Energy

‘Hot Fuel’ Adds To Pain At The Pump

May 23, 2008  ·  Consumer Watchdog

<p> A survey shows that Californians could be overpaying as much as $3.4 million a day as heat makes gas expand.<br/> <br/> Soaring gasoline prices are bad enough. But this summer, California's higher temperatures could add an additional...</p>

Hot Fuel Adds To Cost Of U.S. Summer Gasoline

May 22, 2008  ·  Consumer Watchdog

NEW YORK, NY -- As if paying $4 a gallon isn't bad enough, U.S. drivers will soon face another gasoline price burden as the summer heat dilutes the amount of driving power delivered per gallon, industry watchdogs said on Thursday. <p>...</p>

Squeezed At Both Ends — Independent Refiners Watch Profits Sink As Consumption Falls

May 14, 2008  ·  Consumer Watchdog

While drivers are facing sticker shock at the pump these days, here is a bigger shock: high prices are putting a strain on oil refiners.<br/> <br/> After last year’s stellar profits, American refiners are going through a traumatic period....

Record Oil Company Earnings Haven’t Trickled Down to Gas Stations

May 11, 2008  ·  Consumer Watchdog

BOUNTIFUL, UT -- During the first week in May, Doug Olson sold fuel at a loss.<br/> <br/> The co-owner of Slim Olson's gas stations in Bountiful and Woods Cross charged customers $4.25 for a gallon of diesel — despite purchasing it from...

Prices at the Pump Up at Dawn, Some by 20 Cents

May 9, 2008  ·  Consumer Watchdog

Some gas stations in Arkansas raised regular by 20 cents overnight as record-setting oil futures gave retail prices a hefty boost Thursday.<br/> <br/> The record state average of $3.52 for regular trailed those pacesetters but nevertheless has...

Chevron Commits to ‘Alt’ Energy

May 7, 2008  ·  Consumer Watchdog

Chevron Corp. will spend $2.5 billion on alternative and renewable energy technologies, part of its push to develop new kinds of energy, the company said Wednesday. <p> San Ramon-based Chevron said it expects to spend the money over a...</p>

Taxing Oil Profits: Proceed With Caution

May 6, 2008  ·  Consumer Watchdog

<p> <strong>Politicians are dying to get at more of Big Oil's billions, but analysts are torn about what that will do to prices or future energy sources.</strong><br/> <br/> NEW YORK, NY -- Politicians are eyeing oil profits like a fat...</p>

Tired of Paying Through the Nose, Americans Try Praying at the Pump

May 5, 2008  ·  Consumer Watchdog

<p> <span class="SS_L3"><span class="verdana">WASHINGTON, DC -- </span></span>At a Shell gas station in Washington, Rocky Twyman and an unusual group of activists were mad as hell about soaring fuel prices. </p> <p> "Last week,...</p>

Gas Prices Level Off — For Today

May 3, 2008  ·  Consumer Watchdog

<p> <strong>Stability could be fleeting, analyst says, as California average pauses at $3.92.</strong><br/> <br/> The surge in gasoline prices has stopped for now. The grumbling hasn't.<br/> <br/> As the average price in California...</p>

Chevron’s Profit Tops $5 Billion

May 3, 2008  ·  Consumer Watchdog

<strong>The oil company beats analysts' forecasts despite an 84% drop in earnings from refining and gasoline retailing.</strong><br/> <br/> Record energy prices gave Chevron Corp., the nation's second-largest oil company, a bigger-than-expected...

Chevron Notches Record First-Quarter Profit

May 3, 2008  ·  Consumer Watchdog

<br/> <div class="sidebar"> <div id="objecthumbs"> <div id="contentobjects"> <a href="http://www.sfgate.com/cgi-bin/object/article?f=/c/a/2008/05/03/BUTL10FVD9.DTL&o=0&type=printable"><img src="http://imgs.sfgate.com/c/pictures/2008/05/03_t/bu_earns_chevron_cap_t.gif" border="0" alt="Gas customers reportedly did little to boost Chevron's pr..." vspace="1"/></a>...</div> </div> </div>

Chevron’s 1Q Profit of $5.17 Billion Marks Big Oil’s Latest Gusher

May 2, 2008  ·  Consumer Watchdog

SAN RAMON, CA -- Astounding profits in the oil industry are becoming as routine as the anguished looks of motorists filling up their gas tanks.<br/> <br/> Chevron Corp. put yet another exclamation point on the oil patch's long run of prosperity...