SF Chronicle: Gas prices — set by market or manipulation?


Take action! Submit an online comment or Letter to the Editor letting California leaders know we want to lift the veil on Big Oil and set the record straight on gas price manipulation. #stopfoolingCA #stopPickpockets


Editorial

It’s a standard element of American politics: Gas prices are an evergreen subject of politicians’ campaign rhetoric, the standard measure of Americans’ economic worries and the weapon with which to wage war on unseen corporate evil-doers. Countless investigations on oil price manipulations have been ordered, but the smoking gun is never found.

SF Chronicle: Bill to fight gas-price manipulation

San Francisco Chronicle: Bill to fight gas-price manipulation

OpEd by: Shannon Baker-Branstetter
May 23, 2013

There are some things you can count on during the summer months in San Francisco: morning fog, Giants baseball and, unfortunately for drivers, rising gas prices.

We know that weather and a dedicated fan base drive the first two, respectively. As for gas prices, the answer is debatable.

What we do know is that large oil companies hold a tremendous amount of power in California. Oil giants like Chevron, Valero and Tesoro have a virtual hold on the market, controlling supply, production and, ultimately, the price you pay for gas at the pump.