Will California's new oil and gas legislation bring gas prices under control?
SAN DIEGO — Gov. Gavin Newsom signed legislation in mid-March to create new oversight of the oil and gas industry, which could lead to fines. The law said it will create a civil penalty on refiners who have engaged in price gouging. "Now it's time to choose whether to stand with California families or with Big Oil in our fight to make them play by the rules," the governor said in a statement. The oil industry has criticized the move, arguing it would make confidential trade information public and result in less investment in California, which may result in increasing prices more. Yet many Demo...