New Data Shows CA Oil Refiner Profits Top $1.29 Per Gallon In May; Price Gouging Penalty Would Have Returned $611 Million To CA Drivers In 2026 Had It Been Implemented, Says Consumer Watchdog
SACRAMENTO, Calif., July 16, 2026 /PRNewswire/ -- Oil refiners profits data just released by the California Energy Commission (CEC) shows that California oil refiners made banner profits in May, $1.29 per gallon. The profit margin compares to 44 cents per gallon profits margin reported by...
SACRAMENTO, Calif., July 16, 2026 /PRNewswire/ -- Oil refiners profits data just released by the California Energy Commission (CEC) shows that California oil refiners made banner profits in May, $1.29 per gallon. The profit margin compares to 44 cents per gallon profits margin reported by...
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