California Gov. Gavin Newsom signed into law a bill temporarily allowing a new gasoline blend to be sold in the state to avoid future gasoline price spikes as two refineries in the state prepare to close, he announced on Oct. 2.
“Thanks to our work with the Legislature, we have averted billions of dollars in higher costs at the pump by avoiding the kinds of severe gasoline price spikes we saw a few years ago,” Newsom said in a statement.
Assembly Bill 30 allows retailers in the state to immediately start selling E15, which contains 10.5 percent to 15 percent ethanol, while regulators finalize the rule-making process….