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News Release
7/30/2015
CONTACT Cody Rosenfield & Liza Tucker
Santa Monica, CA – Valero reported $294 million in second quarter California profits, more than ten times higher than the same quarter last year when the Texas refiner made $24 million. The most staggering increase came in per barrel profits. Last year the company made just 99 cents per barrel in California. This year that number reached $11...
Video
7/22/2015
Consumer Watchdog’s research has shown that low inventories and recent exports of California’s refined supply have sent California gasoline prices to a record gap with American gas prices. Refined supplies are being exported to South and Central America even as low refining capacity and inventories in the state are pushing pump prices...
Video
7/22/2015
Consumer Watchdog, a nonprofit consumer advocacy organization, says oil refineries are pocketing more money than ever in California history because of the recent spike in gas prices. On average, Los Angeles County drivers are currently paying $4.25 per gallon for regular gas, $1.50 more than the nationwide average. The Santa Monica-based group is...
News Release
7/22/2015
CONTACT Jamie Court, Cody Rosenfield & Liza Tucker
Santa Monica, CA -- Newly posted data from California oil refiners shows that record price spikes at the pump have translated to a record high return to the oil companies of $1.17 per gallon in May of 2015. The average amount that a refiner receives for a gallon of gasoline has been just 46 cents since 1999, according to the California Energy...
Video
7/22/2015
Newly posted data from California oil refiners shows that record price spikes at the pump have translated to a record high return to the oil companies of $1.17 per gallon in May of 2015. The average amount that a refiner receives for a gallon of gasoline has been just 46 cents since 1999, according to the California Energy Commission (CEC), but...
Video
7/13/2015
“There is no good reason for the latest outrageous run up at the pump other than oil refineries manipulating inventories to drive gas prices artificially high. Californians should be outraged by this gouging and officials should consider forcing oil refiners to open their books and justify their refinery outages, exports and inventories....
Video
7/13/2015
This is all about refiners keeping us running on very low inventory so they can charge very high prices and make the profits. President of Consumer Watchdog says inventories are down because oil imports into California have stopped.
Video
7/10/2015
Consumer Watchdog is pushing for serious scrutiny from the Attorney General's office. At the center of their findings, a pricing technique which may violate anti-trust laws. Jamie Court, president of Consumer Watchdog says, "we have four refiners that control 78% percent of the market. All they have to do is pull a couple of ships and the...
Video
7/10/2015
Consumer Watchdog based in Santa Monica -- says oil refineries are working hard to keep the state running on empty with planned outages -- and other price surging tactics. "it's profitable for the oil refineries to keep us on low inventories and take refineries offline and they aren't importing the supplies we need to keep the prices...
Video
7/1/2015
At a meeting of the state commission charged with investigating gas price manipulation, Consumer Watchdog delivered an analysis showing that since the end of May California’s largest oil refiners have engaged in unprecedented price manipulation to keep California gasoline prices artificially high using their leverage over prices at their...