Newsom Signs Law to Combat California Gas Price Spikes

The new legislation mandates increased refinery oversight and inventory to stabilize fuel costs amid accusations of political maneuvering.

Governor Gavin Newsom signed Assembly Bill X2-1, aimed at reducing seasonal gas price surges by increasing state oversight of refinery operations.
The law requires oil refineries to maintain a minimum fuel reserve to mitigate price spikes during maintenance periods.
Newsom accused the oil industry of colluding with former President Trump to manipulate gas prices for political gain, a claim the industry denies.
The Western States Petroleum Association criticized the legislation as divisive, arguing it could raise prices by limiting supply.
The bill passed swiftly in a special legislative session, with some lawmakers expressing concerns about potential cost increases for consumers.