California Governor Signs Law to Curb Gas Prices

California Governor Gavin Newsom has enacted a new law designed to prevent sudden spikes in gas prices, responding to the state's highest fuel costs in the nation, averaging $4.68 per gallon. The legislation empowers energy regulators to mandate that oil refineries maintain a specified reserve of fuel, aiming to mitigate price surges caused by global crude oil fluctuations and refinery outages. Newsom criticized the oil industry for spreading misinformation and profiting excessively, asserting that the law could save Californians billions at the pump. While supporters praise the measure, critics argue it may inadvertently increase overall gas prices and jeopardize worker safety by imposing stricter state control over refinery maintenance. The governor insists the initiative is not politically motivated, despite its timing ahead of the November elections. This law reflects California's ongoing struggle with high energy costs and environmental regulations.