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Mon, May 19, 2025
8:01 PM
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Total News Sources
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Last Updated
275 days ago
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100% Left
277 days ago, Los Angeles
Updated 275 days ago
Newsom Proposes Fuel Reserve Mandate in California
Newsom Proposes Fuel Reserve Mandate in California

Newsom Proposes Fuel Reserve Mandate in California

News summary

Governor Gavin Newsom has introduced a proposal requiring California petroleum refiners to maintain a minimum fuel reserve to prevent supply shortages and resultant price spikes at the gas pump. This initiative, which comes in the final weeks of the legislative session, aims to hold oil companies accountable for profit spikes linked to reduced supply during maintenance periods. Newsom emphasized that had this plan been in place last year, Californians could have saved approximately $650 million in gas costs, as 63 days in 2023 saw refineries holding less than 15 days of gas supply. The proposal builds on previous legislation aimed at increasing transparency and regulating oil industry profits. It empowers the California Energy Commission (CEC) to enforce these requirements and impose penalties for non-compliance. Newsom's recent push reflects ongoing tensions between the state and the oil industry over high gas prices.

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Newsom calls for new oil refinery mandate in California
276 days ago
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Newsom calls for new oil refinery mandate in California
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Newsom calls for new oil refinery mandate in California
276 days ago
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Newsom calls for new oil refinery mandate in California
276 days ago
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100% Left
Information Sources
273052be-62e1-48ef-a4f6-fb29a3f704e5bfb2a97b-336e-48d9-b69a-147df7862dc2
Left 100%
Coverage Details
Total News Sources
2
Left
2
Center
0
Right
0
Unrated
0
Last Updated
275 days ago
Bias Distribution
100% Left
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Story Coverage
alt
LA Times
$
Left
Newsom calls for new oil refinery mandate in California
276 days ago
Read Full Article
alt
Yahoo! News
Left
Newsom calls for new oil refinery mandate in California
276 days ago
Read Full Article
alt
LA Times
$
Left
Newsom calls for new oil refinery mandate in California
276 days ago
Read Full Article
alt
Yahoo! News
Left
Newsom calls for new oil refinery mandate in California
276 days ago
Read Full Article
Ask VT AI
Bias Distribution
100% Left
Information Sources
273052be-62e1-48ef-a4f6-fb29a3f704e5bfb2a97b-336e-48d9-b69a-147df7862dc2
Left 100%
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