Big oil wary of vague price gouging bills.Dinesh, Manimoli
California's prices spiked again in October, even while the price of crude oil dropped. In the first week of October, the average price of a gallon of gas in California was $2.61 higher than the national average — the biggest gap ever. Since then, oil companies reported billions of dolla...
In 10 years, the bill requires the state auditor to investigate the program to find out if it is working to reduce gas prices. If it's not, the auditor can order the program to shut down – but lawmakers will have six months to review that decision and reverse it if they choos...
WASHINGTON — Top White House officials met on Friday with oil executives to discuss Hurricane Ian and low gasoline inventories as President Joe Biden warned the ind…
Assembly Democrats held a lengthy strategy session Tuesday to weigh options on the simmering gas price issue and concluded that moving in the Republicans’ direction would be a political and policymaking blunder. Advertisement “That temporary gas tax reduction is not a solution,” said Assemblyman To...
bill1942 on August 23 2018 said: Great news! Now, do something positive about the price of gas at the pump!!! wardtom on August 23 2018 said: So if you are exporting more than you produce why are you importing any at all. Why not just use what you have? Denver on August ...
NEW YORK (CNNMoney.com) -- Gas prices fell for the first time in nine days after two powerful hurricanes entered the Gulf of Mexico and smashed through the heart of the nation's oil infrastructure, but questions lingered about when production would be restored. Of the 32 Gulf coast refine...
Price gouging at the gas pump is notoriously hard to prove, and the FTC in the past has typically attributed such increases to legitimate movements of the market rather than to cheating and collusion. “I think the odds of them finding collusion are somewhere between slim and none,” s...
Therefore, Saudi Arabia appears to have cut back its oil production to 11.2 million barrels per day in the last week of November (in order to support a higher price for oil because of higher USA and Iraq production increases). The US increased oil (crude oil, natural gas liquids, ethanol...
Gas stations' owner denies price gouging "I didn't price gouge anybody and I've got the invoice to prove it," said Joe McCaskill, owner of Mac's Gas, a local chain of gas stations that attracted attention last week for charging $5.17 per gallon for fuel. As proof, McCaskill's...