Vallejo, CA — California Governor Gavin Newsom took action today to uncover why Californians are paying so much to fuel vehicles when he signed Senator Ben Allen's legislation requiring oil refiners to disclose monthly their profits from refining oil into gasoline.
SB 1322, the Oil Refiner Price Disclosure Act, will require the state’s oil refiners to report each month on the cost of the crude oil they buy, the wholesale price of the gasoline they sell, and their per gallon profits.