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California Gov. Newsom hails new price gouging law: "California took on Big Oil and won"

California Gov. Gavin Newsom (D) signed legislation Tuesday that's designed to stop gasoline price gouging, which his office hailed as "the strongest state-level oversight and accountability measures on Big Oil in the nation."

The big picture: The bill that passed in the state Assembly on Monday comes months after Newsom signed sweeping legislation to combat climate change that included new reporting requirements for oil refiners and measures to protect neighborhoods and schools from oil drilling.


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