oil refineries – Page 2

Press Release

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

22. July 2015

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 gasoline has been just 46 cents since 1999, according to the California Energy Commission (CEC), but recently updated data on the CEC website shows that in May refiners took home more per gallon than ever before. Consumer Watchdog had urged the CEC to update the data, which had not been posted since August.

Press Release

Californians Overcharged $4.5 Billion For Gasoline “Gouging Gap” Since Price Spike Began; Gas Prices Set To Climb Even More

CONTACT: Jamie Court

9. July 2015

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.

Press Release

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

CONTACT: Jamie Court

11. June 2015

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

Tesoro CEO Admits Refinery “Disruption” and Shutdowns = Big Profits, Echoing Chevron Statements About Pump Spike

CONTACT: Jamie Court

8. May 2015

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.

Press Release

New Report: Oil Refiners’ Profits Spike With Gasoline Price Spikes

CONTACT: Jamie Court

5. May 2015

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.

Press Release

ALERT: California Gas Prices Up 37 Cents This Week; A Buck Over National Average, Driven By Refiner Shortages and Outages

CONTACT: Liza Tucker

30. April 2015

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.

Press Release

California Gasoline Prices Spike 28 Cents In One Week, 89 Cents More Than USA; Consumer Watchdog Calls On CEOs For Answers

CONTACT: Liza Tucker

28. April 2015

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.

Press Release

Exxon Misrepresents Torrance Refinery Safety Record and Explosion’s Effect on Gas Prices to Lawmakers at Town Hall Hearing, Consumer Watchdog Says

CONTACT: Liza Tucker

10. March 2015

Santa Monica, CA —Exxon misrepresented its safety record at its Torrance refinery to lawmakers at a public hearing at Torrance City Hall last week, suggesting its February 18 explosion and fire was unique, and did not acknowledge how extensively the blast damaged its ability to supply gasoline, Consumer Watchdog said today.

Press Release

Los Angeles Sees Highest Gas Price Spike in State – $1.03 In One Month

CONTACT: Liza Tucker

3. March 2015

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.

Press Release

Consumer Watchdog Urges Tough State Oversight of Gas Supply as California Drivers Face a One Buck a Month Price Spike

CONTACT: Liza Tucker

2. March 2015

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.

Press Release

Senate Lawmakers to Hold Hearings on Possible Refinery Manipulation of Gas Prices Via Shutdowns and Slowdowns, Answering Call from Consumer Watchdog

CONTACT: Liza Tucker

27. February 2015

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.

Press Release

ALERT: CA Refinery Profits Fatten On 60-Cent Gas Price Spike Since Shutdowns and Slowdowns

CONTACT: Liza Tucker

25. February 2015

Santa Monica, CA—California refinery shutdowns and slowdowns are boosting refinery profit margins by as much as 72 percent, according to a key indicator called “crack spreads,” Consumer Watchdog said today.

Press Release

ALERT: California Gas Prices Up More Than 50 Cents Since Tesoro Martinez Refinery Shutdown, Consumer Watchdog Calls For Legislative Hearings into Price Manipulation

CONTACT: Liza Tucker

23. February 2015

Santa Monica, CA – Consumer Watchdog said today that the retail price per gallon of gas in California has soared 53 cents between February 2, when Tesoro began shutting down its refinery in Martinez, through today. A regular gallon of California gasoline now costs an average of $2.96 a gallon.

Oil Watchdog

Archive | Tag: oil refineries

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

Californians Overcharged $4.5 Billion For Gasoline “Gouging Gap” Since Price Spike Began; Gas Prices Set To Climb Even More

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

Tesoro CEO Admits Refinery “Disruption” and Shutdowns = Big Profits, Echoing Chevron Statements About Pump Spike

New Report: Oil Refiners’ Profits Spike With Gasoline Price Spikes

ALERT: California Gas Prices Up 37 Cents This Week; A Buck Over National Average, Driven By Refiner Shortages and Outages

California Gasoline Prices Spike 28 Cents In One Week, 89 Cents More Than USA; Consumer Watchdog Calls On CEOs For Answers

Exxon Misrepresents Torrance Refinery Safety Record and Explosion’s Effect on Gas Prices to Lawmakers at Town Hall Hearing, Consumer Watchdog Says

Los Angeles Sees Highest Gas Price Spike in State – $1.03 In One Month

Consumer Watchdog Urges Tough State Oversight of Gas Supply as California Drivers Face a One Buck a Month Price Spike

Senate Lawmakers to Hold Hearings on Possible Refinery Manipulation of Gas Prices Via Shutdowns and Slowdowns, Answering Call from Consumer Watchdog

ALERT: CA Refinery Profits Fatten On 60-Cent Gas Price Spike Since Shutdowns and Slowdowns

ALERT: California Gas Prices Up More Than 50 Cents Since Tesoro Martinez Refinery Shutdown, Consumer Watchdog Calls For Legislative Hearings into Price Manipulation