California's Newsom Wants Refiners to Stockpile Fuel Reserves.

California Governor Gavin Newsom is planning to propose legislation that would require oil companies in the state to stockpile gasoline and other fuels to prevent supply shortages and price spikes during refinery outages. The proposed reserves would protect Californians from experiencing the high pump prices seen in previous years. The plan is part of Newsom's ongoing battle against the fossil fuel industry and comes shortly after Chevron announced its plans to move its headquarters to Texas. The proposal is not expected to be popular with the industry, but the state believes it is still an attractive place to do business. [Extracted from the article]