Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Will operate at zero gas, merchandise margin in response to disaster

GREENVILLE, S.C. -- The Spinx Co. Inc. commits to operate at a zero profit margin on all gasoline sales and merchandise sales from Monday, Aug. 29, 2005, through Monday, Sept. 12, 2005. The Spinx Co. is taking this action to help absorb the dramatic increase in wholesale gasoline prices in the wake...

Deal creates largest North American refining company

SAN ANTONIO -- Valero Energy Corp. and Premcor Inc. closed on their merger late last week, making Valero the largest refining company in North America. This acquisition represents yet another well timed and executed transaction that should create tremendous value for our shareholders, said Bill...

Lifting taxes, monitoring prices, states looking out for consumers

OAK BROOK, Ill. -- While Hurricane Katrina and the resulting high gasoline prices are very much a national issue, most of the efforts to keep those prices to a minimum are being made on the state level. From coast to coast, state governments are keeping eyes open for price gouging while also...

NACS reschedules convention; pipeline oil starts to flow again
IEA offers 2 million barrels of crude oil, products/day for 30 days
Oil company wins insurance suit over definition of occurrence
Marketers, retailers await solutions to the gasoline retailing mess
Pumps allowed to display half-gallon prices temporarily
Katrina keeps consumers, refiners guessing about the future
In Indiana, Crystal Flash diverts remaining fuel to honor contracts