With steep gasoline prices still stinging Californians at the pump, Democratic Assembly Speaker Anthony Rendon on Monday announced a legislative inquiry to determine if oil companies are “ripping off” drivers. He added that there’s no guarantee that the oil companies would pass that savings on to drivers. On Monday, President Biden also said he is considering enacting a federal gas tax holiday to lower gas prices nationwide. The select committee’s inquiry into high gas prices follows an earlier investigation Newsom asked the California Energy Commission to conduct in 2019. After the report was released, Newsom asked the state attorney general to investigate whether California’s leading oil and gas suppliers are involved in price fixing or other unfair practices.

Source: Los Angeles Times June 21, 2022 02:48 UTC