Press Release
Exxon Parked Tanker In Singapore, Chevron Exported To Drive Price Spike
Santa Monica, CA — Consumer Watchdog delivered a report today to a state panel finding that California’s largest oil refiners calibrated imports and exports of gasoline to artificially inflate gasoline prices during the first nine months of 2015, when gas prices were consistently $1 per gallon higher than the nationwide average.
Press Release
Santa Monica, CA — Tesoro, the state’s second largest refiner, reported today that 2015 was its best year ever for refining in California. Based on an analysis of the company’s annual filing, Consumer Watchdog has found that in 2015 the company made $1.9 billion in California alone- their best year ever by over a billion dollars. The company controls 27% of California’s refining capacity. Tesoro made $423 million in California in the fourth quarter of 2015.
Press Release
Santa Monica, CA — Chevron’s US refining profits soared to their highest ever in 2015, thanks to California drivers who paid inflated prices for gasoline, Consumer Watchdog said today.
Press Release
Santa Monica, CA — Valero, California’s fourth largest oil refiner, reported $852 million in profits from oil refining in California in 2015, blowing past prior years’ profits by treating drivers who buy California gasoline as cash cows, Consumer Watchdog said today.
Press Release
Santa Monica, CA — Following a Nebraska court’s ruling that the Keystone XL pipeline can be built, the nonprofit Consumer Watchdog said the issue should be moot for the Obama administration, the decision-maker, because the building of the pipeline will raise American gasoline prices – which are at historic lows.
