Bill > SB1322

This bill, the California Oil Refinery Cost Disclosure Act, aims to increase transparency in the state's petroleum industry. The key provisions are: 1. Requires operators of refineries in California that produce gasoline to submit monthly reports to the State Energy Resources Conservation and Development Commission (the Commission) with detailed information about their refining activities, including crude oil prices, wholesale gasoline sales volumes and prices, and the gross gasoline refining margin. 2. Requires the Commission to post the reported data, in aggregate form, on its website within 45 days of the end of each month. 3. Imposes civil penalties on refiners that fail to timely submit the required information. 4. Allows refiners to request certain information be held confidential to avoid unfair competitive disadvantage, but the confidentiality provision does not apply to the aggregate data that must be publicly posted. 5. Makes legislative findings to justify the limitation on public access to the confidential information provided by the refiners. The overall intent is to provide greater visibility into the costs and pricing practices of California's oil refineries in order to address concerns about the increasing differential between national and California gasoline prices.

Agriculture and Natural Resources, Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202120220SB1322