Stabilize

Sacramento, CA – In a significant legislative movement, California has enacted a new law aimed at curbing the infamous gas price spikes that have rattled consumers’ budgets. Governor Gavin Newsom triumphed in the special session that concluded on Monday, achieving a long-sought victory with the support of Democratic lawmakers. This development comes amid considerable opposition from the oil industry and skepticism regarding the law’s eventual impact on prices at the pump. The legislation mandates that oil refineries in California maintain a minimum level of gasoline reserves. This requirement aims to provide a buffer of fuel … Read more