Tag: gasoline

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 »

To combat fuel theft, Pemex reduces gasoline and diesel pipeline shipments

Pemex reported 3,600 illegal fuel taps on pipelines last year, a 66 percent increase from the 2,167 a year earlier, costing the company an estimated $792 million.  More »

U.S. gas prices jump 13 cents a gallon; could go higher

Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.  More »

WTI crude oil climbs near to $50 a barrel

West Texas Intermediate futures gained 2.8 percent while Brent increased 3.3 percent.  More »

Gasoline’s new price streak points upward

Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter.  More »

Truckers gaining from diesel’s drop

Diesel’s drop will aid everyone from truckers to industrial users such as Bortz, chief executive officer of Towne Construction Services in Batavia, Ohio, which uses 300,000 gallons of diesel a year.  More »
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