Gov. Newsom signs law aimed at preventing spike of gas prices in California

Governor Gavin Newsom signed a first-of-its-kind law on Monday, requiring gas companies to store minimum levels of gasoline in order to prevent prices from spiking. Tom Wait reports.

[rosarolon]

If he knows their price gouging, why wait till now to sign..Theater 👏 👏 👏

[STapia-hfvp]

Oh really, Gavin just raised taxes on Gasoline. He is such a liar when he says he cares about us. Fools believe him.

[dilldoe]

Maybe if newsom wasn’t against drilling for oil

[tazerface]

Audit newsom. Word salad dirt bag and his head nodding clowns behind him. Why can’t he answer anything directly. Maybe gas companies don’t have to sell to ca anyway.

[marilynlast]

It’s our state taxes that make our gas the highest, not the refineries. He lies.

[omniomni]

$1.00 per gallon and 50% vehicle registration fees.

[andramccollin]

We just heard last week it was going to 37 cents in California next month wtf! 😡

[Katy-nexh]

How much gas will refineries need to keep in storage to prevent spikes and who will be paying for all that storage? Suppose the cost will simply be added to the price we pay at the pump along with our excessive gas taxes and extra manufacturing costs due to our states required "special blends."

[donclark]

This is why it will raise prices at the pump. In order to hold the reserves more tanks will have to be built to hold the fuel. Because the California Government is requiring the oil companies to hold a reserve, who is going to pay for these holding tanks? The consumer
Just like when they required drivers to have car insurance, the prices went up. And still today we have people driving without insurance. The only people that purchases insurance are the responsible and reasonable people.
Special session your government gets paid overtime.

[boydwilliams]

As Thomas Sowell put it...

"The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics...

[TheSaturnV]

I'd bet that recall was successful, but the democrats cheated out of it.

[ryanglass]

Odd that they chose to interview, Trenise, at the end, about gasoline pricing when she drives a hydrogen powered Hyundai Nexo and is standing next to the True Zero hydrogen pumps

[maxcady]

Maybe they should stop selling gas and oil in California. What happened to the Liberals green new deal?

[janeforever]

We live on the central coast about an hr S of San Jose. We travel to TX for cancer treatment for hubby. We pay $2/gal less for fuel while there & when returning we always fill up in Kingman, AZ because fuel is at least $1/gal cheaper. Why CA has such outrageously hi fuel prices is obscene & disgusting & inexcusable. No wonder people want to move out of CA!

[markm]

Id rather pay 6 dollars a gallon then have Newsom as governor another minute.

[PrincessTS]

kinda late its $5-9 a gallon when i first learned to drive it was $1

[tommyaudio]

fix the beat up streets then we'll believe u care

[jamestregler]

Take the alcohol out and better gas milage, OH and a new refinery 🤬 !