California Senate approves a bill to mandate oil refineries maintain minimum fuel reserves, aiming to curb gas price spikes.

The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump. The proposal, backed by Democratic Gov. Gavin Newsom,

California Senate lawmakers have approved a bill requiring oil refineries to maintain a minimum supply of fuel reserves to avoid future supply shortages and price hikes for consumers. While the governor and Assembly Speaker support the measure,

Despite defections from several members of the Democratic majority, the state Senate today advanced Gov. Gavin Newsom’s proposal to address gasoline price spikes, placing it on the brink of becoming

The California State Senate on Friday advanced Gov. Gavin Newsom’s (D) controversial proposal to tighten rules on refinery fuel storage — an attempt to avoid future supply scarcity as well as price hikes at the pump.

ABX2-1 requires oil refineries to maintain a minimum inventory level to decrease price spikes during peak driving months.