Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Ohio fuel retailers win temporary tax exemption

COLUMBUS, Ohio -- Grocers and companies that sell gasoline both fought for an exemption from the state's new business tax on sales, arguing they would suffer because of thin profit margins. Gasoline won by reasoning the tax could be paid multiple times from the refinery to the pump, reported the...

Would allow N.M. refineries to operate at maximum rates

SCOTTSDALE, Ariz. -- Giant Industries Inc. said it has entered into a purchase and sale agreement to acquire an idle crude oil pipeline system that originates near Jal, N.M., and is connected to a company-owned pipeline network that directly supplies crude oil to the Bloomfield and Ciniza, N.M.,...

Chevron stands by its pending $16.6 billion offer

EL SEGUNDO, Calif. -- A week and a half after the Federal Trade Commission (FTC) cleared the way for Chevron Corp. to purchase Unocal Corp., Chevron is standing behind the merger agreement in response to a counteroffer made by a third party. State-owned China National Offshore Oil Co. (CNOOC) made...

Smaller class members may participate, U.S. Supreme Court says
Offering Nucleus to Chevron, Texaco-branded retailers
States trying to stem driveoff plague
Industry publication brings home ASBPE, TABPI awards
AAA forecasts busiest holiday weekend ever
Senate considering amendment requiring FTC gas price investigation
Raymond, Pickens mull price possibilities