California legislators to establish penalties for Big Oil price gouging

SAN DIEGO (KUSI) – Following a special session of California legislators on Dec. 5 called by Gov. Gavin Newsom, new proposed legislation was announced that would penalize Big Oil companies for price gouging.

The law is one of the first and most restrictive of it’s kind concerning Big Oil.

Big Oil corporations made record sales in the years following the pandemic, during a time when the nation has struggled economically due to job losses, worker shortages, supply chain issues, etc.

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