Home › Price Gouging

Price Gouging

Video
8/6/2015
Posted by Mark Reback
Consumer Watchdog and NextGen Climate are calling for a change in law to protect consumers from inflated prices at the pump. "This is a market that is not functioning for California consumers and it's functioning for the people who are running the market, and that has got to change," NextGen Climate president Tom Steyer said.Both...
News Story
8/6/2015
Posted by Mark Reback
Anybody looking for drivers pleased by the recent plunge in oil prices would be hard pressed to find them in Los Angeles. Gasoline in the second-largest U.S. city costs almost the same as a year ago even after oil prices dropped by more than half. A February explosion at an Exxon Mobil Corp. refinery in Southern California reduced supplies of...
News Story
8/6/2015
Posted by Mark Reback
As gas prices slowly drop across the region, California motorists can take a sigh of relief after spending $1.2 billion more on gas than the rest of the nation in July, while refineries brought in record profits, according to Consumer Watchdog. The group, a nonprofit that advocates on behalf of consumer interests, said California drivers spent $...
Blog Post
8/5/2015
Posted by Cody Rosenfield
NextGen Climate Founder and businessman Tom Steyer joined Consumer Watchdog today to release a new report on California oil refiner price gouging. The new report used corporate and state data to analyze refiner profits in the state, which have grown exponentially since California's price spike began in February. If calls on elected officials...
News Release
8/5/2015
Posted by Jamie Court
Santa Monica, CA — California has broken all records for the biggest gap between what consumers here have paid so far versus the rest of the nation for gas at the pump, Consumer Watchdog said today. Californians paid $1.2 billion more, after tax differentials, than the rest of the nation in the month of July, a record, and $4.8 billion more...
Video
8/5/2015
Posted by Mark Reback
NextGen Founder and businessman Tom Steyer joined Consumer Watchdog today to release a new report on California oil refiner price gouging. The new report used corporate and state data to analyze refiner profits in the state, which have grown exponentially since California's price spike began in February. If calls on elected officials do not...
News Story
8/5/2015
Posted by Mark Reback
SANTA MONICA, Calif. (AP) — Billionaire environmentalist Tom Steyer called on California legislators Wednesday to require oil companies to disclose how much they make in profits from refining oil in the state. Steyer was joined by the nonprofit Consumer Watchdog in condemning what they called historic profits for oil refiners at the expense...
News Release
8/5/2015
Posted by Jamie Court
Santa Monica, CA -- Analysis of Tesoro’s earnings released today showed that the company made more California refining profit in the second quarter than ever in the company’s history. Based on the number of barrels the company refined in California, and the profits they made from each barrel, Consumer Watchdog calculates that the...
News Story
8/5/2015
Posted by Mark Reback
A consumer advocacy group says Californians paid a $4.8-billion premium compared with prices in the rest of the nation during the first half of 2015 because of the state's gasoline price spike, and it proposed legislation to fix what it sees as problems in the market. At a news conference Wednesday, Consumer Watchdog, backed by billionaire...
News Story
8/5/2015
Posted by Mark Reback
Southland motorists are used to getting gouged at the pump. But a new report from Consumer Watchdog reveals that since the state’s record gasoline price spike began in February, Californians have paid $4.8 billion more than the rest of the nation for regular gasoline. That figure comes from a Consumer Watchdog analysis of state and federal...