---

 [ VOICES ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=375)

#  Gasping at the Gas Pump

GUEST COMMENTARY - Some readers may have seen the graphic showing oil company revenues since last year:

Written by LIZ AMSDEN on March 24 2022.

<a class="a2a_button_facebook"></a><a class="a2a_button_twitter"></a><a class="a2a_button_email"></a><a class="a2a_button_print"></a>[](https://www.addtoany.com/share)

 [Comments](#disqus_thread)

GUEST COMMENTARY - Some readers may have seen the graphic showing oil company revenues since last year:

 **Exxon: ⬆️ 57%**

 **Chevron: ⬆️ 84%**

 **Shell: ⬆️ 49%**

 **BP: ⬆️ 45%**

Others have simply looked at the dollars spin as they fill up at the gas station.

Ever wonder *why* prices have jumped 25% and more across the country so soon after Russia invaded Ukraine?

Does the war mean the oil companies are paying more to refine and transport existing gasoline supplies?

Did they not have stocks of oil on hand bought at bargain basement prices? Did they overbuy at the top of the spike just to mess with Biden and the proponents of the Green New Deal?

Or are they just capitalizing on the situation, on the reports that Europe will no longer receive the flow of Russian oil that they need to heat their homes and drive their cars?

The reality is that attempts to stop the export of Russian gas have not significantly increased the price of crude oil. It was simple speculation that sent mercantile exchange prices spiking. And then the Wall Street flacks drummed up people’s fears to generate quick day-trading profits.

Longer-term speculators following in their footsteps may have already lost a bundle because oil values have dropped down to near pre-invasion prices.

On the other hand, the price at the pump continues to soar.

Historically, retail gasoline prices rise quickly but fall slowly, with every link in the supply chain eking out every last cent.

Consequently escalating the cost of every other good and service on which Americans depend, forcing a fraudulent inflation spiral.

Consumers can choose to accept this practice, or speak out and say that they are not going to take it anymore.

And then there are all the fossil fuel purveyors demanding governments waive arduously-won protections for our air and water and ecology to allow them to profiteer off this war and create further oil infrastructure and dependency that will last for another few generations.

That is, if the world survives at all.

Do we need to actually beg our elected officials to address these obscene practices?

The silver lining will certainly be an uptick in electric car sales and, if Biden and governments across the United States and around the world can continue to stand up to Big Oil, an accelerated transition to clean energy.

And perhaps an increased chance to reduce global warming and improve the quality of life for the coming generations.

Here in California, the supply chain disruption due to more restrictions, rising prices and increasing difficulties in sourcing adequate and consistent supplies will, in the long run, most certainly impact the plastics industry whose profits are dependent on cheap oil.

But, again, is this necessarily a negative outcome?

Those industries will be forced to evolve. Possibly – preferably – by shifting their focus from the multitude of cheap, mostly unrecyclable products that befoul our middens and oceans, to sturdier and recyclable goods for which they can charge a price to reflect their own costs.

And since costs should include all transportation, these goods will then be cheaper to make here in the United States than in China or Pakistan.

Another reason to lean on our politicians – to stop the subsidies, paid for with American taxes, that encourage multinationals to ship raw materials across the ocean, manufacture merchandise with what amounts to slave labor, and then ship gimcrack goods back to our Walmarts and 99-Cents-Only stores.

With the establishment of well-paying production jobs here, American consumers will once again be able to afford quality goods Made in America.

And made with good, clean American green energy.

*(Liz Amsden is an activist from Northeast Los Angeles with opinions on much of what goes on in our lives. She has written extensively on the City's budget and services as well as her many other interests and passions. In her real life she works on budgets for film and television where fiction can rarely be as strange as the truth of living in today's world.)*

[![](https://mail.citywatchla.com/images/ME%20DENTAL%20SPA/me%20dental%202026%20final.jpg)](http://medentalspa.com/)

 ![](https://mail.citywatchla.com/images/banners/signup-for-cw.png)

## Get The News In Your Email Inbox Mondays &amp; Thursdays

 Website

 [ ![LA DWP #2 (Pay Your Bill Help)](https://mail.citywatchla.com/images/LADWP/dwp%20level%20pay%205-7-25.jpg) ](https://mail.citywatchla.com/component/banners/click/82 "LA DWP #2 (Pay Your Bill Help)")

 [ ![Home - HHR Rent is too High - SB-2](https://mail.citywatchla.com/images/HHR/AHF-rent-too-high.jpg) ](https://mail.citywatchla.com/component/banners/click/104 "Home - HHR Rent is too High - SB-2")

 ---

##  Featured CityWatch Stories

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/fd/064h-fdb0b507.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=29355:remembering-ken-draper-citywatch-and-transparency-are-his-legacy&catid=12)

### [Remembering Ken Draper: CityWatch and Transparency Are his Legacy](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=29355:remembering-ken-draper-citywatch-and-transparency-are-his-legacy&catid=12)

LA WATCHDOG - Ken Draper, the editor and publisher of CityWatch for more than 20 years, passed away on August 8, 2022…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/0f/061a-0f1ada2f.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33148:brace-yourself-for-a-worse-housing-crisis&catid=398)

### [Brace Yourself For A Worse Housing Crisis](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33148:brace-yourself-for-a-worse-housing-crisis&catid=398)

PLANNING WATCH - The California State Legislature will soon vote on the following draft legislation. Please carefully…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/54/064j-54f0ecbd.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33204:be-prepared-to-protect-our-democracy-in-november-from-a-trumpian-plot&catid=9)

### [Be Prepared to Protect Our Democracy in November From a Trumpian Plot](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33204:be-prepared-to-protect-our-democracy-in-november-from-a-trumpian-plot&catid=9)

BE AWARE - Back in the days when conservatives were so hungry for media platforms that they’d come on progressive shows…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/ab/063e-ab3b1ba1.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33174:nithya-raman-loses-the-homelessness-gavel-her-record-explains-why&catid=396)

### [Nithya Raman Loses the Homelessness Gavel — Her Record Explains Why](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33174:nithya-raman-loses-the-homelessness-gavel-her-record-explains-why&catid=396)

THE BOTTOM LINE - Raman wants Los Angeles voters to promote her to mayor. Before handing her the keys to City Hall, v…

 [ ![](https://mail.citywatchla.com/media/yootheme/cache/75/064a-75d5dbb3.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33199:your-boss-owns-your-workday-not-your-brain&catid=425)

### [Your Boss Owns Your Workday—Not Your Brain](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33199:your-boss-owns-your-workday-not-your-brain&catid=425)

THE NEURAL WORKPLACE - California must protect workers before workplace surveillance crosses the final frontier: the hu…

---

##  [ VOICES ](https://mail.citywatchla.com/index.php?option=com_content&view=category&id=375)

 [ ![](https://mail.citywatchla.com/images/stories/July-2026/058n.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33085:la-city-councils-shameful-ploy-it-buries-meeting-intent-in-a-cluttered-amendment&catid=375)### [LA City Council’s Shameful Ploy: It Buries Meeting Intent in a Cluttered Amendment](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33085:la-city-councils-shameful-ploy-it-buries-meeting-intent-in-a-cluttered-amendment&catid=375)

 [ ![](https://mail.citywatchla.com/images/stories/July-2026/060i.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33128:section-214-grants-a-foreign-nation-access-to-the-american-military-juggernaut&catid=375)### [Section 214 Grants a Foreign Nation Access to the American Military Juggernaut](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33128:section-214-grants-a-foreign-nation-access-to-the-american-military-juggernaut&catid=375)

 [ ![](https://mail.citywatchla.com/images/stories/July-2026/060h.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33129:service-above-self-rotary-faces-its-biggest-test-yet&catid=375)### [Service Above Self? Rotary Faces Its Biggest Test Yet](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33129:service-above-self-rotary-faces-its-biggest-test-yet&catid=375)

 [ ![](https://mail.citywatchla.com/images/stories/July-2026/060c.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33135:coyotes-are-notorious-for-not-paying-rent&catid=375)### [Coyotes Are Notorious for Not Paying Rent](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33135:coyotes-are-notorious-for-not-paying-rent&catid=375)

 [ ![](https://mail.citywatchla.com/images/stories/July-2026/059j.jpg) ](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33106:why-isnt-zohran-mamdani-being-sued-for-defamation&catid=375)### [Why Isn't Zohran Mamdani Being Sued for Defamation?](https://mail.citywatchla.com/index.php?option=com_content&view=article&id=33106:why-isnt-zohran-mamdani-being-sued-for-defamation&catid=375)
<div data-id="1" 
	class="eb-inst eb-hide eb-emailform eb-1 eboxContentLocker"
	data-options='{"trigger":"onPageLoad","trigger_selector":"","delay":3000,"early_trigger":true,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":1,"reverse_scroll_close":true,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":10000,"close_on_esc":false,"animation_open":"slideInDown","animation_close":"fadeOutDown","animation_duration":400,"disable_page_scroll":true,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #1 - Global Email Signup Form","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog eb-formVer" role="dialog" aria-modal="true" id="dialog1" aria-label="dialog1">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<form action="https://citywatchla.us2.list-manage.com/subscribe/post?u=34d69f33624fd058ee9b56516&amp;id=4bfa422f51&amp;f_id=00d6c2e1f0" class="eb" method="post" id="mcform-1" name="mcform-1" target="_blank">
			<div class="eb-form-header"><p><img src="/images/2023/06/be-a-city-watcher.png" alt="be a city watcher" width="350" height="97" loading="lazy" data-path="local-images:/2023/06/be-a-city-watcher.png"></p>
<p>Sign up to receive our special e-news blasts on Monday and Thursday evenings!</p></div>
	
					<div class="eb-field-row">

			
			
			
			<input class="eb-input" type="email" name="EMAIL"  placeholder="Email address"  id="EMAIL" value="" required>

			
		</div>
										
	<div class="eb-footer">
    	<button class="eb-btn" type="submit" name="subscribe" style="background-color:rgba(93, 183, 93, 1);color:rgba(255, 255, 255, 1)">
    		Sign up    	</button>
    </div>
</form>			</div>
		</div>
	</div>	
</div>
<div data-id="3" 
	class="eb-inst eb-hide eb-yesno eb-3 "
	data-options='{"trigger":"onScrollDepth","trigger_selector":"","delay":0,"early_trigger":false,"scroll_depth":"percentage","scroll_depth_value":80,"firing_frequency":2,"reverse_scroll_close":false,"threshold":0,"close_out_viewport":false,"exit_timer":1000,"idle_time":1000,"close_on_esc":false,"animation_open":"fadeInUp","animation_close":"fadeOut","animation_duration":300,"disable_page_scroll":false,"test_mode":false,"debug":false,"ga_tracking":true,"ga_tracking_id":"G-P16BQ7X1SW","ga_tracking_event_category":"EngageBox","ga_tracking_event_label":"Box #3 - Yes \/ No Donation Popup Box","auto_focus":false}'
	data-type='popup'
	>

	<button type="button" data-ebox-cmd="close" class="eb-close placement-outside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>
	<div class="eb-dialog " role="dialog" aria-modal="true" id="dialog3" aria-label="dialog3">
		
		<button type="button" data-ebox-cmd="close" class="eb-close placement-inside" aria-label="Close">
	<img alt="close popup button" />
	<span aria-hidden="true">&times;</span>
</button>	
		<div class="eb-container">
						<div class="eb-content">
				
<div class="ebox-yes-no">
	<div class="ebox-yn-text">
		
		
		<div class="ebox-yn-headline" style="font-size:22px;color:#888888">
			<p>If you only give once a month, would you consider giving to CityWatch?</p>
<p>Your support fuels our mission to promote and facilitate civic engagement and neighborhood empowerment, and to hold area government and its politicians accountable.</p>
<p>Would you like to help? Even if you can only give $5, it will make a difference.</p>		</div>
			</div>
	
	<div class="ebox-ys-buttons" style="font-size: 16px;">
		
<a
					data-ebox-prevent="0"
		data-ebox-cmd="close"
				target="_self"
		href="https://www.citywatchla.com/donate"
		rel="noopener"
	
	
	
	
	class="ebox-ys-btn"
	style="background-color:#2ec664;color:#ffffff;min-width:100px">
	Yes
	</a>
<a
	
	
			data-ebox-cmd="close"
		href="#"
	
	
	class="ebox-ys-btn"
	style="background-color:#ef2345;color:#ffffff;min-width:100px">
	Not Right Now
	</a>	</div>

	</div>			</div>
		</div>
	</div>	
</div>