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Tribune News Service
Tribune News Service
Business
Phillip Molnar

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.

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