Gas prices are seen at a gas station in Los Angeles on Sept. 28, 2023. California gas prices are nearing USD $7 per gallon in some locations as oil prices surge toward $100 a barrel. (Robyn Beck/AFP via Getty Images) California Gov. Gavin Newsom has called for an early end to summer-blend fuel again this year as prices soar at the gas pump.
“Oil companies are ripping you off, and we’re going to get to the bottom of it,” Mr. Newsom said in a statement also Sept. 28. “Big Oil can’t hide anymore.”
In response to the governor’s request, the California Air Resources Board (CARB), the state’s regulatory agency overseeing fuels, confirmed it would allow the early transition.
In the letter, Mr. Newsom also directed the state’s newly created Petroleum Market Oversight Division to investigate whether to impose a penalty on oil companies as a result of possible price gouging during this […]
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