According to AAA, the price-per-gallon in California is down nearly a dollar from a month ago, but it's still nearly a dollar higher than a year ago.
"They're not coming down as fast as you might expect, given the rate of decline in crude prices. And that difference there is just straight-up corporate profiteering -- companies making bank off a crisis," Mabud said. Chevron told 7 On Your Side: "There are no easy fixes or short-term answers to global supply and demand imbalances. Chevron is doing its part by lowering carbon emissions, paying down debt and rewarding our shareholders, including countless Americans who hold Chevron stock in their retirement and pension funds.
that corporations had record high profits in 2021 with prices set at 72% above the costs of producing a product, versus 56% pre-pandemic.7OYS's consumer hotline is a free consumer mediation service for those in the San Francisco Bay Area. We assist individuals with consumer-related issues; we cannot assist on cases between businesses, or cases involving family law, criminal matters, landlord/tenant disputes, labor issues, or medical issues..