Home › Price Gouging

Price Gouging

News Story
7/1/2016
Posted by Mark Reback
The California attorney general has issued subpoenas to several oil refiners to learn how they set gasoline prices, which are consistently higher in California than in most other states. Chevron Corp., Exxon Mobil Corp., Valero Energy Corp. and Tesoro Corp. confirmed on Thursday that they have received subpoenas in recent weeks. The attorney...
News Release
6/30/2016
Posted by Cody Rosenfield
Santa Monica, CA - The Wall Street Journal is reporting that major California oil refiners are receiving subpoenas related to manipulating the gasoline supply to raise gasoline prices in the state. Consumer Watchdog provided evidence to the California Attorney General’s office one year ago today that refiners were using their market leverage...
News Story
6/30/2016
Posted by Mark Reback
State Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year. California drivers paid pump prices that have been as much as $1.50 higher than the rest of the nation since last summer. Gordon Schremp, senior fuels analyst for the California...
Blog Post
6/3/2016
Posted by Cody Rosenfield
Update:  The clock last reset on October 910th after an unplanned shutdown at PBF's Torrance refinery. The refinery went offline after a 25 minute power outage in Torrance.   When refineries go down, gasoline prices go up.  That's why we started the clock on the next "unplanned" refinery outage: the Golden State...
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...
News Story
4/1/2016
Posted by Mark Reback
For a year, Los Angeles area motorists have seen their gasoline prices soar as high as $1.50 a gallon more than the rest of the nation following an explosion at Exxon Mobil's Torrance refinery that destroyed the plant's pollution control system and constrained California inventories. Angry neighbors called for a permanent shutdown of the...
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...