California bill penalizing oil profits makes little progress

State committee meets to discuss price gouging penalty on oil company profits proposed by Gov. Newsom

Governor Gavin Newsom is leading a charge to penalize oil companies for making excessive profits after gasoline prices spiked to more than $6.40 per gallon last summer. Committee members met on Wednesday to discuss passing the proposed bill through legislation.

California bill penalizing oil profits makes little progress

After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off."

California bill penalizing oil profits makes little progress

SACRAMENTO, Calif. (AP) — After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off.

California bill penalizing oil profits makes little progress

SACRAMENTO, Calif. (AP) — After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off.

California bill penalizing oil profits makes little progress

SACRAMENTO, Calif. (AP) — After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off.

California bill penalizing oil profits makes little progress

SACRAMENTO, Calif. (AP) — After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off.