SACRAMENTO, California — Phillips 66 announced Wednesday that it will close its Los Angeles oil refinery next year, citing “long-term uncertainty” two days after Gov. Gavin Newsom signed a law clearing the way for new regulations on the state’s refiners.

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed a law Monday aimed at preventing gas prices from spiking, marking the Democrat’s latest move in a battle with the oil industry over energy prices and the impacts of climate change.

Gov. Gavin Newsom on Monday signed a bill that could force oil refineries in the state to hold onto a minimum amount of fuel — a policy he aggressively pushed lawmakers to pass in a special session as a way to prevent future spikes in gasoline prices.

The state Senate signs off on Gov. Newsom’s bill to stop spikes in California gas prices. A final vote is scheduled on Monday.

The California State Senate voted to advance Gov. Newsom's proposal that would give new power to the state's unelected energy commission to set new rules around fuels storage and refinery maintenance,

The California State Senate on Friday advanced Gov. Gavin Newsom’s (D) controversial proposal to tighten rules on refinery fuel storage — an attempt to avoid future supply scarcity as well as price hikes at the pump.