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CA Data Shows Record Gas Price Spikes = Record Return For California Refiners; Oil Refiners Double Their Margins From Recent Pain at The Pump For Consumers
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...
Oil Refiner Profiteering Behind Huge Gasoline Price Run-up; Watchdog Questions Exports of Fuel To South and Central America
Santa Monica, CA – Consumer Watchdog today said the recent sixty cents increase at Southern California gasoline pumps is the result of profiteering by California oil refiners and low inventories maintained by the companies to drive up prices in the state...
Californians Overcharged $4.5 Billion For Gasoline “Gouging Gap” Since Price Spike Began; Gas Prices Set To Climb Even More
Santa Monica, CA— Californian drivers, who have paid an average of 74 cents more per gallon at the pump than drivers nationwide, have shelled out $4.5 billion more for their gasoline than US drivers from February to June, Consumer Watchdog said today. The...
Consumer Watchdog Presents Evidence To Attorney General & State Of Oil Refiners’ Unprecedented Market Manipulation To Artificially Raise Gas Prices
Berkeley, CA --- 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...
West Coast Oil Companies Exported Record Amount of Gasoline to Foreign Nations A Month Before “Supply Shortage” Price Spike That Cost Californians $3.6 Billion
Santa Monica, CA - Oil companies exported more gasoline from the West Coast to foreign nations in the month of December 2014 than ever in the nation’s history, according to Energy Information Administration data analyzed by Consumer Watchdog. The exports came...
Southern California Gas Price Difference With U.S. Greatest In 15 Years; 3 Month Bill To Californians Hits $2.4 Billion as CA Oil Refining Profits Soar
Santa Monica, CA — Gasoline price spikes cost Californians an extra $2.4 billion for their gasoline between February and April based on the average pump price paid by the average American. Southern Californians are currently paying $4.00 per gallon for...
Tesoro CEO Admits Refinery “Disruption” and Shutdowns = Big Profits, Echoing Chevron Statements About Pump Spike
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...
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...
Consumer Watchdog Challenges Proponents Of San Francisco Home Sharing Regulation Ballot Initiative To Withdraw Measure’s Privacy Flaws That Violate City’s Core Values
Santa Monica, CA – Consumer Watchdog today called on the proponents of a San Francisco ballot initiative that would regulate home sharing platforms, like Airbnb, to withdraw the measure’s privacy violating provisions that are “antithetical to San...
Privacy And Taxation Can Go Hand In Hand, Consumer Watchdog Tells San Francisco And Sacramento Lawmakers
SANTA MONICA, CA – Consumer Watchdog today called for amendments to proposals under consideration in San Francisco and in the California Senate aimed at regulating home sharing platforms like Airbnb, that would ensure privacy and allow occupancy taxes to be...