With high gas prices, California lawmakers announced they would investigate oil companies they say are 'abusing a historic situation to suck profits from Californians' wallets.'
As stocks plunge and costs continue to rise, ABC News' Rebecca Jarvis explains why experts say the U.S. economy may be headed toward a recession.
California gas prices have historically been among the country's highest, prompting a number of previous studies and inquiries by state officials - including an investigation by former Attorney General Bill Lockyer, who was outraged when prices reached $1.71 per gallon in San Francisco in 1999. Gov. Gavin Newsom asked for an investigation by the state attorney general, an investigation that is still pending nearly three years later.
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