US Petroleum Prices

California lawmakers this week advanced a measure that would penalize oil companies when they make too much money off of California drivers. The State Senate’s Energy, Utilities and Communications Committee on Wednesday afternoon approved the latest version of the governor’s proposal, which puts the power to consider, develop and implement what Newsom has called a “price gouging penalty” into the hands of the California Energy Commission, a group of regulators appointed by the governor. The measure passed 13-2. Supporters say this will help protect Californians from future gas price gouging, while opponents argue that the bill could have unintended consequences for customers. More here: http://www.kcra.com/article/california-lawmakers-bill-penalize-oil-refiners/43381010