News Releases

Over 100 Groups Support California Legislation Curtailing Excessive Refinery Profits

February 21, 2023  ·  Alexandra Nagy

Labor, Working Families Party, progressive and climate justice organizations unite on bill to penalize future gasoline price gouging Sacramento, CA — Over 100 state, local, and...

PBF Energy, Last of California’s Big Five Refiners To Report 2022 Results, Finishes Parade Of Windfall Profits In California

February 16, 2023  ·  Liza Tucker

Los Angeles, CA—PBF Energy today posted an annual profit of $2.9 billion. The five refiners controlling California’s gasoline market —  PBF Energy, Chevron, Marathon Petroleum, Valero,...

Consumer Watchdog Provides Testimony Of Manipulation of Natural Gas Prices In Southern California To Public Utilities Commission

February 7, 2023  ·  Jamie Court

San Francisco, CA – Consumer Watchdog President Jamie Court offered the following testimony to the Public Utilities Commission on the spike in natural gas prices...

Two California Refiners Reveal Windfall Profits For 2022, Continuing In Footsteps of Chevron

February 3, 2023  ·  Liza Tucker

Los Angeles, CA—Marathon Petroleum made 75 cents in profit per gallon off West Coast drivers in 2022, virtually doubling what it made the year before,...

Chevron Reports $1.4 Billion In CA Windfall Refining Profits In 2022

January 30, 2023  ·  Jamie Court

Total Windfall Profits Rebate Climbs to $3.2 Billion As Fourth Quarter Reports Continue To Roll In Los Angeles, CA—Chevron’s profits report to investors Friday revealed...

Chevron Doubles 2022 Profits, Reveals Extensive Gas Price Gouging In The West

January 27, 2023  ·  Jamie Court

Los Angeles, CA—Chevron reported earnings for the year of $35.5 billion, more than doubling last year’s $15.6 billion, with financial data revealing the company also doubled...

Valero 2022 Profits Skyrocket But Gas Pump Gouging In CA Moderates As CA Threatens Refiner Penalty

January 26, 2023  ·  Liza Tucker

Los Angeles, CA—Valero raked in $11.5 billion in 2022 profits, beating its $930 million for the previous year by a dozen times. However, Governor Newsom’s...

80 Environmental Advocacy Groups Support Price Gouging Penalty On California Refiners

January 20, 2023  ·  Liza Tucker

Los Angeles, CA—80 environmental and public health advocacy groups have sent a letter of support to Senator Nancy Skinner (D-Berkeley), author of legislation setting a...

Consumer Watchdog Calls for Investigation Into So Cal Gas Natural Price Spikes

January 19, 2023  ·  Jamie Court

Points to Evidence Utility Colluded with Parent Company Sempra To Drive Up Price On Customers Consumer Watchdog wrote Attorney General Rob Bonta and Los Angeles...

4th Quarter Oil Permit Approvals Show Steep Rise Within Protective Buffer Zones As State’s Top Oil Regulator Steps Down, Advocacy Groups Report

January 18, 2023  ·  Liza Tucker

Los Angeles, CA—The state Oil & Gas Supervisor at the California Geologic Energy Management Division (CalGEM) has been relieved of his job against the backdrop...

Oil Refiners More Than Doubled Their CA Profits From Recent Gas Price Spikes

December 20, 2022  ·  Jamie Court

Watchdog Makes Case For Windfall Profits Cap  Sacramento, CA — California’s four big oil refiners more than doubled their average profit of the last 20...

Consumer Groups Voice Support For Gov Newsom’s Windfall Profits Cap/Price Gouging Penalty

December 5, 2022  ·  Jamie Court

Sacramento, CA — Leading consumer groups have written Governor Newsom to offer support for his plan to impose a windfall profits cap and price gouging penalty on...