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Debunking the Myth of Oil Refiner Price Gouging in California
Credit: OilPrice.com- Published 1 day ago
In 2022, California Governor Gavin Newsom signed SB-1322, the Oil Refiner Price Disclosure Act, into law. The legislation was hailed as a major step toward transparency, requiring refiners in California to report detailed monthly data on their gasoline profit margins. Specifically, refiners must disclose: The cost of crude oil...