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California Gov. Gavin Newsom has signed SBX1-2, a senate bill approved by the state assembly that's the first of its kind in the nation in terms of how it penalizes "Big Oil" companies for price gouging gas while raking in profits.

United statesGavin newsomKevin slagleStates petroleum associationBig oilCalifornia energy commissionWestern states petroleumSenator dave minWestern states petroleum associationSbx1 2Gas pricesPrice gouging