20+ Groups Including Consumer Watchdog Decry CA Oil Refiners' Average $1 Per Gallon Profit Margin In 2023, Call On CEC To Implement Price Gouging Penalty By Summer To Avoid More Gouging
Today, the CEC will hold a Pre-Rulemaking Workshop on a price gouging penalty as directed by SBX1 2.
- Today, the CEC will hold a Pre-Rulemaking Workshop on a price gouging penalty as directed by SBX1 2.
- "California oil refiners reported to their investors that their operating and other costs of running their refineries are between 20 and 30 cents per gallon.
- California oil refiners are keeping between 70 and 80 cents off every gallon of gas sold as pure profit….The buck stops this summer."
- Implementing a price gouging penalty is integral to ending greedy oil prices, and protecting frontline communities from taking another hit."