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Senate Bill X1-2

California Gas Price Gouging and Transparency Law, signed in March 2023 and in effect from 26 June 2023.

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Dates
Mar 2023

Connections 4

enacted by

led to

followed from

Timeline 2 dates
  1. Mar 2023 Senate Bill X1-2
  2. Mar 2023 Gavin Newsom signed into law Senate Bill X1-2
Proof 3 sources
  1. SB X1-2 and AB X2-1 Implementation, California Energy Commission. Primary record
    Senate Bill X1-2 (SB X1-2), the California Gas Price Gouging and Transparency Law, was signed by Governor Gavin Newsom in March 2023.
    The Division of Petroleum Market Oversight (DPMO) will be created as a new and independent division within the CEC responsible for oversight, investigation, economic analysis, and policy recommendations related to the transportation fuels market.
    Authorizes the CEC to set a maximum gross refining margin and to impose a civil penalty for exceeding that margin.
    The law was passed during a special legislative session convened to protect Californians from price spikes at the pump, after consumers experienced extreme gasoline prices in fall 2022.
  2. Staff Report: Senate Bill X1-2 Implementation, Maximum Gross Gasoline Refining Margin and Penalty (docket 23-OIIP-01, TN 266420), California Energy Commission. Primary record
    The commission shall not set a maximum gross gasoline refining margin or accompanying penalty under subdivisions (b) and (c), respectively, unless it finds that the likely benefits to consumers outweigh the potential costs to consumers.
  3. SB X1-2 (Skinner): bill analysis, Senate Committee on Energy, Utilities and Communications, California Senate Committee on Energy, Utilities and Communications, 22 Mar 2023. Primary record
    Authorizes the CEC to establish a maximum margin, which is the maximum amount of the gross gasoline refining margin excluding state program costs (essentially a refiner’s profit).
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