Newsom signs law allowing California to penalize oil companies for ‘price gouging’

New California gas price law another defeat for oil industry

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California Gov. Newsom hails new price gouging law: "California took on Big Oil and won"

"We proved we can actually beat big oil," Newsom said during a signing ceremony in the state Capitol today.

Gov. Newsom Signs Controversial Bill to Probe Oil Industry Profits in California

Gov. Gavin Newsom speaks during the bill signing ceremony. Image from livestream Gov. Gavin Newsom on Tuesday signed a bill he championed to fight alleged price gouging by oil companies in California. The bill, Senate Bill X1-2, which would authorize the California Energy Commission to investigate and potentially cap oil industry profits, passed the Assembly by a vote 52 to 19 on Monday after Senate approval last week. Passage came during a spec…

‘We Finally Beat Big Oil': Gov. Newsom Signs Law Penalizing Oil Companies for Price Gouging

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...

California governor signs bill giving energy commission oversight power on oil companies

California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state's energy commission oversight power on oil companies to determine potential price gouging and impose corresponding penalties.

California governor signs bill giving energy commission oversight power on oil companies

By Taylor Romine, CNN California Gov. Gavin Newsom signed a bill into law Tuesday that gives the state’s energy commission oversight power on oil companies to determine potential price gouging and impose corresponding penalties. “Why is it that we are paying at peak $2.61 more per gallon of gasoline than the national average?” Newsom said