Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Gasland site first in state to offer alternative fuel

SHELBY, N.C. -- A Gasland USA convenience store in Shelby, N.C., last week became the first gas station in North Carolina to offer E-85 and E-10 ethanol products to consumers. On Friday, July 29, officials from the station owner, Ray Thomas Petroleum Co., joined the Cleveland County Chamber and...

It's probably over, says advisor

BEIJING China National Offshore Oil Corp. Ltd. is poised to decide this week on whether to abandon its bid for U.S. oil producer Unocal Corp., and appears likely to do so, say several people close to the Chinese company, according to a report in The Wall Street Journal. While these people won't...

Saudi king's death, BP refinery fire a double whammy

TEXAS CITY, Texas -- Crude oil rose to a three-week high after the death of Saudi Arabia's King Fahd, ruler of the world's largest oil exporter. Prices were also bolstered following the closure of a BP Plc refinery unit in Texas, according to a Bloomberg report. The Saudi throne, held by Fahd for...

Congress finally passes first major energy legislation in more than decade
House approves imperfect energy bill
FTC could block deal; company plans to challenge decision
Hastert proposes tax credit for installation of equipment to sell E-85
Family exiting industry, selling off remaining five units
Chain to focus on Fort Wayne market
Also, Chevron launches motor oil upgrade promo