California Governor Newsom signs measure aimed at price spikes at gas pumps, slams big oil industry

He accused major oil companies of misleading consumers and manipulating prices, stating, "Big oil does not have your back."Photo byifer endahlonUnsplash

The California Legislature has passed a new measure aimed at preventing gas price spikes, signed into law by Governor Gavin Newsom on Monday. The Assembly approved the bill with a 41-16 vote, though several Democrats abstained and four opposed it outright.

In his remarks following the signing, Newsom emphasized that this law is "not the final word on gas prices in California."

Opponents of the measure have raised concerns that it could lead to higher gas prices at the pump, despite proponents arguing that it will provide essential protections for consumers. As the state grapples with rising fuel costs, the debate over the best approach to regulate gas prices continues.