penalize oil companies for making too much money, the first of its kind in the country.
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