Tag: gasoline

CERAWeek: Refiners remain competitive even if crude export ban lifted

Refiners have benefitted from the crude collapse by buying up cheap oil and transforming it into higher-priced gasoline, diesel and other refined products, an executive with the world’s largest independent refinery said Monday.  More »

Cheap gasoline is helping some states rake in more tax revenue

Low oil prices could help shore up some states’ coffers, since increased driving brought on by cheap fuel will also result in more gas tax revenue.  More »

U.S. households to save $700 this year on gasoline

Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad.  More »

Record gasoline output to curb biggest U.S. oil glut in 85 years

Refiners are enjoying the best margins in two years as they finish seasonal maintenance of their plants before the summer driving season.  More »

AAA: Cheap summer gasoline on the way

The average price for gasoline in March was $2.43 per gallon, the cheapest for the month in six years.  More »

Energy Transfer Partners to dropdown gasoline distributor

The deal will send Sunoco LLC, a gasoline distribution company that operates in 26 states across the East and Midwest United States, from ETP Retail Holdings to Sunoco LP.  More »

Oil markets, strong production lead US gas prices lower

Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.  More »

Gasoline prices falling again on crude plunge

After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.  More »

Europe refiners’ gasoline profit at 10-month high on exports

Gasoline’s crack, or premium to Brent crude, rose to $13.46 a barrel on Tuesday, the highest since April 29, according to PVM Oil Associates Ltd, one of the largest brokers for the fuel, before falling to $13.13 at 1:21pm London time.  More »

Fitch: Prolonged refinery strike could affect gasoline supplies

Though the ongoing United Steelworkers strike hasn’t had much impact on the market for refined products yet, it could if the strike continues for much longer, according to a new report by Fitch Ratings.  More »

Crude inventories at their highest level in decades after another build

Total crude oil inventories now stand at 444.4 million barrels, a modern-era high.  More »

Crude exports in spotlight as House leaders urge slow approach

House Energy and Commerce Committee leaders took pains to stress they will move carefully as they consider whether to loosen the nation’s 40-year-old ban on crude exports.  More »

Lawsuit alleges Exxon denied more claims than paid

Two batches of bad fuel produced at Exxon Mobil in mid-March 2014 caused some Baton Rouge area drivers to experience problems with their intake and valve systems.  More »

Agency to vote on reducing California gas tax by 7.5 cents

The agency’s staff is recommending reducing the excise tax rate from 18 cents to 10.5 cents.  More »

Tesoro OKs two projects at Anacortes plant

Refiner Tesoro Corp. said Tuesday it will spend almost $400 million on two projects at its Anacortes, Washington, refinery.  More »
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