​To Keep Prices Low, California Will Raise Prices – Tyler Durden

To Keep Prices Low, California Will Raise Prices Via SchiffGold.com, California Governor Gavin Newsom signed a bill this week that could force local refineries to stockpile fuel, a move he believes will smooth long-term gasoline prices. “Price spikes have cost Californians billions of dollars over the years, and we’re not waiting around for the industry to do the right thing,” Newsom said. “We’re taking action to prevent these price spikes and save consumers money at the pump.” Once the California Energy Commission outlines the new set of rules, refineries could be fined as much as $1 million per day for…  — Continue at ZeroHedge News : Read More