Study: Oil Company Profits, Not Crude Prices, Are Pumping Gas Prices
Corporate profiteering--not increased crude oil prices, not ethanol switch-overs--is responsible for recent gas price increases in California, according to an independent watchdog group. Sounds like Enron all over again.Corporate profiteering–not increased crude oil prices, not ethanol switch-overs–is responsible for recent gas price increases in California, according to an independent watchdog group.
Sounds like Enron all over again.
WAIT BEFORE YOU GO...Consumerwatchdog.org:
New Gasoline Study Shows Profits, Not Crude Oil Prices Or Ethanol, Are Driving Pump Price Spike
Santa Monica, CA — The Foundation for Taxpayer and Consumer Rights released a new study today of rising gasoline prices in California that found corporate markups and profiteering are responsible for spring price spikes, not rising crude costs or the national switchover to higher-cost ethanol, as the oil industry claims.
This year, the ground feels uncertain — facts are buried and those in power are working to keep them hidden. Now more than ever, independent journalism must go beneath the surface.
At Truthdig, we don’t just report what's happening — we investigate how and why. We follow the threads others leave behind and uncover the forces shaping our future.
Your tax-deductible donation fuels journalism that asks harder questions and digs where others won’t.
Don’t settle for surface-level coverage.
Unearth what matters. Help dig deeper.
Donate now.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.