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

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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

 

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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.
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