New California bill tries to help stop gas prices from spiking

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New California bill tries to help stop gas prices from spiking
Gas PricesNewsPolitics
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The bill still needs approval from the State Assembly before it reaches Gavin Newom's desk.

The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump.The proposal, backed by Democratic Gov. Gavin News om, would give energy regulators the authority to require that refiners keep a certain amount of fuel on hand. The goal is to try to keep prices from increasing suddenly when refiners go offline for maintenance. Proponents say it would save Californians billions of dollars at the pump.

"If they were serious about affordability, they’d be working with our industry on real solutions," Catherine Reheis-Boyd, the group’s president, said in a statement. "Instead, they’re forcing a system they don’t understand, and Californians will pay the price."Californians pay the highest rates at the pump due to taxes and environmental regulations. The average price for regular unleaded gas in the state is about $4.

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