California’s governor, Gavin Newsom, has proposed a measure forcing refiners in the state to maintain a certain level of gasoline stocks in order to avoid shortages that lead to price jumps at the pump. “Price spikes at the pump are profit spikes for Big Oil,” Newsom said in a news release. “Refiners should be required to plan ahead and backfill supplies to keep prices stable, instead of playing games to earn even more profits. By making refiners act responsibly and maintain a gas reserve, Californians would save money at…
