Gavin Newsom Approves New Law to Tackle Gas Prices, Says Oil Industry Raising Prices To 'Scare Voters' Into Supporting Trump
Portfolio Pulse from Benzinga Neuro
California Governor Gavin Newsom has signed a new law to regulate oil refineries and control gas prices, reducing the influence of Big Oil in the state. The law mandates oil companies to prevent price surges and requires refiners to store more gas and share resupply plans. This move is part of California's transition from fossil fuels to renewable energy.
October 15, 2024 | 12:22 am
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Chevron Corporation is involved in a lawsuit by California for concealing fossil fuel dangers, which is part of the state's broader regulatory actions.
Chevron is part of a lawsuit by California for allegedly concealing the dangers of fossil fuels. This legal action is part of California's broader regulatory efforts, including the new law to control gas prices.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
HF Sinclair, part of the Western States Petroleum Association, is affected by California's new law regulating oil refineries to control gas prices.
HF Sinclair, as part of the Western States Petroleum Association, will be directly impacted by California's new law regulating oil refineries. The law aims to control gas prices, which could affect HF Sinclair's operations and profitability in the state.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Marathon Petroleum, part of the Western States Petroleum Association, is impacted by California's new law to regulate oil refineries and control gas prices.
Marathon Petroleum, as a member of the Western States Petroleum Association, will be impacted by the new California law. The regulation of oil refineries to control gas prices could affect its operations and profitability in the state.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ExxonMobil, part of the Western States Petroleum Association, is affected by California's new law regulating oil refineries to control gas prices.
ExxonMobil, as part of the Western States Petroleum Association, will be directly impacted by California's new law regulating oil refineries. The law aims to control gas prices, which could affect ExxonMobil's operations and profitability in the state.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80