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flag California Senate approves bill allowing energy commission to control refiners' gasoline reserves, preventing sudden price spikes.

flag The California Senate has approved Assembly Bill X2-1, granting the state's energy commission the authority to require oil refiners to maintain minimum gasoline reserves. flag Passed with a 23-9 vote, the bill aims to prevent sudden gasoline price spikes by increasing transparency in refining operations and limiting practices that manipulate market prices. flag This legislation seeks to stabilize fuel costs for consumers.

6 months ago
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