Category: Gasoline

Americans drove more than 3 trillion miles last year

The 33 percent slide at U.S. pumps, combined with an improving job market, touched off a national spending spree on sport utility vehicles, vacations and Christmas presents.  More »

Oil markets, strong production lead US gas prices lower

Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.  More »

Gasoline prices falling again on crude plunge

After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.  More »

Fuel-thirsty California looks to Eastern Canada, Asia for supply

Tankers are bound for California after a spate of refinery shutdowns that propelled the premium for the state’s special blend of gasoline to a seasonal record.  More »

Europe refiners’ gasoline profit at 10-month high on exports

Gasoline’s crack, or premium to Brent crude, rose to $13.46 a barrel on Tuesday, the highest since April 29, according to PVM Oil Associates Ltd, one of the largest brokers for the fuel, before falling to $13.13 at 1:21pm London time.  More »

Fitch: Prolonged refinery strike could affect gasoline supplies

Though the ongoing United Steelworkers strike hasn’t had much impact on the market for refined products yet, it could if the strike continues for much longer, according to a new report by Fitch Ratings.  More »

Student teams rev their engines for Shell Eco-marathon in Motor City

The Shell Eco-marathon is moving from Houston to Detroit this year, but the Anglo-Dutch oil major gave six Houston-area teams of college and high school students a send off at city hall Wednesday for competitors looking to create the most fuel-efficient vehicles.  More »

U.S. consumer spending on fuel at a six-year low in January

According to the Commerce Department’s Bureau of Economic Analysis, Americans spent 21 percent less on gasoline, electricity and gas services in January than at the same time last year.  More »

Ohio sues BP for more than $33M in cleanup of storage tanks

The state’s attorney general and the Ohio Petroleum Underground Storage Tank Release Compensation Board filed the lawsuit Monday. The board administers a fund used as a last resort when tank owners lack coverage or don’t accept insurance money.  More »

Trends in Texas Wind Generation, Driving Habits, and Network-enabled Devices

Apparently, the Queen of England sent her first email in 1976, some 14 years before the World Wide Web was born. I learned this while reading about the growth of ‘smart’ devices, and their impact on energy demand. This week I’ve also been exploring trends in US wind generation, as well as changing gasoline habits. […]  More »

Agency to vote on reducing California gas tax by 7.5 cents

The agency’s staff is recommending reducing the excise tax rate from 18 cents to 10.5 cents.  More »

No new talks set between Shell, Steelworkers

In a negotiations update Sunday, Steelworkers officials countered that oil industry negotiators refuse to address “well-documented and widespread safety deficiencies,” and “reject our efforts to reduce excessive overtime.”  More »

Tesoro OKs two projects at Anacortes plant

Refiner Tesoro Corp. said Tuesday it will spend almost $400 million on two projects at its Anacortes, Washington, refinery.  More »

Oil rises to highest this year amid Libyan, Iraqi disruptions

West Texas Intermediate oil for March delivery rose 75 cents from Friday’s settlement to $53.53 a barrel on the New York Mercantile Exchange.  More »

Brent crude settles over $60 a barrel in London

West Texas Intermediate oil for March delivery advanced $1.57 to settle at $52.78 a barrel on the New York Mercantile Exchange.  More »
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