Category: Gasoline

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 »

U.S. gas prices jump 13 cents a gallon; could go higher

Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

Gasoline futures up on fear refinery strikes curtailing supplies, analysts say

Wholesale distributors appeared to be buying higher volumes of gasoline on fears they won’t be able to tap into supplies later on, pushing commodity prices higher, analysts said Monday as steelworker strikes continued at several U.S. oil refineries.  More »

Gasoline’s new price streak points upward

Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter.  More »

How Americans are spending their windfall from cheap gasoline

Millions of Americans are benefiting from the collapse in gas prices, which Goldman Sachs Group Inc. equates to a tax cut worth as much as $125 billion.  More »

What Lower Prices at the Pump Mean for the US Economy

The price drop we have seen at the pump in recent months has been nothing short of spectacular. It has provided the equivalent of a huge tax cut to the US consumer, considerably boosting disposable income (chuck bucks!*). But as my fellow countryman Geoffrey Chaucer said some 640 years ago, all good things must come to an […]  More »
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