IlluMyFi

Russia on April 12 kept up the pressure on Ukraine's energy infrastructure with a fresh series of drone and missile strikes that caused additional damage to an already battered electricity grid amid dwindling Ukrainian air-defense capabilities as critical Western military aid fails to materialize. Russia in recent days has launched massive air and drone strikes on Ukrainian civilian and energy infrastructure, causing casualties and major damage. The new strikes on April 12 targeted an energy facility in the southern region of Dnipropetrovsk, which…

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21.12.24 10:00

by oilprice.com

Debunking the Myth of Oil Refiner Price Gouging in California

In 2022, California Governor Gavin Newsom signed SB-1322, the Oil Refiner Price Disclosure Act, into law. The legislation was hailed as a major step toward transparency, requiring refiners in California to report detailed monthly data on their gasoline profit margins. Specifically, refiners must disclose: The cost of crude oil purchased The wholesale price of gasoline sold The gross and net profits earned per gallon of refined gasoline Supporters, including consumer advocacy groups like Consumer Watchdog, argued that SB-1322 would expose “excessive...

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