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AB-2912 Energy: retail gasoline pricing.(2023-2024)

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Date Published: 02/15/2024 09:00 PM
AB2912:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Assembly Bill
No. 2912

Introduced by Assembly Member Dixon
(Coauthors: Assembly Members Alanis, Chen, Megan Dahle, Davies, Flora, and Gallagher)

February 15, 2024

An act to add Section 25371.4 to the Public Resources Code, relating to energy.


LEGISLATIVE COUNSEL'S DIGEST


AB 2912, as introduced, Dixon. Energy: retail gasoline pricing.
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.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 This act shall be known, and may be cited, as the Government Accountability for Savings at the Pump Resulting from Imposing Controls on Energy Supply Act or the GAS PRICES Act.

SEC. 2.

 Section 25371.4 is added to the Public Resources Code, to read:

25371.4.
 The commission shall post and update, on a monthly basis, on its internet website all of the following information:
(a) The difference between retail gasoline prices in California and the national average.
(b) (1) A calculation of how much the difference specified in subdivision (a) has decreased since June 26, 2023, due to actions taken pursuant to Chapter 1 of the Statutes of 2023, First Extraordinary Session.
(2) The commission shall present the information described in paragraph (1) as “gasoline price savings for California consumers achieved as a result of Chapter 1 of the Statutes of 2023, First Extraordinary Session” and shall express the number in dollars and cents per gallon.
(3) If the difference specified in subdivision (a) has increased since June 26, 2023, the commission shall present the savings achieved as “zero cents ($0.00) per gallon.”