California Lawmakers Address Gas Price Spikes

California Governor Gavin Newsom has called a special legislative session to address soaring gas prices, which he attributes to the greed of oil companies that control 90% of the market. Lawmakers are working on a bill to regulate gasoline supply and require refiners to maintain surplus reserves in order to prevent price spikes. Despite initial disagreements, Democratic leaders are coming together, with Assembly Speaker Robert Rivas expressing support for the initiative. Newsom emphasized the importance of tackling these price surges, stating they equate to profit spikes for the oil industry. However, some lawmakers are skeptical about the effectiveness of the proposed measures, arguing it may ultimately burden consumers further. The Senate's participation in the special session remains uncertain as discussions continue.