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California regulators could decide oil profits penalty

Por: The Boston Globe Business March 16, 2023

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SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Wednesday he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging, pivoting after months of negotiations with legislative leaders failed to reach an agreement on a bill aimed at reining in the state’s notoriously high gas prices.Gas prices in California are always more expensive than the rest of the country because the... + full article



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