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News in English (USA) / 15.10.2024 / 09:00

California Governor Signs New Legislation to Combat Gas Price Spikes

In a move aimed at addressing the soaring gas prices that have burdened consumers, California Governor Gavin Newsom has signed a controversial new law intended to prevent price spikes at the pump. The legislation, which was approved by the California Senate, introduces regulations that require a minimum gasoline supply and sets strict controls on oil refinery operations. Newsom criticized the oil industry, accusing it of exploiting consumers for decades. However, the law has drawn criticism from some quarters, including concerns from neighboring states like Arizona and Nevada about potential price impacts. Advocates for the legislation argue it is necessary to protect consumers, while industry representatives have condemned it as politically motivated and economically harmful. The situation reflects an ongoing national dialogue about energy pricing and the influence of major oil companies.
Fox Business, The Hill, CalMatters, Office of Governor Gavin Newsom, FOX 10 News Phoenix, Sacramento Bee, "Arizonas Family", ABC10.com KXTV, ABC7 Los Angeles, CBS News