Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Majors curb pump prices to squeeze competitors

NEW YORK -- Major oil companies and refiners, under attack for their soaring profits, are restraining prices at the pump, according to a Wall Street Journal report. The result, said the report, is that gasoline can be cheaper at branded stations operated by companies such as ExxonMobil or Valero...

Texaco-Shell case to be heard by Supreme Court

WASHINGTON -- The Supreme Court convened for a new session Monday with a number of cases on its docket that could have a huge impact on the business world, said CNN/Money. In one antitrust case that affects the petroleum industry, Texaco & Shell Oil v. Dagher, the Federal Trade Commission (FTC...

Station allegedly raised price of unleaded 72 cents/gal.

TALLAHASSEE, Fla. -- Florida Attorney General Charlie Crist yesterday filed the state's second lawsuit over price gouging from Hurricane Katrina, accusing a Tallahassee gas station of "unconscionably" raising its gasoline prices 72 cents per gallon during the state of emergency. Crist's complaint...

Political posturing or petroleum profits?
Need watchdog to discipline retailers, study says
Counterintuitive study defends Minn. minimum-pricing law
Couriers to act as self-appointed gouging "watchdogs".
Daily limit sought on gas price hikes
Mo. AG cites 10 stations
Major sells off half of it Denver stores; other half to go soon