Press "Enter" to skip to content

Posts tagged as “Californian”

California Lawmakers Pass Nation’s First Penalty for Gas Price Gouging, Giving Regulators Power to Punish Oil Companies

California lawmakers have passed a bill giving the California Energy Commission the power to impose fines of up to $2,500 per violation on oil companies found to be engaging in price gouging. This bill is seen as a victory for consumers, who have long complained of unfair gas prices, and for Governor Gavin Newsom, who has made it a priority to tackle the issue. The bill was passed in an unusually fast process, despite opposition from the powerful oil industry.