Fuel Fix

(AP Photo/Lynne Sladky)

Chevron says first-quarter profit will beat fourth-quarter

The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets.  More »
Rig workers, like Robert Cornett (right) pause while mopping the decks on the Hercules 251. (Smiley N. Pool/Houston Chronicle)

Lawmaker presses for payment of drilling ban damage claims

Rep. Jeff Landry, R-La., is asking an oil spill plaintiffs’ group to recommend payments to oilfield service companies and workers who lost business and wages because of a five-month deep-water drilling ban.  More »
Image from Crossroads GPS television advertisement linking President Barack Obama's energy policies with high gasoline prices.

Arm of GOP super PAC hits Obama on rising gas prices

A new advertising campaign by Crossroads GPS blames rising gasoline prices on President Barack Obama.  More »
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Gas nozzle at a Valero pumping station (AP Photo/Rich Pedroncelli, file)

Drivers to pay 6 pct more for gas this summer

U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government says.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

Court-mandated claim facility pays out $134 million in BP spill claims

Gulf Coast victims of the Deepwater Horizon accident have been paid $134 million through the transition process that replaced the Gulf Coast Claims Facility, BP announced on Tuesday morning in a written statement.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Gulf could see busiest year since BP spill

Oil drillers are expected to be busier this year in the Gulf of Mexico than at any point since the Macondo well spill that prompted the federal government to place a moratorium on offshore drilling, according to Reuters.  More »
Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011.  The price of oil is flirting with $100 per barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and trigger another recession. (AP Photo/Paul Sakuma)

Signs of gas drop seen thwarting case against Obama

Signs that gasoline prices may have peaked signal relief to both American drivers and President Barack Obama, who Republicans have tried to tie to a climb in the costs.  More »
(Photo: BFS Man)

ERCOT doesn’t foresee rolling summer power outages

The state’s electric grid operator is predicting that Texas will make it through the summer without rolling outages after the system was pushed to the brink last year.  More »
wind turbines on the water near England

Natural gas, renewables big factor in presidential pick, poll finds

A solid majority of Americans are more likely to vote for a presidential candidate who supports developing more natural gas, boosting federal support for renewable-energy use and research, and approving construction of the Keystone XL pipeline, a new poll found.  More »
Marathon gas station sign (AP Photo/Gene J. Puskar)

Marathon selling Alaska assets

Marathon Oil Corp. plans to sell most of its Alaska assets to Hilcorp Alaska LLC as part of a corporate strategy to focus on oil shale production.  More »
(Jennifer A. Dlouhy/The Houston Chronicle)

Coal exports surge to highest level since 1991

Government data show U.S. coal exports reached their highest level in two decades last year as strong overseas demand offered an outlet for a fuel that’s falling from favor at home.  More »
A woman fills up her SUV at a California gas station. (Photo: FREDERIC J. BROWN/AFP/Getty Images)

Gasoline analysts say peak might be soon

Analysts say the rising national gasoline prices might be over, likely meaning lower prices for drivers in the coming months, according to a Los Angeles Times story.  More »