California Democrats want to slash gas prices, a state climate policy will raise them

California Democrats want to slash gas prices, a state climate policy will raise them

yesterday
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https://www.siliconvalley.com/2024/10/15/california-democrats-want-to-slash-gas-prices-a-state-climate-policy-will-raise-them/

Gov. Gavin Newsom signed legislation Monday aimed at easing spikes in California’s already high gasoline prices, a key consumer protection that he’d sought from a special legislative session.

Whether Newsom’s proposed reserve requirement for the state’s gas refineries, cheered by consumer advocates, will keep fuel prices in check remains to be seen — the fuel industry, labor unions, Republicans and governors of two neighboring states say that it could create shortages and higher prices.