Energy

Exxon’s $10.9 Billion in Profit Disappoints Street

May 2, 2008  ·  Consumer Watchdog

<strong>Prices at the Pump Aren't Keeping Pace with Rising Oil</strong><br/> <br/> Houston-based ExxonMobil, the No.1 publicly traded oil company in the world, rode record crude oil prices to $10.9 billion in first-quarter earnings Thursday,...

Heated Fuel Price Rhetoric

April 30, 2008  ·  Consumer Watchdog

<p> Rising fuel prices are rattling a lot of people who want action, fast.<br/> <br/> Sen. Dick Durbin (D-IL) has sent a letter to the Chairman of the Federal Trade Commission (FTC), asking for an investigation into the recent spike in...</p>

Average Gas Price Tops $4 in San Francisco

April 28, 2008  ·  Consumer Watchdog

<strong>Motorists express dismay but not surprise at the pump. L.A. is not far behind at $3.878 a gallon.</strong><br/> <br/> SAN FRANCISCO, CA -- Finally, it happened.<br/> <br/> After days of inching upward, gasoline on Sunday crossed the...

Man Asks God for Cheaper Gas

April 28, 2008  ·  Consumer Watchdog

OAKLAND, CA -- A man of faith from the District of Columbia area is going over the heads of government and industry leaders by asking God for cheaper gas.<br/> <br/> Rocky Twyman, a public relations consultant and church choir director from the...

Lawsuit seeks fair price for gasoline in Florida and other warm-weather states

April 27, 2008  ·  Consumer Watchdog

<p> <strong>Suit Wants Oil Companies to Treat Consumers Fairly</strong><br/> <br/> Florida drivers pay among the nation's highest gas prices because of high taxes and the state's lack of refineries and pipelines.<br/> <br/> Now consumer...</p>

Occidental’s Profit Soars 53% to Record High on Surging Oil Prices

April 25, 2008  ·  Judy Dugan

<p> Buoyed by booming energy prices and output, Westwood-based Occidental Petroleum Corp. said Thursday that first-quarter profit leaped 53% to an all-time high.<br/> <br/> Analysts predicted continuing good fortune for the company but...</p>

Gas Prices Reach Record High in R. I.

April 23, 2008  ·  Consumer Watchdog

<strong>And prices are expected to climb even higher in the weeks ahead as the cost of crude oil continues to surge.</strong><br/> <br/> What most of us had painfully suspected is now official: gasoline is more expensive than it has ever been.<br/>...

If elected, will you live the high life?

April 22, 2008  ·  Consumer Watchdog

<p> Here's a story that's worth posting twice. Kudos to Steve Harmon of the San Jose Mercury News for asking the question. And kudos to the leaders-elect of the state Senate and Assembly for promising to hold the public trust in higher... </p>

The 411 on High Diesel

April 8, 2008  ·  Consumer Watchdog

<p> The Mr. Roadshow Column:  </p> <p> Q: Can you explain why the price of diesel has gotten so out of hand and is squeezing truck drivers so much, when for years it was so much cheaper than gas?<br/> <br/> David Whitaker<br/> San...</p>

Oil Firms Aren’t to Blame for Prices, Execs Tell House Panel

April 2, 2008  ·  Consumer Watchdog

<strong>Growing demand and curbs on U.S. drilling are among reasons they cite for record highs at the pump.</strong><br/> <br/> WASHINGTON DC -- Executives from the five largest oil companies told a House panel Tuesday that they were not...

Congress Grills Top Oil Execs On Profits

April 2, 2008  ·  Consumer Watchdog

<p> <strong>Company leaders say they're not to blame</strong> </p> <p> WASHINGTON DC -- Don't blame us, oil industry chiefs told a skeptical Congress. </p> <p> Top executives of the country's five biggest oil companies said Tuesday...</p>

Regular Gas Tops $3.18 a Gallon in State, Breaks Record Set in May 2007

April 1, 2008  ·  Consumer Watchdog

Arkansas' average price for a gallon of regular gasoline this weekend broke the record of $3.18 set in May at the same time the national average set a record at $3.28, according to AAA.<br/> <br/> An average gallon of regular cost $3.188 in...