California Mandates Oil Industry Transparency to Prevent Gas Price Spikes
California's energy officials have adopted new rules mandating oil businesses to disclose detailed operational information to the state. The aim is to prevent gasoline price spikes by increasing transparency in the market.
Starting October 10, 2025, oil companies must submit data on wholesale spot market transactions, refiner costs and profits, petroleum imports to California, ownership of products at merchant terminals, and quarterly supply projections. These regulations build on temporary emergency data collection rules implemented from February 2024 to February 2025.
The move is part of a broader clash between the oil industry and environmental advocates over regulations and producer crackdowns. The European Commission has also enacted similar regulations, set to come into effect on the same date.
These new rules in California require oil businesses to provide detailed operational data to the public, with the goal of preventing gasoline price spikes. The regulations make permanent earlier emergency data collection measures and align with similar European Commission rules.
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