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(Jeff Pachoud/AFP/Getty Images)

Gasoline prices dip sharply with end of summer driving season

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Average retail gas prices in Houston came in at $2.25 a gallon Sunday, down 7.1 cents per gallon in the past week.
(Jeff Pachoud/AFP/Getty Images)

BP restarts part of Indiana oil refinery after repairs

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BP issued a news release Tuesday saying it had safely restarted a large crude distillation unit at its refinery in Whiting, 15 miles southeast of Chicago, that had been shut down since Aug. 8 for unscheduled repair work.
(Photographer: Ty Wright/Bloomberg)

Gasoline prices hit 11-year seasonal low

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Monday’s national average price of gasoline is $2.59 per gallon, which is the lowest average for late August since 2004, AAA stated, despite record-high demand and ongoing refinery problems. The Houston area averaged a lower $2.33 a gallon, according to GasBuddy’s daily survey of 2,559 gas outlets in Houston.
Deepwater Horizon

BP settlement money flows to cities hundreds of miles from Gulf Coast shoreline

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This week, BP finished making approximately $687.4 million in settlement payments to 383 local government entities in the five Gulf states. Nearly $8 million of that money went to 32 government entities that are more than 100 miles from the coast, in places like the Mississippi Delta and suburbs of central Alabama, the records show.
An aerial view of the Ensco 8502 drilling rig in the Gulf of Mexico. (Jennifer Dlouhy/Houston Chronicle)

Low oil prices drive down bidding for Gulf of Mexico drilling rights

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With just five companies participating and only 33 leases sold, the turnout was the lowest western Gulf auction since area-wide leasing began in 1983, according to the Bureau of Ocean Energy Management.
(Photographer: Ty Wright/Bloomberg)

Texas gasoline prices drop as Midwest sees a price spike

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Average retail gasoline prices in Houston fell 3.1 cents per gallon in the past week, averaging $2.38 per gallon on Sunday, according to GasBuddy’s daily survey of 2,559 gas outlets in Houston.
(AP Photo/The Times, Kyle Telechan)

Refiners running full throttle could lead to a heavier fall maintenance season

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As plants operate at record-high capacities to soak up cheap crude and satisfy a growing demand for gasoline, a spate of refinery shutdowns have cropped up across the United States, including a recent shutdown of the BP Whiting plant, the largest refinery in the Midwest.
A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

FERC judge rules against BP in gas manipulation case

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The judge’s decision will be taken up for consideration by FERC’s five-member commission, which will issue a final ruling on the case.
FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Iran targets 45 oil and gas projects in plan to boost production

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Oil producers such as BP Plc and Royal Dutch Shell Plc have expressed interest in developing Iran’s reserves, the world’s fourth-biggest, when sanctions are removed following last month’s nuclear agreement with world powers.
(AP Photo/The Times, Kyle Telechan)

Breakdown at Indiana refinery sends Midwest gas prices soaring

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The refinery can process as much as 270,000 barrels a day of heavy crude sent by pipeline from Alberta, with additional supply shipped up from Cushing, Oklahoma, the U.S. storage hub.