"It should be common sense for gas refineries to plan ahead and backfill supplies when they go down for maintenance to avoid price spikes. But these price spikes are actually profit spikes for Big Oil, and they're using the same old scare tactics to maintain the status quo," Newsom said in a statement.
"Calling the session now allows the Legislature to begin that work immediately so that the state can resolve this important matter now to establish the necessary rules to prevent price spikes next year and beyond," Newsom said.
It's the second time in two years that Newsom has called a special session focused on the economics of the oil industry, an issue that divides Democrats as they navigate a desire to fight climate change with ambitions to lower prices at the pump.
Two weeks ago, Newsom announced a proposal to require that petroleum refiners maintain a stable inventory in order to prevent fuel shortages and price spikes when refinery equipment is taken offline for maintenance.
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