Home › speculation

speculation

News Story
2/17/2015
Posted by Mark Reback
America's long holiday at the gas pump has come to an end, with prices finally rising after seven months of steady decline. And in California, they're starting to soar. The state's average cost for a gallon of regular gasoline has jumped 36 cents since the end of January, reaching $2.79 on Monday, according to GasBuddy.com. Prices are...
News Release
5/17/2013
Posted by Liza Tucker
SANTA MONICA, CA –A green light that Tesoro’s purchase of BP’s big refinery in Carson complies with anti-trust laws means over time gas prices will go up in the state, Consumer Watchdog said today.  The approval by the Federal Trade Commission and California Attorney General of Tesoro’s acquisition of BP’s Carson...
News Story
5/17/2013
Posted by Mark Reback
WASHINGTON/HOUSTON (Reuters) - Refiner Tesoro Corp. (TSO.N: Quote, Profile, Research, Stock Buzz) has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's (BP.L: Quote, Profile, Research, Stock Buzz) refinery and other assets in southern California for more than $2 billion. Tesoro will not...
News Story
3/4/2013
Posted by Mark Reback
Are you ready for $6-per-gallon gasoline? Then $7 a little later? Premium grades of gasoline already go for more than $5 per gallon in some parts of California; regular has been above $4.50 for a month at hundreds of service stations. There is no promise these near-record price levels will drop anytime soon, especially with summer approaching and...
News Story
1/13/2013
Posted by Mark Reback
Require More Inventory At Oil Refineries, Watchdog Says Jamie Court has what he says is a simple way to prevent the gasoline price spikes that have cursed California drivers for years: Require refineries to keep at least three weeks' worth of gas in stock at all times. If a refinery breaks down, the market will still have plenty of fuel....
News Story
11/18/2012
Posted by Mark Reback
A new report calls into question gasoline price spikes in California this year, arguing costs outpaced the traditional supply-and-demand model and insinuating market manipulation on the part of oil refineries. The report, released Thursday by Oregon consultant group McCullough Research, tracked nitrous oxide levels - chemicals released during...
News Story
10/22/2012
Posted by Mark Reback
For nearly two decades, Santosh Arya has pumped some of the San Diego area's cheapest gas at his three Homeland Petroleum stations. But his streak ended early this month, when wholesale prices started rising sharply, then shot up 40 cents a gallon overnight. To break even, Arya calculated he would have to sell a gallon of regular at $5.10...
News Story
10/6/2012
Posted by Mark Reback
Pump prices soar in California after refinery outages and other problems. Some stations charge more than $5 a gallon, others shut down. Some analysts hope the spike will be short-lived. California drivers are reeling from days of sharp gasoline price increases that left the state within reach of its record high. Economists warn that a prolonged...
News Story
10/6/2012
Posted by Mark Reback
This week's abrupt spike in California gasoline prices could peak within days, analysts said Friday. But before it does, price records could be broken throughout the state. California's average for a gallon of regular jumped 17 cents overnight to hit $4.49 Friday morning, according to the AAA auto club's daily price survey. That...
Blog Post
5/15/2012
Posted by Judy Dugan
The rest of the country is happily watching gasoline prices sink as the latest bubble in oil crude prices springs a leak. Except California. Nationally, gasoline prices are down more than 15 cents a gallon over the last month, according to the daily AAA fuel gauge. California drivers are still cringing, with prices up more than 15 cents a...