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Gasoline price gouging in California draws a warning [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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California's petroleum market watchdog is warning about price gouging at some gas stations charging over $7 or $8 dollars a gallon as the Iran war sends oil prices soaring. The average price of gas in California is currently $5.66, but as of Friday, a Chevron station in Essex is charging $9.69, another in Los Angeles' Chinatown is charging $8.71, and one in Vidal Junction is charging $7.79, according to GasBuddy, which tracks prices across the country. “Our team is vigilantly monitoring the retail, wholesale, and spot markets,” said Tai Milder, director of the California Energy Commission Division of Petroleum Market Oversight in a statement. “Any reports of unfair practices or market manipulation will be taken seriously, and we will not hesitate to refer any illegal conduct for further investigation and prosecution.” Gas prices have jumped some 30% nationally since the U.S. and Israel invaded Iran three weeks ago and Iran blocked off 20% of global oil supply. Californians, who
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