Gov. Gavin Newsom stated, "We now have the ability to address those price spikes" in gasoline, highlighting his belief that the new legislation represents a significant step.
Financial analyst Sanjay Varshney cautioned, "In the short run any investment costs to increase storage may actually raise gas prices... any attempts to fix prices locally may not work."
Newsom criticized oil companies by asserting, "You have been screwed by these companies," emphasizing his discontent with Big Oil's control over pricing.
Despite the optimistic outlook of the legislation, Newsom warned, "I don't want to overstate. I don't want to overpromise," indicating uncertainty about its immediate effects.
Collection
[
|
...
]