Stay updated with breaking news from Fee Administration. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A bill that would be the U.S.'s first penalty on excessive oil company profits is still sitting in California's Democratic-controlled Legislature with no details on how much the penalty would be or when oil companies would have to pay it.
After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is “ripping you off."
Experts said a penalty on oil refiners might not have much effect on prices at the pump.
After gas prices in California spiked to more than $6.40 per gallon last summer, Gov. Gavin Newsom led a charge against an industry he says is "ripping you off."
Calif. Gov. Gavin Newsom has led a charge against the industry, but it's unclear who is following him.