California Lawmakers Debate Bill That Would Regulate Gasoline Inventories to Avoid Price Spikes

California legislators on both sides of the aisle voiced concerns during a Sept. 26 committee hearing on proposed regulations that would affect gasoline prices in the state.
During the extraordinary special session called by the governor, some questioned Assembly Bill X2-1, introduced by Assemblymembers Greg Hart and Cecilia Aguiar-Curry to regulate gasoline inventories so that lower production in the fall during refinery maintenance does not lead to price increases.
After clearing the Petroleum and Gasoline Supply Committee on a vote of 13 to 2, the bill will next be heard on the floor of the Assembly on a date to be determined. If passed, the bill could lower prices by as much as 10 cents per gallon, according to supporters….