California Energy Commission

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.
 

Oil Supply Needs Regulation in California

National radio host Norman Goldman and Consumer Watchdog President Jamie Court talk about how regulation is needed in the California oil market to force transparency by oil companies and to get them to increase the supply on hand.

http://www.consumerwatchdog.org/sites/default/files/resources/podcast_5-...

State Investigators Still Mum On Consumer Watchdog Request To Rule Out Refinery Price Manipulation

Consumer Watchdog said today that the spot price of gas leapt a dime overnight, as the group had predicted in the wake of two refinery shutdowns affecting 16 percent of the state’s refining capacity.

“We really need proper oversight of refineries in terms of ruling out price manipulation via shutdowns,” wrote Consumer Watchdog in two letters to state officials earlier this week.

For the letters, see:

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