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Video
11/19/2015
Posted by Mark Reback
The three major refiners that provide detailed profit information reported their best ever year to date from oil refining in California. Each company at least tripled their average historical profits in the third quarter, according to Consumer Watchdog’s analysis released today. Read our full report here: http://www.consumerwatchdog.org/...
News Story
11/19/2015
Posted by Mark Reback
LOS ANGELES (CBSLA.com) – Californians seem to be paying higher gas prices than anywhere else in the country. According to AAA, the current national average is $2.12 per gallon. Here is a look at the gas prices from around the country: NATIONAL AVERAGE PRICES State Gallon Colorado $2.00 Florida $2.15 Illinois $2.08...
Video
11/19/2015
Posted by Mark Reback
Californians seem to be paying higher gas prices than anywhere else in the country. Paul Magers looks into the reasons why.
News Release
10/29/2015
Posted by Jamie Court
Santa Monica, CA – The two California refiners that break out California-specific profits today reported their most lucrative California quarters ever. Tesoro’s & Valero’s quarterly reports for July through September help explain why Californians have paid a dollar per gallon over the US average during 2015, Consumer Watchdog...
News Release
5/8/2015
Posted by Jamie Court
Santa Monica, CA -- On a call with investors today, Gregory Goff, the CEO of Tesoro admitted refinery shutdowns and “disruptions” led to big profits on the oil company’s bottom line in the first quarter.  Tesoro’s profit per barrel in the first quarter jumped by 20 cents, amounting to California profits of $119 million...
News Story
5/8/2015
Posted by Mark Reback
May 8 (Reuters) - A 52-day labor strike that led to a shutdown at Tesoro Corp's refinery in Martinez, California, helped boost the company's bottom line last quarter, the company's chief executive said on Friday, prompting cries that the state's gasoline market needs to be reformed. "There's no question that during the...
News Story
3/4/2015
Posted by Mark Reback
California gas prices have shot up about $1 a gallon in the last month as oil refineries have been idled by a labor strike and an explosion. That's made gasoline much more expensive here than anywhere else in the nation — an average of $3.44 for a gallon of regular as of 7 a.m. Wednesday, according to price-tracker GasBuddy.com. Hawaii...
News Release
3/3/2015
Posted by Liza Tucker
Santa Monica, CA – Consumer Watchdog today reiterated calls for an increase in the state’s oil reserves as Los Angeles gas prices jumped $1.03 cents in the last month, the highest in the state, according to AAA’s Fuel Gauge Report website. Los Angeles prices at the pump for regular gas have reached $3.53 per gallon, a dollar and...
News Release
3/2/2015
Posted by Liza Tucker
Santa Monica, CA -- Consumer Watchdog said today that prices per regular gallon of gas in California were up an unprecedented 96 cents in the last month, nearly triple the 38-cent increase per gallon nationwide. “This is all pure profit for the oil companies,” said Consumer Advocate Liza Tucker. “The Senate has called hearings...
News Release
2/27/2015
Posted by Liza Tucker
Santa, Monica CA—Gas prices have jumped up 80 cents a gallon in California since refinery shutdowns and slowdowns began on February 1, and 17 cents in Los Angeles overnight, making just announced California Senate hearings even more urgent, Consumer Watchdog said today. “There is just no good explanation for why consumers are paying...