Wed, Aug 17, 2016

Gasoline Trading Company Vitol Blames ExxonMobil Misinformation for California 2015 Gas Price Spike, Governor’s Committee Turns to Retail Price Manipulation as Cause

CONTACT: , jamie@consumerwatchdog.org

Santa Monica, CA — Testifying before a state panel investigating California’s high gas prices, oil-trading company Vitol blamed ExxonMobil’s lack of transparency for the record 2015 gas price spike. Brad Lucas, a West Coast trader for the company, stated, “if there was more transparency around what was going on with refinery maintenance and when they [ExxonMobil Torrance] were going to come back up, it would have allowed us to see if we were going to be able to land these cargoes into a competitive market…. Basically that lack of information kept cargoes at bay.”

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Wed, Aug 10, 2016

Report Finds Big Energy Companies Gave Big $ and Got Big Favors From Governor Brown With Dollars and Decisions Flowing In Close Proximity To Each Other

CONTACT: , jamie@consumerwatchdog.org

Santa Monica, CA—Public interest group Consumer Watchdog today reported that twenty-six energy companies including the state’s three major investor-owned utilities, Occidental, Chevron, and NRG—all with business before the state—donated $9.8 million to Jerry Brown’s campaigns, causes, and initiatives, and to the California Democratic Party since he ran for Governor. Donations were often made within days or weeks of winning favors. The three major investor-owned utilities alone contributed nearly $6 million.

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Thu, Aug 4, 2016

CA Oil Refiners Pump Up Profits Through Lowest Wholesale Gasoline Price in USA And Highest Retail Prices; Refinery CEO Investor Comments Points To Market Rigging

CONTACT: , jamie@consumerwatchdog.org

Santa Monica, CA – Consumer Watchdog pointed today to big new California oil profit reports, gasoline pricing data and a candid remark from a refinery CEO to show that the companies are making unreasonable profits from California drivers due to their market power and anti-competitive practices.

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Fri, Apr 22, 2016

Consumer Watchdog Calls For Sunlight On Big Oil Refiners To Avert CA Gasoline Price Spikes; State Energy Commission Panel To Make Recommendations On Transparency For Refiners

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Consumer Watchdog Calls For Sunlight On Big Oil Refiners To Avert CA Gasoline Price Spikes; State Energy Commission Panel To Make Recommendations On Transparency For Refiners

Sacramento, CA — Consumer Watchdog told a state panel looking into gasoline price manipulation today that a handful of big oil refiners have been able to charge California drivers 70 cents to $1 more per gallon than the rest of America because they have an information advantage over the rest of the market, the public and regulators.

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Thu, Feb 25, 2016

Consumer Watchdog Tells So Cal Drivers Fill Up Now, Gas Prices To Rise Quickly As Major Refiners Switch to Summer Blend And Raise Prices On Their Dealers By 37 Cents Over Night

CONTACT: , 310-392-0522 x327

Consumer Watchdog Tells So Cal Drivers Fill Up Now, Gas Prices To Rise Quickly As Major Refiners Switch to Summer Blend And Raise Prices On Their Dealers By 37 Cents Over Night

Los Angeles, CA — The nonprofit group Consumer Watchdog today warned Southern California drivers that they would be facing sticker shock at their gasoline pumps beginning this weekend as the state’s biggest oil refiners raised wholesale prices charged to station owners by 37 cents.

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Mon, Feb 8, 2016

Consumer Watchdog Report Finds Oil Refiners Rigged Imports and Exports To Inflate CA Gas Prices In 2015

CONTACT: , 310-392-0522 x327

Consumer Watchdog Report Finds Oil Refiners Rigged Imports and Exports To Inflate CA Gas Prices In 2015

Exxon Parked Tanker In Singapore, Chevron Exported To Drive Price Spike

Santa Monica, CA — Consumer Watchdog delivered a report today to a state panel finding that California’s largest oil refiners calibrated imports and exports of gasoline to artificially inflate gasoline prices during the first nine months of 2015, when gas prices were consistently $1 per gallon higher than the nationwide average.

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Tue, Feb 2, 2016

Tesoro Reports Record California Profits After California Price Spike

CONTACT: , 310-392-9522 x327

Tesoro Reports Record California Profits After California Price Spike

Santa Monica, CA — Tesoro, the state’s second largest refiner, reported today that 2015 was its best year ever for refining in California. Based on an analysis of the company’s annual filing, Consumer Watchdog has found that in 2015 the company made $1.9 billion in California alone- their best year ever by over a billion dollars. The company controls 27% of California’s refining capacity. Tesoro made $423 million in California in the fourth quarter of 2015.

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Fri, Jan 29, 2016

Gouged California Drivers Bankroll Chevron’s Best US Refining Year Ever

CONTACT: , 310-392-0522 x327

Gouged California Drivers Bankroll Chevron’s Best US Refining Year Ever

Santa Monica, CA — Chevron’s US refining profits soared to their highest ever in 2015, thanks to California drivers who paid inflated prices for gasoline, Consumer Watchdog said today.

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Thu, Jan 28, 2016

Overpriced California Gasoline Fuels Tripling of Valero’s Average Annual Profits

CONTACT: , 310-392-0522 x327

Overpriced California Gasoline Fuels Tripling of Valero’s Average Annual Profits

Santa Monica, CA — Valero, California’s fourth largest oil refiner, reported $852 million in profits from oil refining in California in 2015, blowing past prior years’ profits by treating drivers who buy California gasoline as cash cows, Consumer Watchdog said today.

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Wed, Dec 16, 2015

Californians Overpay $10 Billion For Gasoline In 2015; Consumer Watchdog Shows Oil Refiners Rig Market With Secret Trades & Anti-Competitive Acts

CONTACT: , 310-392-0522 x327

Californians Overpay $10 Billion For Gasoline In 2015; Consumer Watchdog Shows Oil Refiners Rig Market With Secret Trades & Anti-Competitive Acts

Sacramento, CA — Consumer Watchdog today revealed to a state oversight panel new tactics by which California oil refiners had their most profitable years ever and state drivers paid more at the pump than ever before compared to US drivers.

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Thu, Nov 19, 2015

Refiners Chevron, Tesoro, and Valero Each Triple California Profits In First Nine Months To Highest Ever; Spike Mirrors Record Lobbying Spending

CONTACT: , 310-392-0522 x327

Refiners Chevron, Tesoro, and Valero Each Triple California Profits In First Nine Months To Highest Ever; Spike Mirrors Record Lobbying Spending

Santa Monica, CA – The three major refiners that provide detailed profit information reported their best ever year to date from oil refining in California. Each company at least tripled their average historical profits in the third quarter, according to Consumer Watchdog’s analysis released today.

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Fri, Oct 30, 2015

California Consumers Drive Chevron To Record Refining Profits In First Nine Months

CONTACT: , 310-392-0522 x308

California Consumers Drive Chevron To Record Refining Profits In First Nine Months

Santa Monica, CA — Chevron today reported its highest U.S. refining profits for the first nine months of the year—a whopping $2.6 billion as compared to $1.7 billion for the same period last year. Since 54 percent of the company’s refining takes place in California, California drivers paid the price, Consumer Watchdog said today.

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Thu, Oct 29, 2015

Tesoro & Valero Report Best 3rd Quarter Ever For California Refining On Record Gasoline Price Spike

CONTACT: , 310-392-0522 x327

Tesoro & Valero Report Best 3rd Quarter Ever For California Refining On Record Gasoline Price Spike

Santa Monica, CA – The two California refiners that break out California-specific profits today reported their most lucrative California quarters ever. Tesoro’s & Valero’s quarterly reports for July through September help explain why Californians have paid a dollar per gallon over the US average during 2015, Consumer Watchdog said today. The company more than tripled its per barrel profits.

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