California lawmakers OK potential fines for high gas prices

California lawmakers OK potential fines for high gas prices

California lawmakers have approved the nation's 1st penalty for price gouging at the pump. Regulators can punish oil companies for gas price spikes.

California lawmakers OK potential fines for high gas prices

SACRAMENTO, Calif. — California lawmakers on Monday approved the nation’s first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation’s most populous state last summer. The Democrats in charge of the state Legislature worked quickly to pass the bill on Monday, just one week after it was introduced. It was an unusually fast process…

California lawmakers OK potential fines for high gas prices

California lawmakers on Monday approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation's most populous state last summer.

California lawmakers pass country's first penalty for gas price gouging

Just a week after the legislation was introduced, California lawmakers passed the country's first penalty for price gouging at the pump. Gov. Gavin Newsom is expected to sign the bill.

California Lawmakers Approve Country's First Penalty for High Gas Prices

California lawmakers approve the nation's first penalty toward oil companies who make profit over high gas prices.

Landmark law lets California fine oil companies over price gouging at the pump

After record high gas prices in 2022, state will now have access to information from gas companies to determine if prices are fair