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U.S. fuel consumption slipped in August as crude-oil production surged to the highest level for the month in 25 years, the American Petroleum Institute said.
Americans burn through 1.2 gallons of gasoline per person each day. There’s no other country that comes close. Even Canadians, themselves gas hogs, use almost a third less.
Gasoline below $3 per gallon has gone the way of the 8-track tape and drive-in movie for most Americans, AAA says.
Valero, the nation’s largest independent refiner, said its plan to expand hydrocrackers at its Port Arthur refinery and St. Charles plant in Louisiana would be delayed until 2018 instead of 2015.
U.S. exports of gasoline, diesel and other petroleum products has hit its highest ever level for the third quarter of the year and is on pace to set an overall record, according to federal data.
The average price for regular gasoline at U.S. pumps rose 2.61 cents in the past two weeks to $3.5847 a gallon, according to Lundberg Survey Inc.
Ethanol’s discount to gasoline narrowed on speculation production of the biofuel will drop lower than levels already seasonally below-average before this year’s corn harvest.
Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over?
If we’re really serious as a country about curbing emissions and altering driving behaviors for the betterment of the environment, let’s be prepared to make tough choices and institute real measures to encourage those positive shifts in individual behaviors.
Customers may see new soda and electronic cigarette offerings at some of CST Brands Inc.’s convenience stores as the San Antonio-based company aims to increase same-store sales in the second half of the year.