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Tag: oil prices

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

Florida unveils app to report price-gouging | FOX 13 Tampa Bay

TAMPA, Fla. (FOX 13) – The next time you feel like you’re getting price-gouged and want to report it, there’s an app for that. Florida Attorney General Ashley Moody just unveiled a new anti-price-gouging app. It’s part of her plan fight gouging as hurricane season begins. Read complete article here: Florida unveils app to report […]

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

Mo. AG warns of price gouging, scams in wake of tornadoes, storms, flooding | KFVS

JEFFERSON CITY, Mo. (KFVS) – In the wake of Wednesday’s tornado in Jefferson City, recent storms and on-going flooding, Attorney General Eric Schmitt is urging Missourians to be vigilant when making repairs. Schmitt is concerned about scammers and price gouging. Anyone experiencing or witnessing fraud is asked to report any wrong-doing to the Attorney General’s […]

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

6 Texas Gas Stations Agree To Refund Customers For Hurricane Harvey Price Gouging | CBS Dallas / Fort Worth

AUSTIN, Texas (CBSDFW.COM) –  The Texas Attorney General’s Office’s Consumer Protection Division settled lawsuits against two Texas gas stations accused of price gouging during the Hurricane Harvey disaster. The AG’s Office also secured Assurances of Voluntary Compliance with four Dallas-Fort Worth Metroplex gas stations. Under separate agreements, Encinal Fuel LLC and Lafayette C-Store will each […]

Ryanair expects to win in airline ‘fare wars’ | BBC News

Ryanair expects to win in airline ‘fare wars’ | BBC News

Ryanair chief Michael O’Leary has said he expects the airline to benefit from any price war in the industry. Mr O’Leary said “artificially low prices” and “attritional fare wars” could dent profits for a year or two. He was speaking after the airline reported that profits fell by nearly a third last year to €1bn […]

No more gas price gouging says Windsor MP | Blackburn News

No more gas price gouging says Windsor MP | Blackburn News

The MP for Windsor West is demanding more protection for consumers who are being gouged at the gas pump. Brian Masse wants the federal government to restore the Gas Price Monitoring Agency and brought up the issue during Question Period in Ottawa Thursday afternoon. “Mr. Speaker, with gas prices soaring once again nothing protects Canadians from […]

Fresh blow to consumers as fuel pump prices rise | The Standard

Fresh blow to consumers as fuel pump prices rise | The Standard

Consumers are staring at a fresh surge in the cost of living after the regulator sharply increased the price of fuel. According to the latest monthly fuel pump price review released by the Energy Regulatory Commission (ERC) yesterday, motorists will now pay Sh112 for a litre of petrol in Nairobi. This is an increase of […]

Canberra petrol stations made double the profit of their counterparts across Australia last year | Australian Broadcasting Corporation

Canberra petrol stations made double the profit of their counterparts across Australia last year | Australian Broadcasting Corporation

If you suspected that petrol stations in Canberra are ripping you off — you are right. The numbers have been laid out black and white in a report into fuel pricing by the Independent Competition and Regulatory Commission (ICRC), which found Canberra’s fuel retailers make on average a $750,000 profit annually, compared to $400,000 at […]

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits | OilPrice.com

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits | OilPrice.com

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch resulting from U.S. sanctions on Iran and Venezuela opens an opportunity to boost revenues. Bloomberg reports the price for Arab Light with a June delivery date is now the highest in […]

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

Unregulated gas-price ‘gouging’ means huge profits at the expense of drivers in Vancouver, says economist | The Star

VANCOUVER—Is it time to cap gas prices? With consumers paying record-high prices in Metro Vancouver, Premier John Horgan said this month his government would consider “some relief” for those who can’t afford $1.70 a litre. At least one economist says assistance should come in the form of regulation. Marc Lee, a senior economist at the […]

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Big oil refiners from Alberta price-gouging B.C. customers: Think-tank | Vancouver Sun

Alberta’s oil industry is raking in “excess profits” by price-gouging B.C. customers, according to a new report by the Canadian Centre for Policy Alternatives. Marc Lee, an economist at the CCPA and the author of the report, says: “Turn off the taps? Alberta already has Vancouver over a barrel,” and taxes aren’t to blame for […]