CA Refiners Accused of Market Manipulation Despite Lower Prices

Aaron J. AbeytiaAaron Abeytia

Aaron Abeytia anchors afternoon newscasts on News/Talk 580 & 105.9 KMJ. Read More…

 

 

 


 

Listen to the report as aired on News/Talk 580 AM & 105.9 FM KMJ

FRESNO, Calif. (KMJ) — The price of gas in the Golden State has fluctuated significantly this year.

Refinery problems, special blends, and union walkouts were blamed for the sudden spikes.

Fuel is now averaging $3.44 a gallon, which according to AAA, is about 70 cents lower than it was around the same time in 2014.

However, the Santa Monica-based Consumer Watchdog says something still isn’t right.

With the price of crude down to $60 a barrel, advocates believe gas prices should be a dollar cheaper than where they presently stand.

They, along with some state lawmakers, are calling for investigations into the actions by refiners, whom they accuse of market manipulation.
 

 

 

 

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