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Why California Drivers Pay More For Gasoline

9. March 2011

The new blends cost an estimated 5 to 15 cents more to make per gallon than standard-issue, regular gas. Plus, California became dependent on a limited number of refineries, and those refineries reaped higher profit margins than similar facilities elsewhere in the United States. “It’s a stranded market, and it’s much easier to control prices in a stranded market,” said Judy Dugan, research director of the Consumer Watchdog nonprofit group.

Consumer Watchdog Says Rising Gas Prices Are Form Of Highway Robbery

Posted by Mark Reback

9. March 2011

On KFMB-TV Channel 8 in San Diego, CA, Judy Dugan from Consumer Watchdog says rising gas prices are a form of highway robbery.

Blog Post

Facts of Life On High Gas Prices: It’s the Speculators & Oil Companies To Blame Not Middle East

Posted by Jamie Court

8. March 2011

While skirmishes in Libya and uncertainty in the Middlie East are nice cover for outrageous gasoline prices, the fact is the same old suspects are making a killing from sky-high gas prices approaching $4 dollars per gallon in California: big oil companies and greedy speculators.

Blog Post

Feinberg to Chamber: “It won’t work”

Posted by Carmen Balber

27. October 2010

I had lunch in the Chamber of Commerce’s AIG-sponsored “Hall of Flags” today, where BP compensation fund administrator Kenneth Feinberg told the Chamber’s Institute for Legal Reform that the legal system is working just fine.

Press Release

Tesoro Banks On High Gas Prices In California, Touts “West Coast Premium”

CONTACT: Judy Dugan

18. October 2010

Consumer Group Calls On Pension Funds to Divest From Prop 23 Backers Tesoro, Valero

Santa Monica, CA – Consumer advocates revealed an investor slide presentation by Texas-based oil company Tesoro explaining that oil refiners keep gasoline supplies especially tight on the West Coast to keep profits high through higher pump prices. The slides were included in a letter from Consumer Watchdog to California’s large public pension funds, known as CalPERS and CalSTRS, calling on the funds to divest from Tesoro and another refiner, Valero, which are the chief sponsors of Proposition 23 on the November ballot. The Investment Committee of CalPERS is meeting in Long Beach today.

Press Release

Consumer Watchdog Exposes Koch Industries on Times Square Superscreen For Pollution, Tea Party Funding, and Climate Change Denial Using Coke Parody

CONTACT: Jamie Court

13. October 2010

New York, NY — A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, “the largest oil company you’ve never heard of,” for its record of environmental degradation, political influence, Tea Party funding and climate change denial.

Press Release

Study: Texas-Based Valero Gouging California Drivers For A Decade

CONTACT: Judy Dugan

12. October 2010

Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering

Santa Monica, CA – A new report by Consumer Watchdog’s OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.

Blog Post

Hayward’s Golden Parachute Worth $18.5 Mil

Posted by Khan Shoieb

26. July 2010

Ahead of tomorrow’s anticipated release of BP’s second-quarter financial statements–and of the massive losses–BP is expected to appoint Managing Director Bob Dudley to replace Tony Hayward as CEO during tonight’s board meeting in London. Hayward…

Blog Post

Chevron’s Protection Racket

Posted by Judy Dugan

23. June 2010

06-23-10 by dugan The latest round of state political contribution reports show that Chevron has given another $250,000 to California Gov. Arnold Schwarzenegger’s huge political slush fund, the "California Dream Team." That makes a…

Blog Post

Who’s Cooking Oil Prices?

Posted by Judy Dugan

1. February 2010

02-01-10 by dugan The major oil companies all made less profit in 2009, but mostly because they could barely make a billion on refining and selling gasoline and diesel fuel, with demand running…

Blog Post

Oil profits shouldn’t ‘recover’

Posted by Judy Dugan

30. October 2009

10-30-09 by dugan Why is it that media reports on oil company profits only compare them to the previous quarter and the previous year? This week’s third-quarter profit reports for Exxon, Shell, Chevron and…

Blog Post

A Yogi Berra moment in oil prices

Posted by Judy Dugan

16. October 2009

10-16-09 by dugan Oil prices hit another record for the year today, at over $78 dollars for each 42-gallon barrel in futures markets. That’s well over double the late 2008 low of 32 dollars…

Blog Post

Goldman Sachs’ oil-rig loophole

Posted by Judy Dugan

10. September 2009

09-10-09 by dugan Who knew that investment giant Goldman Sachs was in the oil business? I’m picturing top execs earning their tens-of-millions bonuses in hard hats and oil-streaked yellow overalls. The news is part…

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