IlluMyFi

Via Metal Miner The Renewables MMI (Monthly Metals Index) slowed its decline and began flattening out. Overall, the index dropped a slight 0.36%, demonstrating sideways price action month-on-month. Most index components, such as silicon and cobalt, experienced minimal downward movement without much price volatility. However, renewable resource news sources also indicated several notable factors that could impact future renewable energy commodity prices, such as renewable energy projects potentially facing funding complications Renewable Resource…

Sentiment

Bearish/Bullish

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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