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News Release
5/8/2015
CONTACT Jamie Court & Cody Rosenfield
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...
Video
5/6/2015
Michael Finney covers a new report from Consumer Watchodg that confirms what California motorists have long suspected — oil refiners are drawing deep profits from gasoline price spikes. Tom Steyer & Jamie Court explain.
Video
5/5/2015
Consumer Watchdog released a report on Tuesday arguing that oil refineries have made large profits from recent gasoline price spikes. They argue that oil companies should be required to keep more gasoline in stockpiles in case a refinery goes down.
Video
5/5/2015
KTVU - SAN FRANCISCO (KTVU) - Prices have once again spiked at Bay Area gas pumps. KTVU spoke with customers at a San Francisco Chevron station where gas is now $4 a gallon. "A few weeks ago, I was paying about $3.20, $3.30. I don't see how it went up 50 cents over three weeks," says customer Marvin Moran. Once again, California...
Video
5/5/2015
Consumer Watchdog reiterated its call for greater state regulation of oil refiners. “Their incentive is to keep the current system of low inventories, downed refineries and little transparency in place,” the report concluded. “Governmental intervention is the only hope for changing a system that’s been tilted against...
Video
5/5/2015
Consumer Watchdog published a new report, “Refining Profits: How Californians Get Fleeced At The Pump,” showing that oil refiners have made large profits from gasoline price spikes recently and over the last decade.
News Release
5/5/2015
CONTACT Jamie Court & Liza Tucker
San Francisco, CA — Consumer Watchdog published a new report today, “Refining Profits: How Californians Get Fleeced At The Pump,” showing that oil refiners have made large profits from gasoline price spikes recently and over the last decade. The report reviewed ten years of publicly available profit data. “The proof’...
News Release
4/30/2015
CONTACT Liza Tucker & Cody Rosenfield
Santa Monica, CA—The price of a gallon of regular gas in California spiked up another 40 cents this week and now stands at $3.59 a gallon at the pump due to fresh problems refineries have tried to conceal, Consumer Watchdog said today. Californians are now paying exactly a dollar more than the US average.   “By keeping the system...
Video
4/30/2015
The new spike in gas prices comes as Consumer Watchdog continues its in-depth analysis of California’s 2015 price spikes. The analysis includes a historical look at California refiners, their market control, and how they manipulate the market to reap windfall profits through spikes that cause sticker shock at the pump. Read the report here:...
News Release
4/28/2015
CONTACT Liza Tucker & Jamie Court
Santa Monica, CA – Consumer Watchdog today said that a price spike of 28 cents per gallon at the pump over the last week was likely caused by a refinery outage or other refinery problems that the public is not privy to, and called on the California Senate to act.   The price of regular gas in California is now $3.44 per gallon, 89 cents...