Governor Newsom Statement on Oil Watchdog Update

Press Release

"With California's new gas price transparency law, we now have the tools to see where this market is broken. We can see how refiners that go offline for maintenance without adequately preparing for it limit supply and drive up prices. We can see the unusual spot market transactions that create unexplained spikes in prices that Californians pay at the pump.

We will no longer be left in the dark as private traders and corporate interests make record profits while Californians foot the bill. We'll continue using our new tools to hold Big Oil accountable and shine a light on these operations that have, until now, functioned in the shadows."

Source