Big Oil

Valero Quintuples 3rd Quarter Profits; Makes Windfall Of $50 million Off CA Consumers With 60 Cents Per Gallon Profit In West

Los Angeles, CA—Valero’s net income hit $2.8 billion for the third quarter of 2022, more than quintupling the $463 million reported for the same quarter last year.    Valero’s Western region...

KCBS-AM San Francisco CA; Windfall Profits Tax Might Be the Only Way to Reign Big Oil’s Greed In CA

By Staff Reporters, KCBS-AM San Francisco, CA October 20, 2022 Click here to listen to the audio of this radio broadcast segment. Jamie Court with Consumer Watchdog says the State Legislature to reconvene...

Investor Data For 20 Years Shows CA Oil Refiners Tripled Their Average Annual Profits In 2022; Windfall Profits Rebate Estimate for 2022 About $1...

Los Angeles, CA -- A review of oil refiner shareholder reports shows California oil refiners made an average of 32 cents per gallon annually from 2001 – 2021 compared...

The Mystery Lurking In California’s $8 Gas Prices

The Golden State has a ‘mystery gas surcharge.’ Some say it’s price gouging. By Shannon Osaka, the Washington Post October 15, 2022   Eight dollars for a gallon of gas. Once, it...

California Oil Refiners’ Windfall Profits Require A Windfall Profits Tax To Bring Gas Prices Under Control, Consumer Watchdog Report Shows

Los Angeles, CA — Pointing to windfall profits reported by California oil refiners to their investors, Consumer Watchdog issued a report showing that a windfall profits tax is needed...

California Gas Prices Hit Record Highs. But Relief May Be Coming. Here’s Why

By Janet Wilson, THE DESERT SUN October 5, 2022 https://www.desertsun.com/story/news/2022/10/05/california-gas-pump-prices-hit-new-highs-but-should-drop-weekend/8192965001/ Gas prices at the pump hit record highs in many parts of California on Wednesday, with greater Los Angeles seeing an unprecedented average of $6.49...

Consumer Watchdog Asks Governor Newsom To Call Special Session To Deal with Pain at Pump

Los Angeles, CA -- Consumer Watchdog today asked California Governor Gavin Newsom to call a special session of the California legislature to address the unprecedented, nearly $2 per gallon...

Red Green & Blue – Setbacks: CA Finally Banned Oil Drilling Right Next To Homes and Schools. Big Oil Is Already Scheming To Overturn...

By Dan Bacher, RED GREEN & BLUE http://redgreenandblue.org/2022/09/24/setbacks-ca-finally-banned-oil-drilling-right-next-homes-schools-big-oil-already-scheming-overturn/ It didn’t take long for the oil industry to challenge Governor Gavin Newsom’s signing into law SB 1137, the bill that mandates 3200...

Governor To Decide Whether To Require Oil Refiners To Disclose Profits Per Gallon Monthly

Los Angeles, CA - A bill requiring oil refiners to disclose their per gallon profits monthly is now on Governor Newsom's desk, having passed out of the California Senate...

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