California Energy Panel Defers Debate on Giving Gasoline Producers a Regulatory Break

California Energy Panel Defers Debate on Giving Gasoline Producers a Regulatory Break

Gasoline prices at a Shell station in Los Angeles on Oct. 5, 2023. Patrick T. Fallon/AFP via Getty Images

The California Energy Commission (CEC) has tabled a resolution calling for a pause in implementing a 2023 state law that would impose financial penalties on gasoline producers accused of accruing “excess profits” while “price gouging” consumers.

“Given the timing of this, we felt like it was best to have more time for public input and engagement in these issues and get that feedback,” CEC Deputy Director Jeremy Smith told the four-member panel during its Aug. 13 meeting in Sacramento.

Original News Source Link – Epoch Times

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