‘Lying and gouging’: Newsom unveils plan to cap oil refiners’ profits

‘Lying and gouging’: Newsom unveils plan to cap oil refiners’ profits

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Gov. Gavin Newsom on Monday unveiled his plan to punish oil companies for reaping massive profits in California while drivers emptied their wallets at gas stations in recent months. The plan, which Newsom termed a “price gouging penalty,” would see the state establish a maximum profit margin on…

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