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The commission is starting to put into effect the gas price gouging and transparency bill Gov. Gavin Newsom signed into law last spring.
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Newsom has previously said price gouging by the oil industry could be partially to blame for spiking costs.
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Gov. Gavin Newsom called a special legislative session on rebates to offset high gas prices funded by a windfall profits tax on oil companies. The session will be Dec. 5, timed with the swearing-in of the new Legislature.
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California currently has the most expensive gas in the nation, according to the American Automobile Association.
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Fuel prices in Oregon spiked 50 cents per gallon over the last week — the sharpest spike of any state in the country.
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Gas prices are continuing to fall in Oregon, but that doesn’t mean drivers will see many bargains at the pump this Labor Day weekend.
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After weeks of talks, state lawmakers are told there is a tentative agreement on California tax relief between Gov. Newsom and legislative leaders. It includes refunds of as much as $1,050, but officials caution that the deal isn’t final.
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A group of California lawmakers have another gas rebate plan amid budget negotiations with Newsom, but suspending the gas tax may be a no-go.
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The U.S is planning its largest-ever release from its Strategic Petroleum Reserve. Here's what to know about the country's emergency oil stash.
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The decision comes as prices have spiked since the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.
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California has invested heavily in switching away from gas-powered cars to meet its climate goals. Now Gov. Newsom has proposed sending out checks to car owners to help with the price of gas. That move wouldn’t necessarily prop up demand for gas — economists say people may use the money to buy other things.
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State lawmakers have several proposals for sending checks to people to help with the increased cost of gas. One-time checks would be especially helpful for people with lower incomes, economists and policy experts said. Republicans are pushing to temporarily suspend the state gas tax to reduce the price of gas.
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Gov. Gavin Newsom proposes $11 billion in a California tax rebate to offset high gas prices, including $400 debit cards per vehicle. He must negotiate a final deal with the Legislature.
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Nearly two-dozen state lawmakers unveiled a proposal on Thursday to give California taxpayers $400 rebates to offset spiking gas prices and inflation.