The San Francisco Chronicle reports: "Profit margins at California’s gasoline refineries are soaring. And they’re taking pump prices along for the ride. Refinery profit margins have more than doubled since last fall, according to one…
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Archive | Tag: price-gouging
Blog Post
Where Are the Media’s Skeptics?
The airwaves and the web this morning are full of stories bemoaning the return of $3.00-a-gallon gasoline in much of California, 50 cents above the national average and nearly 45 cents above last year’s California…
Blog Post
CEO’s Wall Street Magic Show
Exxon CEO Rex Tillerson went to Wall Street with the twin goals of promoting Exxon’s stock and letting the public and Congress feel Exxon is putting its profits back into energy production. Tillerson said Exxon…
Blog Post
Pressure On The Pump
The Petroleum Marketing Association continues to insist it has not pressured the maker of the temperature-adjusted gasoline pump, Gilbarco Vedeer-Root, to keep its product out of the California market. Nonetheless the San Francisco Chronicle’s David…
Press Release
Hot Fuel Solution Derailed By Oil Companies;
NEWS RELEASE:March 5, 2007 CONTACT: Jamie Court (310) 392-0522 ext 327, or Judy Dugan, ext 305 Attorney General Brown, Senator Boxer called on to force sale of temperature-adjusted gasoline pump in California Santa Monica, CA…
Blog Post
Coolant For The Hot Fuel Market?
The Kansas City Star reports that Americans may well have a way out of the $2.3 billion they overpay at the pump each year because of the "hot fuel" scam. In a nut shell, when…
Press Release
California’s Call to Arms: Gasoline Spikes 45 Cents a Gallon Higher Than U.S. Average
NEWS RELEASE:February 26, 2007 CONTACT: Judy Dugan, 310-392-0522 ext. 305, cell 213-280-0175, Jamie Court, ext. 327, or cell 310-874-9989, Tim Hamilton, 360-495-4941 It is ‘political malpractice’ if congress, state fail to act, say consumer advocates…
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Hawaii’s Small Anti-Gouging Step
Hawaii, even more than California and the West, is geographically isolated. With only two major refiners, Chevron and Tesoro, it is entirely uncompetitive in gasoline pricing, and is usually the only state paying more than…
Smoking Gun
Rare Sighting: Chevron Caught Lying
State of Hawaii declares that Chevron misled, obstructed and omitted in pricing investigation.
Press Release
California Gasoline Sharply Up As Oil Prices Stagnate
NEWS RELEASE:February 20, 2007 CONTACT: Judy Dugan, 310-392-0522 ext. 305, cell 213-280-0175, or Jamie Court, ext. 327, cell 310-874-9989, or Tim Hamilton, 360-495-4941 Group sees oil companies setting up state’s motorists for another summer price…
Smoking Gun
“Oil Profit Monster:” A Powerful, Flexible and Free Tool
To go directly to Profit Monster’s Excel database, click here. OilWatchdog’s database pulls together quarterly and annual profits, by sector, of the five major oil companies from 2000 to the present. It uniquely includes companies…
Press Release
Record Profits from Well and Refinery Slam Motorists Twice, Group Says
NEWS RELEASE: July 25, 2006 CONTACT: Judy Dugan, (310) 392-0522 ext. 305, cell: 213 280-0175, or Doug Heller, ext. 309 BP Kicks Off Week of Profit Reports With $7.3 Billion Announcement Santa Monica, CA —…
Press Release
Oil Companies’ July 4 Celebration: $140 million in excess profit;
NEWS RELEASE: July 3, 2006 CONTACT: Jamie Court, 310 392-0522 ext. 327 Group Calculates Consumers Pay 50 cents a Gallon More than Last Year Santa Monica, CA — Motorists nationwide are sending $140 million in…