Oil

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.

Time to Expose the Secrets of Big Oil’s Price Manipulation

Big Oil has fought for years to keep its secrets invisible. But this week, state officials may have finally realized that what is good for the oil industry has been devastating to Californians.

Big Oil Lobbyist Leads in Spending, Most of Which Stayed Hidden

Hiding how money has been spent by big industries to influence the California legislature has been rampant for years and has become a speciality of well-funded special interests such as Big Oil's Western States Petroleum Association (WSPA).

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