Home › Oil Prices

Oil Prices

News Story
2/8/2016
Posted by Mark Reback
The California Petroleum Market Advisory Commission heard testimony from oil company and consumer groups today explaining why we're paying 77 cents-per-gallon more for gas than the rest of the country. Jamie Court is with group Consumer Watchdog. He says oil companies have used an outage at an Exxon refinery in Southern California as an...
News Story
2/8/2016
Posted by Mark Reback
California's largest oil refiners calibrated imports and exports of gasoline to artificially inflate gasoline prices during the first nine months of 2015, when gas prices were consistently $1 per gallon higher in California than the nationwide average, claims a Santa Monica-based consumers group. In a report it submitted Monday to the...
News Story
2/8/2016
Posted by Mark Reback
A consumer group on Monday accused America’s two largest oil companies — Exxon Mobil Corp. and Chevron Corp. — of deliberately starving California’s gasoline market of supplies last year in a bid to push up prices. And according to Consumer Watchdog, the effort worked. Several times last year, gasoline in California cost $1...
News Story
2/8/2016
Posted by Mark Reback
A variety of factors have conspired to boost California gas prices California motorists have long complained about high prices at the pump, but few drivers are aware of all the factors that push gasoline prices so high. Consumer Watchdog’s report offers a big piece of the puzzle. It alleges that California’s largest oil refiners...
Video
2/8/2016
Posted by Mark Reback
Consumer Watchdog accused America’s two largest oil companies — Exxon Mobil Corp. and Chevron Corp. — of deliberately starving California’s gasoline market of supplies last year in a bid to push up prices.
Video
2/8/2016
Posted by Mark Reback
Gouging by oil companies could be one reason California drivers pay about 76 cents more for a gallon of regular gas than motorists elsewhere in the nation, a state government panel was told by Consumer Watchdog on Monday.
News Release
2/2/2016
Posted by Cody Rosenfield
Santa Monica, CA -- Tesoro, the state’s second largest refiner, reported today that 2015 was its best year ever for refining in California. Based on an analysis of the company’s annual filing, Consumer Watchdog has found that in 2015 the company made $1.9 billion in California alone- their best year ever by over a billion dollars. The...
News Release
1/29/2016
Posted by Jamie Court
Santa Monica, CA -- Chevron's US refining profits soared to their highest ever in 2015, thanks to California drivers who paid inflated prices for gasoline, Consumer Watchdog said today. More than half of Chevron's US refining takes place in California. US refining profits made up $3.1 billion of Chevron's annual profit of $4.6 billion...
News Release
1/28/2016
Posted by Jamie Court
Santa Monica, CA -- Valero, California’s fourth largest oil refiner, reported $852 million in profits from oil refining in California in 2015, blowing past prior years’ profits by treating drivers who buy California gasoline as cash cows, Consumer Watchdog said today. The company’s California refining profits were triple the...
News Story
12/21/2015
Posted by Mark Reback
Refinery problems hit California again as the nationwide average falls to $1.99 a gallon The nationwide average for a gallon of regular gasoline fell below $2 on Monday for the first time since March 2009 — but L.A. prices are nowhere near that milestone and probably are as low as they are going to get. While motorists nationwide are...