In a significant move to protect consumers from market manipulation and high fuel prices, California Governor Gavin Newsom has signed a new bill aimed at enhancing the state's energy security. The legislation empowers the California Energy Commission (CEC) to coordinate refinery maintenance and mandates that refineries maintain a minimum supply of refined products on hand.

During the announcement, officials highlighted that this measure is not unprecedented; refineries routinely keep substantial supplies during winter months and had maintained higher reserves during the pandemic. This proactive approach is seen as a critical step in ensuring that Californians are shielded from volatile market conditions.

Attorney General Rob Bonta, who sponsored the bill, expressed gratitude to the legislative leaders and colleagues who collaborated on this initiative. He emphasized the importance of collective action in addressing the needs of Californians, noting the commitment of the legislature to work diligently during a special session to expedite the bill's passage.

The signing of this bill reflects California's ongoing efforts to lead in consumer protection and energy management, reinforcing the state's commitment to maintaining stability in the fuel market.