Oil

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

California Senate’s Rubberstamp Oversight

A demolishing developer. An inattentive fracking regulator. A lenient toxic director. 

The California Senate has the power to confirm certain governor appointees, and it also has the power to reject them. It rarely does the latter, and never if both branches are ruled by the same party, and recent events show how this collegial culture has led to unfortunate choices. 

Attorney General Investigating Gas Price Gouging in California

The California Attorney General's office said they are now investigating unusual pricing strategies by oil refiners a week after Consumer Watchdog presented it with evidence that oil refiners were artificially manipulating gasoline prices by leveraging their branded gasoline station contracts.
 

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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