12-17-08 by dugan I heard recently from a friend in Maine who is freaking out: she’s paying $4.50 a gallon for her home heating oil, even as drivers pay well under $2.00 a gallon for…
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$1.60 gasoline, $4.50 heating oil
Archive | Tag: price-gouging
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One cheer for Exxon
Oil companies said, back when crude oil cost $145 a barrel, that exploration and construction costs were too high for them to invest much in drilling and refining. Exxon, for instance, spurned any project that…
Press Release
CEC Deep Freeze On Hot Fuel
California Energy Board Seeks To Put Remedy for ‘Hot Fuel’ Ripoff in Deep Freeze — Group Calls for Immediate Fix Draft Report Accepts Industry Call for Ban on Temperature-Compensating Device, Denies Consumers Would Benefit From…
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Why’s gas so cheap? Or is it?
11-20-08 by dugan I’ve been asked a lot lately about why "gasoline is so cheap." Yet the question itself is a result of short memories. Gasoline is certainly a ton cheaper than in July,…
Press Release
Chevron Doubles Profit
Chevron’s Doubled Profit Caps Oil Industry’s ‘Vampire Attack on Economy’ Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group October 31, 2008 Santa Monica, CA — The…
Press Release
Exxon, Shell Post Record Profits
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
Press Release
BP’s 3rd Qtr Profit $10+ Billion
BP’s Outlandish Profits Have Inflicted Serious Damage on Consumers and Whole Economies, Says Watchdog BP Profit, Including Inventory, More Than Doubles from Year Ago to Over $10 Billion on Spiking Oil Prices CONTACT: Judy Dugan,…
Press Release
ConocoPhillips Doubles Profit
ConocoPhillips Doubles Its Profit for 2008 — Harbinger for Bigger Oil Companies $14 billion profit for the first three quarters is more than $7 billion above 2007, money that “went straight onto consumers’ crushing credit…
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Stations Make More Per Gallon
Gas Stations Make More Pennies on the Gallon By Ryan Randazzo, THE ARIZONA REPUBLIC October 16, 2008 Drivers are welcoming the continued drop in prices of gasoline, but the average cost of a gallon of…
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Pump prices oughta be lower
10-9-08 by dugan When oil prices dropped to under $78 a barrel today, I asked our friend Insider to take a look at why gasoline prices are going down so much more slowly than the…
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Diesel use drops like rock
9-26-08 by dugan Here’s an alarming statistic that won’t show up in government economic reports for a few months: Diesel purchases at truck stops in August were down 7.8% from a year ago. Most of…
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$5 gas and “drill now”
9-14-08 by dugan If Americans really want more $5 gasoline after the next hurricane, and more power for the oil lobby in Washington, the "drill now" campaign is the perfect vehicle. That connection hit me…
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Why oil’s down, gas is up
9-11-08 by dugan When a government thinks "regulation" is a dirty word, here’s what happens: The price of crude oil fell today to about $100 a barrel ($2.38 a gallon), yet gasoline spiked to a…