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Newsom proposes measure to crack down on price gouging by oil companies

Por: ABC7 Politics December 06, 2022

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to crack down on price gouging by oil companies, and impose penalties on excessive profits that would be refunded to Californians.Newsom's proposal would allow the state to determine an allowable profit margin by oil companies operating in California. Those that exceed the margins would face an equivalent penalty and those fines would be returned to residents of the state.The proposal, which needs legislative approval, comes not long after... + full article



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