Energy

Misnomers In Legislative Debate Over Price Gouging Penalty

March 2, 2023  ·  Jamie Court

When the California Senate Energy Committee took on the price gouging penalty for the first time recently, economists with a track record working for the oil industry tried to...

Consumer Watchdog Testifies For Windfall Profits Cap At CA Senate Energy Committee

February 22, 2023  ·  Jamie Court

Sacramento, CA – Consumer Watchdog President Jamie Court will offer testimony in favor of enacting a price gouging penalty and windfall profits cap on oil refiners...

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,...

Why SoCal Gas is at Fault For Doubling Your Natural Gas Bill

February 10, 2023  ·  Jamie Court

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...