Category: Gasoline

In Case of Emergency

Last month, the Department of Energy announced its plans to build a gasoline storage reserve in the Northeast. Widespread shortages caused by massive super storm Sandy sparked plans to mitigate future risks in affected Northeastern states. The gasoline reserve will hold nearly one million gallons of gasoline, providing power to first responders and generators. The […]  More »

Gasoline at US pumps set to hit six-year seasonal high

Gasoline in the U.S. climbed this week, boosted by a surge in oil, and is expected to reach the highest level for this time of year since 2008.  More »

Crude-export shutdown in Iraq unlikely, analysts say

International crude prices climbed to their highest point in 10 months on fears that sectarian violence in Iraq will spill into the south and cut off crude exports from the port at Basra, but that’s a highly unlikely scenario, experts said Friday.  More »

History of gasoline and oil exports murky

As oil companies clamor to export crude, they may look to the government’s 1981 decision to green-light overseas gasoline sales for guidance. There’s just one problem: The government records underpinning that move are missing in action.  More »

Vermont sues refiners over use of gasoline additive

The Vermont Attorney General’s office is suing more than two dozen of the country’s largest refiners of gasoline over the use of the gasoline additive MTBE that it says has caused widespread groundwater pollution.  More »

Crude oil flat despite U.S. supply drop

Benchmark U.S. oil for July fell 2 cents to close at $102.64 a barrel.  More »

Pain at the Pump

With Memorial Day behind us, the summer driving season is “officially” underway. Predictably, the price of gasoline is rising. AAA has warned motorists’ gasoline prices are expected to remain high this summer, a reoccurring trend. Since 1995, when the Environmental Protection Agency (EPA) mandated two types of gasoline formulas be used – summer and winter […]  More »

So far, summer demand hasn’t boosted pump prices

Gasoline prices in Texas and Houston are steady early in the summer driving season–almost unchanged from a week ago and 20 cents below the national average.  More »

Oil ends the week down 1.6 percent

But benchmark U.S. crude finished the month up nearly 3 percent.  More »

Report: Exporting US oil would be economic boon

A new report says the U.S. would benefit from lifting a nearly four-decade-old ban on exporting domestic crude oil.  More »

Oil drops on expected rise in U.S. supply

Crude for July delivery fell $1.39 to close at $102.72 a barrel.  More »

EPA Proposes new “residual risk” rule for refineries

Cross Posted from Center for Progressive Reform Blog: On May 14, 2014, the EPA proposed new rules to control “residual risk” from hazardous air emissions (such as from benzene) at the nation’s petroleum refineries.     The Clean Air Act requires the EPA to calculate whether or not residual risk to human health exists after […]  More »

Oil eases but remains near $104 a barrel

The U.S. oil price hit a one-month high earlier in the week.  More »

Oil climbs to $104 as U.S. supplies drop sharply

A report from the Energy Department showed a drop of 7.2 million barrels in U.S. crude oil supplies.  More »

AAA: Gas prices flat or down slightly this Memorial Day

An estimated 36.1 million Americans will travel at least 50 miles this holiday weekend, the highest total since the recession, AAA forecasts.  More »