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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.
Press Release
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 in the first quarter for the company.
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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.
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Refiners Remain Silent Because Law Does Not Require them to Disclose Information
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.
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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.
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Santa Monica, CA — California drivers paid $1 billion extra at the pump in March, when compared to the national average gas price charged to U.S. drivers, according to an analysis of the latest government…
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Santa Monica, CA — The nonprofit group Consumer Watchdog said that California legislation being debated today to cut petroleum demand in half will radically reduce the price of fuel in California.
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Santa Monica, CA — Business leader, philanthropist and climate activist Tom Steyer and Consumer Watchdog President Jamie Court asked California lawmakers to subpoena oil industry executives to explain why California’s gasoline market is structured for shortages and volatility. The executives declined to testify at a March 24 hearing before a joint Senate Committee hearing into February’s dollar-a-gallon price spike at the pump.
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Santa Monica, CA — At a California State Senate hearing on February gasoline price spikes, Consumer Watchdog issued a report finding that California oil refiners have about half as much gasoline on hand than the rest of America, creating a volatile market that leads to gasoline price spikes. The report, “Price Spiked: How Oil Refiners Gouge Californians On Their Gasoline and What It Costs,” showed that Californians paid $550 million extra for their gasoline in February compared to drivers nationwide by calculating the difference between US and state prices and allotting for consumption.
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Consumer Watchdog Calls For Increased Oil Reserves
Santa Monica, CA – Consumer Watchdog today reiterated calls for an increase in the state’s oil reserves as Los Angeles gas prices jumped $1.03 cents in the last month, the highest in the state, according to AAA’s Fuel Gauge Report website. Los Angeles prices at the pump for regular gas have reached $3.53 per gallon, a dollar and nine cents, or 45% higher than the national average of $2.44 per gallon.
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Santa Monica, CA — Consumer Watchdog said today that prices per regular gallon of gas in California were up an unprecedented 96 cents in the last month, nearly triple the 38-cent increase per gallon nationwide.
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California Gas Prices Up 70 Cents a Gallon at Pump Since February 1
Santa Monica, CA — Consumer Watchdog said it looked forward to working with Senate lawmakers who today set hearings for March on possible refinery price manipulation, as the group had requested.
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Santa Monica, CA—Responding to a shutdown of two refineries that produce 16 percent of the state’s gasoline, Consumer Watchdog called on state officials to send independent inspectors to verify refinery claims that the shutdowns were really necessary.
