Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

CITGO to distribute heating oil at discounted prices

HOUSTON -- CITGO Petroleum Corp. said it plans to begin distributing heating oil at discounted prices next week as part of an initiative aimed at helping poor U.S. communities in areas most affected by cold winters. As reported in CSP Daily News, the initiative makes good on a recent promise by...

Dwelle details exploration of futures market

LAS VEGAS -- For Nella Oil Co., California's historically fickle fuel markets drove this jobber/retailer to explore hedging, a concept frightening to many but a medicinal relief to petroleum's daily pricing headaches. It's something we were forced into as a survival technique, Walt Dwelle, Auburn,...

Senate panel approves special tax on oil company profits

WASHINGTON -- The U.S. Senate Finance Committee voted on Tuesday to impose a $5 billion tax next year on Major Oil, reported the New York Times. The measure amounts to a one-year windfall profits tax, a concept that most Republicans had until recently denounced as a discredited idea from the 1970s...

15 stations, stores pay penalties or restitution
Major alliance would expand both retail and fuel brands
Wis. gov issues subpoenas to Major Oil over profits, home heating, gas prices
Gilbarco Veeder-Root debuts new dispenser series
Dresser Wayne debuts new retailer-friendly dispenser
Oil dips below $57 for first time since July
Bronson collects $14,000 in gas price-gouging fines