Tag Archive | "record-prices"
Oil Drops 14%, Gas Only 3.4% – Fuel Prices Vary Significantly
"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.
Continue reading...Gas Prices Keep Soaring As U.S. Fuels Other Countries’ Growth
Monday, April 11, 2011
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."
Continue reading...Near Record High Gas Prices Not About Unrest In Middle East
Thursday, March 10, 2011
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.
Continue reading...Why California Drivers Pay More For Gasoline
Wednesday, March 9, 2011
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.
Continue reading...Consumer Watchdog Says Rising Gas Prices Are Form Of Highway Robbery
Wednesday, March 9, 2011
On KFMB-TV Channel 8 in San Diego, CA, Judy Dugan from Consumer Watchdog says rising gas prices are a form of highway robbery.
Continue reading...Tesoro Banks On High Gas Prices In California, Touts “West Coast Premium”
Monday, October 18, 2010
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.
Continue reading...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
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.
Continue reading...Study: Texas-Based Valero Gouging California Drivers For A Decade
Tuesday, October 12, 2010
Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering Santa Monica, CA – A new report by Consumer Watchdog's OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.
Continue reading...‘Drill, Baby’ Doesn’t Cut Oil Price
Wednesday, March 31, 2010
3-31-10 by dugan After President Obama announced Wendnesday that he’s opening large swath of U.S. coastline to oil and gas drilling, and the government announced that domestic oil supplies had risen, the price of oil went… UP. That’s pretty much proof positive that the price of oil is all about financial speculation, and not [...]
Continue reading...$3.00 a Gallon Now, $4.00 When?
Monday, January 11, 2010
01-11-10 by dugan Why be obsessed with the price of gasoline? Easy. High energy prices, including prices at the pump, will slow and even reverse economic recovery. Every 10-cent a gallon increase in the price of a gallon of gas means another $1 billion less for consumers to spend on anything else. As the [...]
Continue reading...Oil’s at $82; Where’s the Sheriff?
Wednesday, January 6, 2010
1-05-10 by dugan Supplies of oil and fuel in the U.S. are up, and so is the price of oil–it has surged to $82 dollar a barrel, pushing gasoline over $3.00 a gallon in California. Wait, isn’t price supposed to go down as supplies rise? This kind of speculator-driven disconnection of energy prices from [...]
Continue reading...Oil profits shouldn’t ‘recover’
Friday, October 30, 2009
10-30-09 by dugan Why is it that media reports on oil company profits only compare them to the previous quarter and the previous year? This week’s third-quarter profit reports for Exxon, Shell, Chevron and friends showed profits down by half or more from last year’s pigs-at-the-trough delirium. Less than $5 billion for Exxon! Less [...]
Continue reading...Goldman Sachs’ oil-rig loophole
Thursday, September 10, 2009
09-10-09 by dugan Who knew that investment giant Goldman Sachs was in the oil business? I’m picturing top execs earning their tens-of-millions bonuses in hard hats and oil-streaked yellow overalls. The news is part of an otherwise depressing Wall Street Journal story on how hard, and successfully, the financial industry is lobbying against regulations [...]
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- Study: Texas-Based Valero Gouging California Drivers For A Decade
- Why Is Gasoline Price Staying High?
- Wall Street Oil Speculators Hurt Families, U.S. Economy
- Taking on Koch Industries in Times Sq.
- Absolute Gasoline Price Record in 2011?
- Piter: We should prevent water pollution. Its now a very ...
- Florine Canzoneri: Thanks for your write-up. I have always observed t...
- emoconclusiones: :)...
- Rob: A very juvenile wish list from someone who lacks t...
- Rob: You're blaming oil companies for high prices. This...
Wednesday, August 31, 2011
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