Friday, April 22, 2016

Consumer Watchdog Calls For Sunlight On Big Oil Refiners To Avert CA Gasoline Price Spikes; State Energy Commission Panel To Make Recommendations On Transparency For Refiners

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Jamie Court & Cody Rosenfield
Sacramento, CA -- Consumer Watchdog told a state panel looking into gasoline price manipulation today that a handful of big oil refiners have been able to charge California drivers 70 cents to $1 more per gallon than the rest of America because they have an information advantage over the rest of the market, the public and regulators.
Consumer Watchdog asked the California Energy Commission’s Petroleum Market Advisory Committee to recommend public disclosure by the state’s oil refiners of:
•    Refinery Maintenance Schedules & Updates
•    All Trades, Including Exchanges & Production Agreements
•    Prices Refiners Charge Their Branded Stations, Known As Dealer Tank Wagon Prices
•    Real Time Imports and Exports

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