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News Story
11/29/2012
Posted by Daniel Palay
Anyone who thought manipulation of California energy prices ended with the criminal penalties assessed against executives of companies like Enron and Williams Energy after the state's 2000-2001 electricity crunch turns out to have been hopelessly naive. All the available evidence now suggests price-fixing continues not only in electric power,...
Video
11/28/2012
Posted by Daniel Palay
Two Democratic U.S. Senators from California were among a group of lawmakers who called on the Justice Department to investigate whether oil refineries faked a supply shortage during a sharp increase in gas prices earlier this year. Lawmakers contend that West Coast refineries were producing gasoline when they were reportedly shut down during May...
Blog Post
11/27/2012
Posted by Liza Tucker
Today, senators from California, Washington and Oregon joined our call to investigate refineries, asking the Department of Justice to comb through California refineries one by one to see whether market manipulation or false reporting by oil refineries had something to do with record $5 dollar a gallon prices at some California gas stations last...
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
10/18/2012
Posted by Mark Reback
SANTA MONICA, Calif. (Legal Newsline) – Consumer Watchdog urged California Attorney General Kamala Harris on Wednesday to block a $2.5 billion offer by Tesoro to acquire Arco gas stations and BP’s refinery in Carson. Consumer Watchdog sent a letter to Harris on Wednesday warning that the recent California spike in gasoline prices is a...
News Story
10/15/2012
Posted by Mark Reback
California consumer advocates are piping up about a Texas company's plan to buy a major fuel refinery in Carson, California. San Antonio-based Tesoro is hoping to buy the Carson refinery and hundreds of retail gas stations from British Petroleum. The multibillion-dollar sale would transfer one of the state's largest refineries and Arco gas...
News Story
10/12/2012
Posted by Daniel Palay
The following Op-Ed Commentary was published on Saturday, Oct. 12, 2012, in the Los Angeles Times.   How can a power outage at a refinery spark $5-a-gallon gasoline at some L.A. stations? Why would the fact that California had to switch to the winter-blend fuel at the end of October -- a fact known all year -- raise gasoline prices to record...