Home › Holding Big Oil Accountable

Holding Big Oil Accountable

News Story
6/16/2016
Posted by Mark Reback
A potential natural gas shortage that could develop later this year due to a lack of storage capacity following the Porter Ranch gas leak could hamper the five Los Angeles area refineries that make gasoline. To assess the risk, the California Energy Commission is hearing from experts and the public at a workshop Friday in San Pedro. The...
News Story
6/11/2016
Posted by Mark Reback
Los Angeles-area gasoline prices rose over the last week and could tick even higher as a result of unplanned refinery outages and delays in the Exxon Mobil Torrance refinery’s return to full service, fuel experts said. Exxon Mobil has restored 50% to 75% of the Torrance refinery’s capacity, helping to narrow the gap between the price...
News Story
5/6/2016
Posted by Mark Reback
The process, expected to emit excess pollutants for about six hours in violation of regulations, is delayed two days ExxonMobil announced Friday evening that the long-awaited restart of its Torrance refinery, scheduled for 7 p.m. Saturday to 7 a.m. Sunday, would be postponed two days for “operational” reasons, authorities said....
News Story
5/5/2016
Posted by Mark Reback
The February 2015 explosion that shuttered the ExxonMobil plant in Torrance was the costliest disruption at a California refinery in the past 16 years, with motorists paying at least $2.4 billion in higher pump prices in the following six months, according to a recent RAND study. Soaring prices stemming from the lost gasoline supply sucked a...
Blog Post
4/27/2016
Posted by Jamie Court
It's probably hard to feel the sting of state gasoline prices, that are 70 cents per gallon above US prices, when you are in an ivory tower.  Perhaps that's why some of the academics on California Energy Commission's Petroleum Market Advisory Committee (PMAC) are taking a slow train to recommendations about how to fix the...
News Release
4/22/2016
Posted by Jamie Court
Sacramento, CA -- Consumer Watchdog told a state panel looking into gasoline price manipulation today that a handful of big oil refiners have been able to charge California drivers 70 cents to $1 more per gallon than the rest of America because they have an information advantage over the rest of the market, the public and regulators. Consumer...
News Story
4/22/2016
Posted by Mark Reback
When California lawmakers met last week to begin asking questions about the recent rise in gasoline prices, Tom Steyer took notice. Steyer, the billionaire environmental activist and Democratic mega-donor, signed his name to a letter Monday sharing his appreciation for the Senate’s preliminary probe into why gas prices rose by more than $1...
Video
3/30/2016
Posted by Mark Reback
Consumer advocates say federal authorities should investigate potential price gouging of consumers by oil companies.
News Story
3/22/2016
Posted by Mark Reback
As corporate profit reports rolled in this winter from the gasoline refining industry, the case for gas price gouging grew steadily stronger. Start with the profits of the largest refiners operating in California. Then proceed to strange activities by an oil tanker, Exxon Mobil's SR American Progress. Close with hard figures provided by the...
News Story
2/26/2016
Posted by Mark Reback
Gas prices are about to soar dramatically, possibly increasing 30 cents a gallon by the weekend, according to consumer advocates and an industry expert. The increases are tied to the forthcoming switch to summer-blend gasoline, which is designed to reduce pollution in warmer weather and costs more to produce. Wholesale prices jumped 51 or 52...