California Energy Commission

Big Oil Is Gouging Californians

Report: Golden State Gouge: The Summer of Record Refining Profits

This report analyzes the growing profits of California's major refiners in the second quarter of 2015, which saw a record price spike. In reviewing data from the California Energy Commission, researchers found that oil refiners were able to triple refiner margins the second week of July to a record $1.61 a gallon, representing the amount of money refiners receive for each gallon sold at the pump. The historical margin over the last fifteen years is 48 cents

Big Oil And Government Hiding Record Profits

Considering Big Oil's power in Sacramento, if the evidence showing that refiners are making record profits suddenly disappears from a government website, it’s unlikely to be a coincidence.
 

Disappearing Data Reveals Record Oil Refining Profits

KTVU FOX TV - 2 San Francisco - Consumer Watchdog Presents Evidence to California Attorney General of Gas Price Manipulation by Oil Refiners

Source:
KTVU FOX TV - 2 SAN FRANCISCO
 
At a meeting of the state commission charged with investigating gas price manipulation, Consumer Watchdog delivered an analysis showing that since the end of May California’s largest oil refiners have engaged in unprecedented price manipulation to keep California gasoline prices artificially high using their leverage over prices at their branded stations.

State Commission Given Evidence Oil Refiners Artificially Hiking Gas Prices

California Energy Commission data reveals that a recent and sustained 30 cents gap between what price oil refiners sell gas to their branded stations and the price they offered to independent stations is unprecedented statewide. 
 
Over the last 16 years, the difference averaged three cents, according to a Consumer Watchdog analysis. Branded stations must buy gas at whatever price a refiner sets.
 

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