AB 2912

Bill Subjects

Abstract

Existing law authorizes the State Energy Resources Conservation and Development Commission to set a maximum gross gasoline refining margin, as provided, and requires the commission, if the commission establishes a maximum gross gasoline refining margin, to establish a penalty for exceeding the maximum gross refining margin, as specified. Existing law establishes the Division of Petroleum Market Oversight in the commission to, among other duties, provide guidance and recommendations to the Governor and the commission on issues related to transportation fuel pricing and transportation decarbonization in California. This bill would require the commission to post and update, on a monthly basis, on its internet website the difference between retail gasoline prices in California and the national average and a calculation of how much that difference has decreased since June 26, 2023, which is the effective date of the above-described provisions, due to the actions taken pursuant to those provisions.