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The U.S. Chemical Safety Board report called the incident a “serious near miss” and accused Irving-based Exxon Mobil of not properly following its safety procedures at the Torrance refinery near Los Angeles.
The explosion could have been much worse, said Chairwoman Vanessa Allen Sutherland.
Fuel prices are continuing to sink with the price of oil, but also because of the lower demand for gasoline during the winter months when fewer people embark on road trips.
The national oil company of Mexico, Pemex, authorized the project with ICA Fluor, which is Fluor’s joint venture with Mexico City-based Emprasas ICA energy construction company. Fluor’s share is for $500 million.
The kingdom owns, either directly or through joint-ventures, plants capable of processing 5.3 million barrels a day.
But GasBuddy also warned that some states are considering implementing fuel tax hikes this year.
The head of the oil industry’s top lobbying group says the U.S. is an emerging global energy powerhouse, and can can grow even stronger if the federal government imposes fewer regulations.
AAA estimates the average price of gasoline nationwide for 2016 may end up cheaper than 2015’s average of $2.40 per gallon of regular unleaded gasoline.
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
The Houston average for regular unleaded ticked down to $1.73 this week — the lowest since early 2009 — while the statewide average is just slightly higher at $1.76 a gallon.