SACRAMENTO, Calif., June 12 -- The California Energy Commission issued the following news release:
WHAT YOU NEED TO KNOW:
The Iran conflict has driven up gas prices around the country. Currently, California price increases are in line with the rest of the U.S., and the state's petroleum watchdog is monitoring the market daily to protect consumers.
SACRAMENTO - Today, the Division of Petroleum Market Oversight (DPMO) sent a letter to Governor Gavin Newsom and state legislative leadership summarizing the Iran conflict's impact on gas prices and identifying two market structure issues impacting gas and diesel consumers.
Since the start of the Iran conflict, retail gas prices have shot up around the country. Increases in California have be...