Oil

California Committee Looking At High Gas Prices Sets Its Sights on Market Power

The Energy Commission committee charged with finding a solution for California’s high gas prices has sometimes been a hostile place for consumers over the last year and a half. At Tuesday's meeting, that changed. The Air Resources Board, NRDC, four members of the committee, and even oil trader Vitol SA echoed Consumer Watchdog to question refiners' market power and lack of transparency for price spikes.

How Long Can California Go Without An Unplanned Refinery Outage? Enter the Contest

[powr-countdown-timer id=48f846bf_1463098027]
When refineries go down, gasoline prices go up.  That's why we started the clock on the next "unplanned" refinery outage: the Golden State Gouge-ometer.  You can enter a contest to guess how long refiners can make it between outages this year.

Gas Price Panel Ponders Refiner Market Power With Summer Prices Set To Sizzle

It's probably hard to feel the sting of state gasoline prices, that are 70 cents per gallon above US prices, when you are in an ivory tower.  Perhaps that's why some of the academics on California Energy Commission's Petroleum Market Advisory Committee (PMAC) are taking a slow train to recommendations about how to fix the Golden State gouge that's been causing pain at the gas pump for the last year.  

Will Exxon Get Away Scot Free From California Before Making Torrance Safe?

It looks like ExxonMobil might just make a clean getaway and unload its Torrance refinery onto independent refiner PBF Energy without making the facility any safer before Exxon skips town.

Perspective Needed At California Energy Commission

California has a summer blend of gasoline in order for cars to run more efficiently and cleaner in the warmer months. This year, refiners used their market power to raise prices after the switch took place in Los Angeles. The blend is marginally more expensive to make, but not by anywhere near what LA refiners are charging their gas stations for the new blend: 37 cents more.

A Bang of An Anniversary: Six Lessons From the Exxon Torrance Refinery Explosion

A year ago, Exxon's Torrance refinery suffered an explosion that brought the refinery's gasoline production to a halt. Since then, Californians have been on a gas price roller-coaster, paying the highest costs in the nation while the industry claims they are scrambling for gasoline.

Pages

Capitol Watchdog is owned and operated by nonprofit Consumer Watchdog. For more information about Consumer Watchdog visit http://www.consumerwatchdog.org

 
 

Privacy Policy

  • Tel: 310-392-0522
  • Email: Contact [AT] CapitolWatchdog.org