By Doug Porter
Corporate greed on the part of fossil fuel companies in the era of trickle down apparently knows no bounds. If you live in California you’ve undoubtedly heard the stories about why we pay more for gasoline at the pump than elsewhere: our eco-conscious gas blend, higher taxes, yada, yada.
Research from Consumer Watchdog shows just how much these claims are exaggerated. Californians are paying more for gasoline because we’re being gouged, plain and simple.
The group points to abnormally large profits in the first quarter of 2015, with Valero, one of the state’s largest refiners, reporting $82 million in West Coast profits, compared to a $25 million per quarter average. [Read more…]