California regulator seeks pause on Newsom's refiner profit limits

6 days ago 1
Oil and Gas Industrial zone,The equipment of oil refining,Close-up of industrial pipelines of an oil-refinery plant,Detail of oil pipeline with valves in large oil refinery.

Rangsarit Chaiyakun/iStock via Getty Images

California's energy regulator on Friday recommended a pause in implementing a refining margin cap with penalties for companies operating in the state, hoping to stop gasoline prices from surging as the state braces for the closure of two of its major

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