Public Utilities Commison to regulate gasoline prices!

In our dreams!

The P.U.C. regulates privately owned electric, natural gas, water, railroad, rail transit, passenger transportation companies, telecommunications and even cable televsion.  In California the P.U.C. serves the public interest by protecting consumers and ensuring the provision of safe, reliable utility service and infrastructure at reasonable rates, with a commitment to environmental enhancement and a healthy California economy. (CPUC)

How is it possible that the GASOLINE has escaped this regulation?