A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Oil prices dip as crude stockpiles jump

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The news put pressure on oil prices that had risen early in the week.
(Ty Wright/Bloomberg)

Gasoline dips to $1.90 a gallon for Greater Houston

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Patrick DeHaan, senior petroleum analyst for GasBuddy, predicted gasoline prices may tick up slightly this week and then come down more as the holiday season approaches.
(AP Photo/Reed Saxon, file)

Cheap gasoline spurred biggest summer driving season on record

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But while gasoline refiners can take heart from the short-term gains from the recent surge in sales, the long-term outlook should be more worrying
(Jeff Kowalsky/Bloomberg News)

Marathon, CVR post rising refining profits

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Low gasoline prices are cutting into revenues, but low oil prices mean much lower feedstock costs and better margins.
A worker walks under a road of pipelines at the Petroleos Mexicanos Miguel Hidalgo oil refinery in Tula de Allende, Mexico, on Thursday, March. 6, 2013. Susana Gonzalez /Bloomberg

Commentary: California’s recent gasoline import surge – and how TAPS can help

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Earlier this year, during a five-month timespan, gasoline imports in California increased more than 10 times above their typical level, the U.S. Energy Information Administration said. The reason, officials said, was the Feb. 18 explosion at a refinery in Torrance, Calif. The facility, a vital source of gasoline and distillate fuels, has the capacity to […]
(Ty Wright/Bloomberg)

Texas gasoline prices continue to plummet below $2 a gallon

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The national average for gasoline is a bit higher at $2.19 a gallon, but that amount still dropped by six cents in the last week.

Commentary: Stronger dollar clobbers crude

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In honor of what would have been Johnny Carson’s 90th birthday, the oil market is full of chatter to finish the week. We’ve had a bunch of economic releases to promote discussion overnight, while monetary easing is the talk of the town today. Japan’s flash PMI manufacturing print kicked off a decent dump of data, […]
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Retail gasoline prices slip below $2 per gallon in Texas

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AAA Texas on Thursday reported it’s the first time since 2009 that the statewide average slipped below $2 per gallon.
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Phillips 66 grows in Texas, Louisiana to feed refineries

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Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Houston area gas prices dip below $2 average

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Houston region gasoline prices averaged $1.97 a gallon on Monday morning, compared to $2.00 for Texas as a whole and $2.26 a gallon nationwide, according to GasBuddy’s daily survey data.