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California is considering a bill that would allow insurers and victims of climate-driven natural disasters to sue the oil industry for damages. State Sen. Scott Wiener, who authored the bill, said the oil industry should be liable in a natural disaster because companies intentionally deceived the public about the risks of fossil fuels on climate change. Those changes have intensified storms and wildfires and caused billions of dollars in damage. Such disasters have also driven the state insurance market to a crisis. The bill is supported by several environmental and consumer protection groups, but the oil industry has already signaled it will fight the legislation.
Gas prices are once again on the decline across the U.S. That's bringing some relief to drivers now paying a little less to fill up their tanks. The AAA motor club says the national average for gas prices on Monday stood around $3.44 a gallon. That's down about 8 cents from a week ago, more than 19 cents from one month back, and over 14 cents down from this time last year. Why the recent fall in prices at the pump? Industry analysts point to a blend of mild demand and increasing supply — as well as relatively mild oil prices worldwide. The future is never promised. But, if there are no major unexpected production interruptions, some experts say that prices could keep working their way lower.
SANTA ANA, Calif. (AP) — An oil company pleaded guilty Thursday to negligently discharging crude off the Southern California coast when its un…
San Francisco is suing five of the world’s largest oil and gas companies for the costs of sea walls and other infrastructure needed to protect…
Average gas prices jumped 15 cents per gallon between February and March in the Bay Area and are nearly 75 cents higher than the national aver…
Despite a seasonal decrease in demand, California gas prices rose slightly compared to a month ago partly due to maintenance work being done a…
California gas prices remain the highest in the nation, but abundant gasoline supplies are contributing to starkly lower gas prices statewide.
A tightening supply, combined with a strong gasoline demand, is contributing to pump prices moving higher in California, according to AAA, whi…