High Oil Prices Pump Up Concern

By Charlie Feder

Monday, July 29, 2013

Summer is under way, with its barbecues, parades, beach trips – and higher gas prices. And Angelenos recently found themselves paying a dizzying 11 cents more for every gallon – in an area that already ranks among the top five in the nation for high gas prices.

As a business owner who operates an all-natural gas fleet, we will avoid the fluctuations of summer gas prices, but our customers will feel the impacts.

Meanwhile, with $44 billion in profits last year, the oil companies’ grip on the industry affects our personal savings and business operations, and the nation’s economy. To be sure, gas prices rise and fall for many reasons, but one dangerous constant is that here in California, in particular, large oil companies are increasingly consolidated, reducing competition and generating concerns that consumers have ever-fewer defenses.

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.

Lawmaker proposes office to investigate possible gas-price fixing

Think you are being ripped off at the gas pump?

One California lawmaker wants to give the public a place to contact with complaints of price manipulation or other shenanigans.

Sen. Mark Leno (D-San Francisco) has proposed creation of an Office of Fuel Price Investigation and Manipulation Prevention at the California Energy Commission.

Leno said the new office would develop anti-fuel price manipulation standards, investigate potential incidents of illegal activity and recommend ways to reduce the volatility of gas prices in California, which last year saw some stations charge $5 per gallon.