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Price Manipulation

News Story
7/11/2016
Posted by Mark Reback
California’s top prosecutor is investigating whether major oil refiners defrauded consumers by colluding to boost gas prices above what the rest of the country paid last year after the shutdown of the ExxonMobil refinery. The inquiry by Attorney General Kamala Harris comes in the wake of a report by the nonprofit group Consumer Watchdog that...
News Story
7/11/2016
Posted by Mark Reback
TARZANA, Calif. (KABC) -- Whether prices are up or down, Californians consistently pay more than people in other states, and California State Attorney General Kamala Harris wants to find out why. Drivers are filling up for under $3 a gallon at many Southern California gas stations, but that wasn't the case last year. The group Consumer...
News Story
7/4/2016
Posted by Mark Reback
California Attorney General Kamala Harris has come around to confronting the big oil refineries over the big price gap between what we pay for gas here in California and what motorists pay in the rest of the country.  But she took her time to get around to it, says Consumer Watchdog President Jamie Court. “She’s a very...
News Story
7/1/2016
Posted by Mark Reback
2015's high gas prices across California could have CA Atty General's office probing into suspected $10 billion gouging by state refineries. Santa Monica, CA —Do you still flinch when you're filling up? Last year, California drivers were gouged to the tune of $10 billion at the pump last year, according to the Santa Monica...
News Story
7/1/2016
Posted by Mark Reback
California drivers were paying as much as $1.50 more per gallon than drivers in the rest of the nation. Santa Monica, CA — California drivers were gouged to the tune of $10 billion at the pump last year, Santa Monica consumer advocacy group Consumer Watchdog said Thursday. The group was reacting to a report from the Wall Street Journal about...
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...
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...