California’s spiking gas prices should be investigated for possible fixing, says Gov. Newsom - News Summed Up

California’s spiking gas prices should be investigated for possible fixing, says Gov. Newsom


Citing gasoline prices that are as much as 30 cents a gallon higher than those in other states, Gov. Gavin Newsom on Monday asked the state attorney general to investigate whether California’s leading oil and gas suppliers are involved in price-fixing or other unfair practices. “Simply stated, name-brand gas retail outlets in California are charging more for a gallon of gas compared to their unbranded, hypermart competitors,” Newsom wrote in a letter to state Atty. “The name-brand stations, therefore, are charging higher prices for what appears to be the same product,” wrote commission officials. “If oil companies are engaging in false advertising or price fixing, then legal action should be taken to protect the public.”AdvertisementCalifornia gas prices continue to outpace the rest of the country.


Source: Los Angeles Times October 21, 2019 23:26 UTC



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