Bill looks to ‘open books’ of oil refineries. Could it lower California’s high fuel costs?

While Californians watch their average gas prices surge to over $5.70 a gallon, consumer advocates are demanding new disclosures to reveal how much oil refiners are profiting off your latest fill up at the pump.

State Sen. Ben Allen, a Santa Monica Democrat, has introduced SB 1322, which would require oil refiners to disclose the average price they pay for crude oil along with the profit margins on the gasoline they sell every month.

“Let’s end the games of smoke and mirrors,” Allen said at a news conference on Friday. “Open your books, show the public your true cost of doing business.”

California currently has the highest fuel costs in

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Bill looks to ‘open books’ of oil refineries. Could it lower California’s high fuel costs?

While Californians watch their average gas prices surge to over $5.70 a gallon, consumer advocates are demanding new disclosures to reveal how much oil...