tldrdailynews.com logo

California's New Gas Price Law Deals Blow to Big Oil

1 min read
Source: Axios
California's New Gas Price Law Deals Blow to Big Oil
Photo: Axios
TL;DR

California Governor Gavin Newsom signed a bill that aims to stop gasoline price gouging, which his office claims is "the strongest state-level oversight and accountability measures on Big Oil in the nation." The legislation creates an independent watchdog to root out price gouging by oil companies and authorizes the California Energy Commission to create a penalty to hold the industry accountable. The law is set to go into effect on June 26.

Topics:nationpolitics#accountability-measures#california#gavin-newsom#oil-industry#politics#price-gouging
Share this article
  1. California Gov. Newsom hails new price gouging law: "California took on Big Oil and won"  Axios
  2. New California gas price law another defeat for oil industry  The Associated Press
  3. California Lawmakers Approve Country's First Penalty for High Gas Prices  NBC Southern California
  4. The goal of California’s anti-gouging law is cheaper gas. But it carries risks | Opinion  Fresno Bee
  5. California lawmakers OK fines for high gas prices  FOX 11 Los Angeles

Want the full story? Read the original reporting

Read on Axios