Gov. Gavin Newsom directed the California Energy Commission to look into possible irregularities in the state’s gas prices, which have recently soared above $4 per gallon.
“Independent analysis suggests that an unaccounted-for price differential exists in California’s gas prices and that this price differential may stem in part from inappropriate industry practices,” Newsom wrote in a letter to the commission on Monday. “These are all important reasons for the Commission to help shed light on what’s going on in our gasoline market.”
Newsom asked the commission to provide a preliminary analysis by May 15. The commission announced it would start the probe immediately.