Tag Archive | "price-gouging"

Labor Day CA Gouging Gap At Pump Rises To $5.3 Billion Since February: Oil Refiners Exporting Amid Gasoline Supply Shortage

Thursday, September 3, 2015

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Labor Day CA Gouging Gap At Pump Rises To $5.3 Billion Since February: Oil Refiners Exporting Amid Gasoline Supply Shortage

Santa Monica, CA – A new analysis by Consumer Watchdog shows Californians have paid $5.3 billion extra for their gasoline due to the higher amount Californians are charged than the rest of the nation since February. As Labor Day weekend approaches, Californians are paying 88 cents more than the national average.

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Tesoro Reports Record California Profits After California Price Spike

Wednesday, August 5, 2015

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Tesoro Reports Record California Profits After California Price Spike

Santa Monica, CA -- Analysis of Tesoro’s earnings released today showed that the company made more California refining profit in the second quarter than ever in the company’s history. Based on the number of barrels the company refined in California, and the profits they made from each barrel, Consumer Watchdog calculates that the company’s second quarter California refiner profits were a record high of $668 million, crushing their prior record of $415 million in the second quarter of 2007. This number is four times higher than their average California profit since 2005 of $138 million.

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Consumer Watchdog Reports Gas Price Spike Costs Californians Record $1.2 Billion More In July; Oil Refiners Take Home $1.61 Per Gallon

Wednesday, August 5, 2015

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Consumer Watchdog Reports Gas Price Spike Costs Californians Record $1.2 Billion More In July; Oil Refiners Take Home $1.61 Per Gallon

Santa Monica, CA — California has broken all records for the biggest gap between what consumers here have paid so far versus the rest of the nation for gas at the pump, Consumer Watchdog said today. Californians paid $1.2 billion more, after tax differentials, than the rest of the nation in the month of July, a record, and $4.8 billion more for their gasoline over the last six months ending July 31st, since gas price spikes started. That amounts to $201 extra dollars paid by each California driver.

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A Lot Less Fuming At The Gas Pump This Time

Saturday, April 7, 2012

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Activist Jamie Court, president of Consumer Watchdog in Santa Monica, calls it capitulation. "After you get bonked on the head by $4 and $5 gasoline enough times, maybe it doesn't hurt as much," Court said.

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Oil Drops 14%, Gas Only 3.4% – Fuel Prices Vary Significantly

Wednesday, August 31, 2011

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"There's an old saying in [the] gasoline [industry]," Judy Dugan, research director for Consumer Watchdog in Santa Monica, Calif., said Monday. "Prices go up like a rocket and down like a feather. There is a higher disconnect between the actual price of oil and the price of gasoline." Gasoline prices have been viewed as the "last bastion of competition," Dugan said, "but in this case that appears to have failed." Still, gasoline prices in the state vary significantly.

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Why Is Gasoline Price Staying High?

Wednesday, August 10, 2011

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Why Is Gasoline Price Staying High?

The old adage about gasoline prices, “up like a rocket, down like a feather,” has never been so true. The price of crude oil in recent days has been down near $80 a barrel, translating to about $1.92 a gallon. But the national average price for a gallon of regular gasoline, according to AAA, is […]

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Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

Monday, April 11, 2011

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Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth

California-based nonprofit, Consumer Watchdog, recently provided a clue to where the "missing" gasoline may have gone. Recently, Judy Dugan, a petroleum market commentator for Consumer Watchdog, noted that the shares of oil refiners jumped in price last month "on bets that Japan would soon have to import a lot more heating oil and gasoline because of refinery fires and quake/ tsunami damage."

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Near Record High Gas Prices Not About Unrest In Middle East

Thursday, March 10, 2011

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Consumer Watchdog's Jamie Court discusses why the spike in gas prices - especially in California - has nothing to do with civil unrest, and everything to do with profiteering.

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Why California Drivers Pay More For Gasoline

Wednesday, March 9, 2011

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The new blends cost an estimated 5 to 15 cents more to make per gallon than standard-issue, regular gas. Plus, California became dependent on a limited number of refineries, and those refineries reaped higher profit margins than similar facilities elsewhere in the United States. "It's a stranded market, and it's much easier to control prices in a stranded market," said Judy Dugan, research director of the Consumer Watchdog nonprofit group.

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Consumer Watchdog Says Rising Gas Prices Are Form Of Highway Robbery

Wednesday, March 9, 2011

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On KFMB-TV Channel 8 in San Diego, CA, Judy Dugan from Consumer Watchdog says rising gas prices are a form of highway robbery.

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Facts of Life On High Gas Prices: It’s the Speculators & Oil Companies To Blame Not Middle East

Tuesday, March 8, 2011

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Facts of Life On High Gas Prices: It’s the Speculators & Oil Companies To Blame Not Middle East

While skirmishes in Libya and uncertainty in the Middlie East are nice cover for outrageous gasoline prices, the fact is the same old suspects are making a killing from sky-high gas prices approaching $4 dollars per gallon in California: big oil companies and greedy speculators.

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Tesoro Banks On High Gas Prices In California, Touts “West Coast Premium”

Monday, October 18, 2010

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Tesoro Banks On High Gas Prices In California, Touts “West Coast Premium”

Consumer Group Calls On Pension Funds to Divest From Prop 23 Backers Tesoro, Valero Santa Monica, CA – Consumer advocates revealed an investor slide presentation by Texas-based oil company Tesoro explaining that oil refiners keep gasoline supplies especially tight on the West Coast to keep profits high through higher pump prices. The slides were included in a letter from Consumer Watchdog to California’s large public pension funds, known as CalPERS and CalSTRS, calling on the funds to divest from Tesoro and another refiner, Valero, which are the chief sponsors of Proposition 23 on the November ballot. The Investment Committee of CalPERS is meeting in Long Beach today.

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Consumer Watchdog Exposes Koch Industries on Times Square Superscreen For Pollution, Tea Party Funding, and Climate Change Denial Using Coke Parody

Wednesday, October 13, 2010

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Consumer Watchdog Exposes Koch Industries on Times Square Superscreen For Pollution, Tea Party Funding, and Climate Change Denial Using Coke Parody

New York, NY -- A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, "the largest oil company you've never heard of," for its record of environmental degradation, political influence, Tea Party funding and climate change denial.

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