News Formal

California Passes Law To Penalize Oil Companies Overcharging Customers At Gas Stations | Carscoops

  • 📰 Carscoop
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

California Passes Law To Penalize Oil Companies Overcharging Customers At Gas Stations | Carscoops carscoops

“For too long, Big Oil has operated in the shadows while taking advantage of families & raking in record profits. CA is taking action to get the answers consumers deserve – enhancing the state’s authority to analyze why Californians have seen unexplained higher gas prices,” Newsom said in a tweet on Thursday.

The law goes into effect on June 26th, 2023 so it’ll be some time before we know how effective it’ll be at dragging gas prices down. Jasmeet Bains, a democrat from a district where California’s oil industry resides, voted against the bill citing inconsistencies in the government’s strategy to reduce pain at the pump, according to the

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 306. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New California gas price law another defeat for oil industryIt's the latest in a string of legislative defeats for the oil industry. California was once one of the leading oil producers in the United States.
Source: KPBSnews - 🏆 240. / 63 Read more »