SACRAMENTO, Calif., June 24, 2025 — As oil refiners make a case in Sacramento for a bailout, new data published by the California Energy Commission shows oil refiners making 97 cents per gallon in gross profit from California gasoline in April – more than double their historical norms.
Consumer Watchdog said oil refiners are crying wolf in Sacramento seeking a bailout, while raking in big profits at the pump.
Energy Commission data, produced under Senate Bill 1322 (Allen), shows gross refining margins – the profits indicator for refiners – at 80 cents per gallon in February, 75 cents per gallon in March and 97 cents per gallon in April…