Legislation to Monitor Gasoline Prices and Impose Penalties on Refiners Passes Senate

Legislation to implement Newsom’s recent amended proposal for an oil profits penalty heads to the state Assembly.

Legislation to create a watchdog to monitor gasoline prices with the authority to impose a penalty on refiners passed the California State Senate March 23, 2023. The bill, SBX1-2, would also impose new reporting requirements on pipelines, port operators, and refiners. The legislation follows Newsom’s March 15, 2023 amended proposal for an oil profits pe…