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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
3/24/2013
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 skyrocketed to 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...
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...
Video
1/31/2013
Posted by Consumer Watchdog
Consumer Watchdog's Jamie Court discusses the incentive ol companies have to artificially short the California market for the sake of higher profit.
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...
Blog Post
11/9/2012
Posted by Liza Tucker
As gas prices spiked in California last month to blow past even Hawaii’s highest-in-the-nation, the state’s refineries were exporting gas. That’s right, exporting, just like the rest of the nation’s refineries. According to the Energy Department, we are now net exporters of fuel for the first time since 1949. According to...
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
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...