Tag Archive | "refining-operations"

$5 a Gallon Knocks Out Truckers

Friday, May 23, 2008

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$5 a Gallon Knocks Out Truckers

5-23-08 by dugan There’s no one harder hit by fuel prices than the nation’s truckers, and they’re going bankrupt at near record rates. The price of diesel jumped a nickel a gallon nationwide today, to $4.649, which is $1.72 a gallon above the price a year ago. In California, diesel is on average just three […]

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Bush Forced to Cap Oil Reserve

Friday, May 16, 2008

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Bush Forced to Cap Oil Reserve

White House Forced to Cap Oil Reserve; Should Embolden Congress to Push for More To Drop Energy Prices Consumer Watchdog Calls for Sales from Reserve, Warning to Refineries, Swift Action on Oil Trading Curbs Judy Dugan, 213-280-0175 (cell); or John M. Simpson, 310-392-0522, x317   Santa Monica, CA — The Energy Department’s announcement that it […]

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Oil Supply Up, Price Down

Wednesday, May 14, 2008

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Oil Supply Up, Price Down

5-14-08 by dugan     I hope the nay-sayers who insist that stopping the flow of oil into the federal Strategic Petroleum Reserve won’t drop prices were watching today. On news that U.S. petroleum supplies went up 200,000 barrels, the price of oil dropped by up to $2.24 a barrel. So… If President Bush stopped […]

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Tax Refunds Going to Gas Tanks

Monday, May 12, 2008

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Tax Refunds Going to Gas Tanks

Gas Up 11 Cents In Week, 34 Cents In a Month; Consumers’ Tax Incentive Going Straight to Gas Tanks White House Scorns Action, Congress in Gridlock as Soaring Prices Push Inflation, Motorists Cry ‘Uncle’   CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 May 12, 2008 Santa Monica, CA — An 11-cent rise in […]

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Chevron’s Record 1st Qtr Profit

Friday, May 2, 2008

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Chevron’s Record 1st Qtr Profit

NEWS RELEASE: Chevron Rides Soaring Crude Oil Prices To Record Profit As Consumers Feel Squeeze At Pump CONTACT: John Simpson, 310-392-0522 x317, cell 310-292-1902; or Jamie Court x327 May 02, 2008 Santa Monica, CA — Chevron today posted record first-quarter profits of $5.17 billion while Californians struggled with soaring gas prices climbing over $4 a […]

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Exxon Posts More Record Profits

Thursday, May 1, 2008

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Exxon Posts More Record Profits

NEWS RELEASE May 01, 2008 ExxonMobil Profits Soar to Record On Speculative Oil Prices While Consumers and Economy Suffer Bush, Congress Avoid Real Solutions; Stance Is Inexcusable as Pump Price Soars, Says Consumer Group  CONTACT: John Simpson 310-392-0522, x317; cell 310-292-1902; or Jamie Court x327 Santa Monica, CA — Record first-quarter profits, up a staggering […]

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Shell & BP Record 1st Qtr Profits

Tuesday, April 29, 2008

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Shell & BP Record 1st Qtr Profits

NEWS RELEASE:  April 29, 2008 Speculative Oil Price Brings Roof-Busting Profits to Shell, BP at Cost of Squeezed Consumers, Suffering Economy Government’s ‘Business as Usual’ Stance Is Inexcusable as Pump Price Soars, Says Consumer Group CONTACT: Judy Dugan, cell: 213-280-0175; or John Simpson, 310-392-0522, ext. 317 Santa Monica, CA — The first-quarter record profits reported […]

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Conoco's Profit = Higher Gas $

Thursday, April 24, 2008

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Conoco's Profit = Higher Gas $

NEWS RELEASE:   Consumer Group Sees Warning in Oil Profit Report that Refining Profits Set to Rise, Spiking Gasoline Prices Further    Analyst Predicts Over $4 a Gallon Nationally, Up To $5 in California CONTACT: Judy Dugan, 310-392-0522, ext. 305; or Tim Hamilton, 360-495-4941 April 24, 2008 Conoco Phillips’ CEO all but apologized for his […]

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Milk Is Sold Fairly; Not Gas

Wednesday, April 23, 2008

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Milk Is Sold Fairly; Not Gas

4-23-08 by dugan   Edited 4/23, 5:00 p.m. to use exact temperature benchmarks, as provided by K. Floren.  Around a meeting table at the California Energy Commission today, some of us were stifling yawns. Then, in one sentence, a veteran weights and measures regulator put the "hot fuel" issue in a perfect frame: Every packaged […]

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How to Have It Both Ways

Thursday, April 17, 2008

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How to Have It Both Ways

4-17-08 by dugan Yep, the price of oil keeps rising. But the price of gasoline is now rising even faster, up nearly two cents a gallon in one day to $3.418 nationally. Here’s how it’s done, courtesy of a few paragraphs tucked into a larger Bloomberg story: The Energy Department yesterday reported an unexpected decline […]

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