Home › Oil Companies

Oil Companies

News Story
6/12/2015
Posted by Mark Reback
A consumer advocacy group — Consumer Watchdog — is blaming increased gasoline exports from California for the recent spike in pump prices in the state, the Chron$ reports. Oil companies in California set a record for exports late last year, leaving the state with less gasoline — and thus higher prices. Consumer Watchdog is...
News Release
6/11/2015
Posted by Jamie Court
Santa Monica, CA - Oil companies exported more gasoline from the West Coast to foreign nations in the month of December 2014 than ever in the nation’s history, according to Energy Information Administration data analyzed by Consumer Watchdog. The exports came just one month before California experienced a “supply crisis” that has...
News Story
6/11/2015
Posted by Mark Reback
LOS ANGELES (CBSLA.com) — Oil companies exported “unprecedented” amounts of gasoline from the West Coast to foreign nations just prior to a huge spike in the price of gasoline in California, a consumer advocacy group said Thursday. Citing information from federal sources, Jamie Court with Consumer Watchdog told reporters the...
Video
6/11/2015
Posted by Mark Reback
A California consumer group has accused oil companies of driving up prices in the state by sending millions of gallons of gasoline offshore. Even though crude oil prices are at about $65 dollars a barrel, gas prices in California are close to $4 a gallon. Californians pay more than the rest of the country for gasoline. According to Consumer...
News Story
6/10/2015
Posted by Mark Reback
In December, one month before pump prices started soaring across California, a record amount of gasoline left West Coast refineries, to be sold elsewhere. Exports of finished gasoline from the West Coast hit an abrupt, all-time high of 2.7 million barrels in December, according to federal government data. The export surge came as California...
News Story
6/1/2015
Posted by Mark Reback
Just about two years ago, when gasoline prices in most of California last moved well above the $4-per-gallon level, crude oil cost $147 a barrel. Oil companies said the high price of crude was a major factor in that price spike. This spring, when gas pump prices again jumped above $4 in many places, crude oil fell under $50 per barrel for awhile...
Video
5/24/2015
Posted by Consumer Watchdog Admin
Some are wondering why gas prices are up at a time when crude oil prices remain low. "The last time gas prices were over $4.00 in California, crude oil prices were over $100 a barrel. Today, crude oil prices are about $60 a barrel," said Jamie Court, president of the non-profit Consumer Watchdog.
Video
5/22/2015
Posted by Consumer Watchdog Admin
"California’s oil refiners are the only industry in America that make a fortune when their factories go down,” said Jamie Court, President of Consumer Watchdog. “Oil company CEOs are boasting to investors on conference calls about huge West Coast profits from their refinery outages while refusing to appear before state...
News Story
5/20/2015
Posted by Mark Reback
Will rising gas prices put a U-turn in holiday travel plans? Not according to AAA, which expects 37 million Americans to travel during the Memorial Day weekend, the most since 2005. The group expects 2.31 million people in Southern California to hit the road. Driving, AAA says, will be the top choice for travelers nationwide as 9 out of 10...
News Story
5/19/2015
Posted by Mark Reback
There is absolutely no doubt about a few facts surrounding the gasoline price surge Californians experienced in late winter and early spring. In March, California prices averaged 84 cents per gallon higher than the national average of $2.54 per gallon, rising to $3.38 after a wintertime dip. That meant Californians spent $34 million per day more...