California attorney general subpoenas refiners on gas prices

[Judi Lynn]

Source: Associated Press

California attorney general subpoenas refiners on gas prices

David Koenig, Ap Business Writer
Updated 12:08 am, Friday, July 1, 2016

The California attorney general has issued subpoenas to several oil refiners to learn how they set gasoline prices, which are consistently higher in California than in most other states.

Chevron Corp., Exxon Mobil Corp., Valero Energy Corp. and Tesoro Corp. confirmed on Thursday that they have received subpoenas in recent weeks.

The attorney general is making a sweeping request for information about gasoline supplies, pricing, and maintenance shutdowns that can temporarily create shortages and increase prices, according to people familiar with the investigation. The people spoke on condition of anonymity because they were not authorized to discuss details of the subpoenas.

The requests came from Attorney General Kamala Harris, a Democrat who is running for the U.S. Senate. Kristin Ford, a spokeswoman for Harris, declined to comment on whether her office was investigating.

Read more: http://www.chron.com/news/texas/article/California-attorney-general-subpoenas-refiners-on-8335327.php

[KeepItReal]

1. About fraking time!

Why is California gas a dollar a gallon higher than the rest of the West!?!

[safeinOhio]

3. How capitalism works.

It's not supply and demand.

It's what the market will bare.

[AllyCat]

5. Bare market. That could be fun.

[nikto]

4. Oh, Larceny, or somp'n' like that

[safeinOhio]

2. In Michigan and Ohio

There are lots of times every station in town jacks the price up to the same price with in an hour or two.
We finally get to see the invisible hand.

[Spitfire of ATJ]

6. The MOST we can expect is to get them to STOP....

I want refunds and jail time.

[cstanleytech]

10. Most of us want jail time for them but given our governments inaction

and slap on the wrists with bullshit fines that dont even equal the profits companies make for doing something illegal I sadly wouldnt be willing to wager anything on that actually happening.

[allan01]

7. everytime i hear about one of these actions , big ruffle and flurish,

and they seem to just dissapear and no action is taken. i aint holding my breath. watch for prices to go up in front of the ge as this seems to be historical pattern.

[GummyBearz]

8. Yea yea yea.

All brains and no balls. Everyone with a brain knows gas stations are price fixing and fucking the little people over. This politician's inquiry will end just like all the rest. The truth will be buried behind closed doors and mountains of paper work, and he wont have the balls to actually follow up on his "investigation" with a single indictment. Then the same old same old will continue. Though he may get a big contribution from Chevron in his next election year.

[kimbutgar]

9. I was getting an oil change at a gas station Wednesday and the mechanic who is a personal

Friend told me he was disgusted how the price of gas went up 9 cents a gallon just in time for the July 4th holiday. When he owned the gas part of the station he used to argue with the distributor when they did this. He ended up closing the station which was a big money maker. But they couldn't find a buyer and ended up leasing the garage part to him and managing the gas station and mini store themselves.