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Two companies agree to pay $50M over allegations they manipulated California gas prices

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Two companies agree to pay $50M over allegations they manipulated California gas prices


The California Attorney General’s Office on Wednesday announced a $50 million settlement over allegations that two gasoline trading firms secretly worked together and manipulated prices on the spot market for gasoline in Southern California in 2015.

The agreement is scheduled to go before San Francisco Superior Court Judge Y.S. Cheng on Aug. 2 to be finalized.

Pending the judge’s approval, the settlement wraps up four years of litigation between the Attorney General, Dutch multinational energy and commodity trading company Vitol, Korea-based SK Energy Americas and SK’s trading arm.

During that time, more than 2 million documents were exchanged and some 50 depositions were submitted among the parties.

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The dispute dates back to a lawsuit filed in May 2020, when the state accused Vitol and SK of taking advantage of market conditions after an explosion at a refinery in Torrance knocked off about 10 percent of the state’s gasoline supply. The lawsuit claimed the companies engaged “in a scheme to drive up gas prices for their own profit” by suppressing competition within the gas market, thus driving up prices for consumers.

The lawsuit accused Vitol and SK of trading small amounts of gasoline at high prices, with the intention of causing a spike in the prices of large volumes of gas sold in California’s fuel market.

Under the terms of the agreement, Vitol and SK will pay $12.5 million in civil penalties under California’s Unfair Competition Law and $37.5 million to the Attorney General’s office. Both companies no longer operate in the California gasoline trading market.

“Market manipulation and price gouging are illegal and unacceptable, particularly during times of crisis when people are most vulnerable,” Attorney General Rob Bonta said in a statement.

The Union-Tribune reached out to Vitol and SK to comment on the settlement but did not receive responses from either company by 5 p.m. Wednesday. In the agreement, there is no admission by Vitol or SK of legal wrongdoing.

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The Attorney General’s Office said the inflated price of retail gas affected 10 counties in Southern California — including San Diego County — between Feb. 20 and Nov. 10, 2015. Under the settlement, customers who purchased gas during that period may file a claim to receive a portion of the $37.5 million paid by Vitol and SK.

According to the Attorney General’s Office, the $37.5 million is currently sitting in escrow and can be tapped when and if the judge OKs the agreement.

Once that is done, a process will be put in place to notify customers how to file claims and access their respective shares of the $37.5 million payout. According to the settlement, notifications will include sending postcards to households and posting a link where customers can fill out claims.

The $12.5 million in civil penalties will go to a fund that supports the Unfair Competition Law, which includes paying the legal fees associated with bringing the case against Vitol and SK.

Over the course of the lawsuit, one expert called by the Attorney General’s Office estimated the higher price in gasoline attributed to Vitol and SK in 2015 came to $127.8 million.

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But the AG’s office said in the legal agreement that “a number of challenges and unsettled legal issues” could potentially reduce the monetary liability that Vitol and SK faced. The office cited the “difficulty of piecing together the actions of individuals nine years ago” and the “inherent risk of putting on a jury trial.”

Taking those factors into consideration, “the negotiated Settlement represents the best outcome for consumers,” the Attorney General’s Office said.

The high cost of gasoline has long been a hot political topic in California, most recently after drivers saw the average price of a gallon of regular soar past $6 during spikes in 2022 and 2023.

With the prodding of Gov. Gavin Newsom, the Legislature last year passed Senate Bill X1-2.

Hailed by the governor’s office as the “nation’s first price gouging law,” SB X1-2 created the Division of Petroleum Market Oversight to monitor the state’s crude oil and gasoline companies.

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The division’s director issued a statement after Wednesday’s settlement was announced.

“When oil companies manipulate markets to line their own pockets, California will hold them accountable, and I commend my former colleagues in the Department of Justice on seeing this landmark case through to a successful conclusion,” Tai Milder said.

SB X1-2 requires refineries to report maintenance schedules in advance and provide daily reports on the market and imports. In addition, the legislation gives the California Energy Commission authority to penalize oil companies if they exceed a “maximum gross refining margin.”

The details of what will trigger the penalty — the first of its kind in the U.S. — and when it will be enforced are still being worked out.



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San Diego, CA

Scene: Jewish Family Service Heart and Soul Gala

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Scene: Jewish Family Service Heart and Soul Gala


Jewish Family Service of San Diego held its annual Heart and Soul Gala recently at Park Hyatt Aviara Resort in Carlsbad. The event raised $1.9 million to benefit the nonprofit’s community programs, which help people of all faiths and backgrounds.

More than 400 guests attended. The event celebrated the contributions of 2024 honorees Ed and Barbara Shapiro, founders and trustees of The Shapiro Foundation; and philanthropists Sharon and David Wax.

If your organization has held an event, you’re welcome to email a high-resolution photo along with information on the event to society@sduniontribune.com. Please clearly identify those in the photo, make them aware their image might appear in print and online, include the photographer’s name for credit and be sure to include the who, what, where, when and why information on the event.

 

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Padres All-Star Jurickson Profar has proved himself relevant

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Padres All-Star Jurickson Profar has proved himself relevant


ARLINGTON, Texas — Padres players from time to time wear T-shirts with a cartoon Jurickson Profar on the front doing his base hit celebration.

The cartoon Profar is smiling, and his arms are raised with his elbows bent and down to form the top of a heart over his head. On the front of his jersey is the word, “RELEVANT.”

The shirts were made in response to the poetically ill-timed response in a postgame interview by Dodgers catcher Will Smith in April.

In the fifth inning of the middle game of a three-game series at Dodger Stadium, Profar took exception to an inside pitch from Gavin Stone and let Smith know he was not pleased. The benches cleared, though nothing more than a little shouting and a lot of standing around happened.

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After the Dodgers’ victory that night, as Profar was acknowledging he had been wrong to think Stone was throwing at him because he had squared to bunt, in that the pitcher had a perfect game at the time, Smith was saying this to the Dodgers’ flagship radio station:

“I don’t know why we would have thrown at him. He’s kind of irrelevant.”

The next night, Profar’s bases-loaded double in the seventh inning drove in the deciding runs in a 6-3 Padres victory.

Profar has always downplayed the incident, and there was no apparent ill will when the Padres and Dodgers played in May in San Diego.

Now, the two players are on the same team in the All-Star game.

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They had not talked as of early Monday.

“It doesn’t matter,” Profar said. “It’s going to be OK. He’s another baseball player. He’s not the enemy. I have seen enemies in front of me before. Really, really enemies in Curacao. Will Smith is a baseball player.”

Profar felt Smith did not mean what he said to be as disrespectful as it sounded. He also agreed that perhaps at the time, he could be viewed as irrelevant, in that he hit .236 for the Rockies in 2023.

Smith said Monday he didn’t really even mean to include Profar.

“That had nothing to do with it,” Smith said of Profar’s accomplishments as a player. “It was the situation only. My bad. It was nothing personal. … He’s fiery, plays hard. He’s a competitor. In competition, the best and worst comes out of us. He’s a competitor and a good player.”

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Profar seemed most perturbed that some seem to think it was Smith who got him going on his way to what is so far the best of his 11 seasons in the major leagues.

“People say it was him that lit a fire,” Profar said. “It wasn’t him.”

Profar has talked many times over the past few months about his love for the game and for the Padres and his desire to keep playing and prove he could be the player he has always felt he could be.

Profar arrived at spring training having signed a $1 million contract and knowing he was replaceable.

“With my contract,” he said Monday of his thoughts at the time, “obviously they are going to get someone (else) to play the outfield.”

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Profar pretty much had it nailed. Signing Tommy Pham or making a trade for an outfielder was very much in play at the time. But the Padres decided during Profar’s strong spring that they could hold off on a move and focus their resources on acquiring pitcher Dylan Cease.

The reality, however, is the Padres signed the 31-year-old because they thought he believed in him as a leader and thought he would be useful enough in the outfield and at the plate. In no way did anyone believe he would be hitting .305 with an .870 OPS, be tied for the team lead with 14 home runs and starting in left field for the NL in Tuesday’s All-Star game.

“No,” Profar said with a hearty laugh. “Because they didn’t pay to believe.”

Profar has earned earned $300,000 in playing time incentives and is seven plate appearances from adding another $200,000. That would leave another $1 million that could be earned if he were to reach 600 plate appearances.

“I worked hard,” he said. “The hard work is paying off.”

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The best things to do this week in San Diego: July 15-19

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The best things to do this week in San Diego: July 15-19


Here are some of the best things to do this week in San Diego, from Monday, July 15 to Friday, July 19.

Check back Wednesday for our guide to things to do this weekend.

Monday

Summer Organ Festival: The Spreckels Organ Society’s summer series continues with free Monday night concerts at 7:30 p.m. through Sept. 2. Next up on Monday: Organist Clara Gerdes. 2125 Pan American E. Road, Balboa Park, San Diego. Full schedule at spreckelsorgan.org/summer-organ-festival

Shark Summer at Birch Aquarium: For the month of July, the Birch Aquarium invites guests to celebrate “Shark Summer” and participate in activities that teach about these creatures that reside in our local waters. Shark feedings, kelp forest dives and meetings with shark specialists are just a few activities guests can experience at the museum to immerse themselves in the world of sharks. Guests are also welcome to explore other exhibits throughout the museum to learn about other neighboring ocean wildlife. 9 a.m. to 7 p.m. Monday. 2300 Expedition Way, La Jolla. General admission is $29.95, additional discounts available online and in-person. aquarium.ucsd.edu/events/shark-summer

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J1 Karaoke Night in Pacific Beach: Singers can take the stage at Union Kitchen and Tap Pacific Beac  for J1 Karaoke night. With over 100 people attending this Monday night, karaoke singers will face off in a competition to be crowned as the “Best Karaoke Singer of the Night.” As a prize, the winner will be rewarded with a $100 bar tab to use at the next event. 10 p.m. Monday. 832 Garnet Ave., San Diego. Early bird tickets are $7.18. eventbrite.com/e/j1-karaoke-night-union-pb-prizes-for-best-singers-tickets-940565836737?aff=ebdssbdestsearch

Tuesday

Twilight in the Park: The free summer concert season at the Spreckels Organ Pavilion continues with three mid-week concerts at 6:30 p.m., through Aug. 29. Next week, Ana “La Gitana” Group belly dancing on Tuesday; Pomerado Community Band on Wednesday; 3 Car Garage on Thursday. Balboa Park, San Diego. Schedule at balboapark.org/twilight-concerts

“Henry 6”: The Old Globe presents the world premiere of Barry Edelstein’s two-play adaptation of William Shakespeare’s three “Henry VI” history plays, which tell the story of England’s War of the Roses. “Part One: Flowers and France” and “Part Two: Riot and Reckoning” are playing in rotating repertory through Sept. 15. All performances at 8 p.m. Tuesdays-Sundays. Lowell Davies Festival Theatre, The Old Globe, 1363 Old Globe Way, Balboa Park, San Diego. $35-$116. (619) 234-5623, theoldglobe.org

Pacific Beach Tuesday’s Farmers Market: On Tuesdays, local farmers and small businesses gather in Pacific Beach for an outdoor market event to sell their own unique selections of groceries. Customers can find fresh produce, meats, cheeses, flowers, dips and spreads directly from the hands that made them. Alongside 14 certified farm vendors, San Diego-based vendors are encouraged to apply online to be selected to join the weekly grocery market. 2 to 7 p.m. Tuesdays. 901 Hornblend St., San Diego. Free entry. pacificbeachmarket.com

Trivia Tuesdays at Belmont Park: In collaboration with Sunset Trivia, Draft House in Belmont Park is hosting its weekly trivia night with an extended happy hour. Participating guests of the evening  will test their trivia knowledge to compete for first, second and third place. At the end of the night, the trivia winners will receive restaurant gift card prizes to use at their next Draft House visit. 6:30 to 9 p.m. Tuesday. 3105 Ocean Front Walk, San Diego. Free. sdtoday.6amcity.com/events#/details/trivia-tuesdays-at-draft-at-belmont-park/10972440/2024-07-16T18

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Wednesday

‘In Blue Time’ to debut at the Timken Museum: “In Blue Time,” a large-scale wall drawing created over the past month at the Timken Museum of Art by artist-in-residence Tatiana Ortiz-Rubio, will open Wednesday in Balboa Park. The drawing was inspired by the Timken’s 1557 painting “Parable of the Sower” by Pieter Bruegel the Elder. Derrick Cartwright, the Timken’s director of curatorial affairs, will discuss the work with Ortiz-Rubio at a preview event from 10 to 11 a.m. Tuesday. Tickets to the discussion are $15. The “In Blue Time” piece will be on display from Wednesday through Sept. 29. 1500 El Prado, Balboa Park, San Diego. Free. timkenmuseum.org

Pride interfaith service: St. Paul’s Cathedral in Bankers Hill will be the location for a special Pride interfaith service. Dean Penny Bridges and LGBTQ+  faith leaders will lead the service. Afterward, the cathedral will be illuminated in rainbow colors. The event is free and open to the public. 7 p.m. July 17. 2728 Sixth Ave., San Diego. sdpride.org/lightup

Dog Haus Celebrates National Hot Dog Day: By becoming a Haus member, visitors can claim a free hot dog at Dog Haus Biergarten in honor of National Hot Dog Day. Customers will have a variety of six gourmet hot dogs to choose from, each made with Creekstone Farms natural premium black angus beef and a King’s Hawaiian bun. The promotion does not require an in-store purchase but is limited to one hot dog per person. 8:30 to 10 p.m. Wednesday. 227 E Broadway, Vista. Free. vista.doghaus.com

“Tick, tick … BOOM!”: Cygnet Theatre presents Jonathan Larson’s semi-autobiographical musical about a young theater composer’s anxiety over not being a big success by age 30. 7 p.m. Wednesdays, Thursdays and Fridays; 2 and 7 p.m. Saturdays; 2 p.m. Sundays. Through Aug. 4. 4040 Twiggs St., Old Town San Diego. $30 and up. (619) 337-1525, cygnettheatre.com

Line dancing on Lapper Lawn: Thursday, find a free line dancing lesson at Lapper Sports Bar and Kitchen in Mission Valley. Learn how to move to classic country songs out on the lawn with the help of a DJ instructor. Food and drink specials will also be available for purchase off the dance floor which will all include free parking with validation. 6 to 9 p.m. Wednesday. 500 Hotel Circle North, San Diego. Free. towncountry.com/dine/lapper

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Light up the Cathedral for Pride: St. Paul’s Episcopal Cathedral will be the place to watch a spectacle of rainbow lights decorating the church. Dean Penny Bridges, LGBTQ+ faith leaders and allied faith leaders will join together to celebrate faith and pride with an interfaith pride service. The hour-long service will include music from the San Diego Gay Men’s Chorus and San Diego Women’s Chorus, speeches from LGBTQ+ Faith leaders, and a presetation of the Light of Pride Award. Guests can watch the rainbow light display outside of the church and enter the Fellowship Hall where dessert will be served. 7 p.m. Wednesday. 2728 Sixth Ave., San Diego. Free. sdpride.org/lightup/ 

Thursday

“The Color Purple”: New Village Arts presents the musical adaptation of Alice Walker’s Pulitzer Prize-winning novel about Celie, an indomitable Southern Black woman in early 1900s Georgia. 7:30 p.m. Thursdays and Fridays; 2 and 7:30 p.m. Saturdays; 2 p.m. Sundays. Through July 22. 2787 State St., Carlsbad. $33 and up. (760) 433-3245, newvillagearts.org

21+ Night at WNDR Museum: Adult guests are invited to venture through different interactive art displays at the WNDR Museum for a 21+ night event. For extended hours, visitors can experience each installation to this month’s local DJ performance with DJ Mike Merrell. Bigfoot Corndogs will also be providing food and drinks available for purchase in the WNDR Lounge. All visitors must have a valid ID for entry and museum doors close at 9 p.m. 6 to 10 p.m. Thursday. 422 Market St., San Diego. General admission is $25. wndrmuseum.com/event/21-night-at-wndr-san-diego-july/

“The 25th Annual Putnam County Spelling Bee”: Lamb’s Players Theatre presents William Finn and Rachel Sheinkin’s audience-interactive comedy musical about five awkward adolescent contestants at a regional spelling bee. 7 p.m. Thursdays and Fridays; 2 and 7 p.m. Wednesdays and Saturdays; 2 p.m. Sundays. Through Aug. 18. Lamb’s Players Theatre, 1142 Orange Ave., Coronado. $38-$92. (619) 437-6000, lambsplayers.org

Friday

Spirit of Stonewall Rally: The Spirit of Stonewall Rally is an event that acknowledges those who contribute to the LGBTQ+ community through leadership, fundraising efforts and activism. The event will also have guest speakers and the raising of the Pride flag. The first Spirit of Stonewall Rally in San Diego was held in 1975. 6 to 7 p.m. July 19. 1500 University Ave., San Diego. sdpride.org/rally-2024

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Southwestern Summer Shakespeare Festival returns:Southwestern College Theatre Arts Department presents its second summer Shakespeare festival with two alternating productions running July 19 through Aug. 4. This year’s plays are “Romeo y Julieta,” a  bilingual version of “Romeo and Juliet,” and “Much Ado About Nothing” set at Southwestern College in the 1990s. “Romeo” will play at 7 p.m. July 19, July 27 and Aug. 2; and at 2 p.m. July 20, July 28 and Aug. 3. “Much Ado” plays at 7 p.m. July 26, Aug. 3 and 4; and at 2 p.m. July 21 and 27 and Aug. 4.  900 Otay Lakes Road, Chula Vista. $10. https://www.swctheatre.com/

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