Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Hurricane Katrina cripples Gulf Coast oil industry

NEW ORLEANS -- Hundreds may have died in Hurricane Katrina's assault on the U.S. Gulf Coast, which flooded New Orleans and other areas. And the economic cost of the hurricane's rampage could be the highest in U.S. history; risk analysts estimated the storm would cost insurers $26 billion, said...

Government said to be considering requests to open reserve; pols call for relief

WASHINGTON -- The U.S. government said it was considering an oil industry request to open up its Strategic Petroleum Reserve (SPR) after Hurricane Katrina battered crude production sites, reported international news service Agence France Presse (AFP). And U.S. Senator Jon Corzine (D-N.J.) and...

Mitchell looks to governor, Blago looks to AG

SPRINGFIELD, Ill. -- State Representative Bill Mitchell (R) has asked Governor Rod Blagojevich to call a special session to repeal Illinois' gasoline tax and provide relief to the state's consumers affected by high gasoline prices, reported the Decatur Tribune. Illinois is one of only eight states...

Blago asks Madigan to investigate possible Katrina-related abuses
Refiners, retailers and consumers await final damage report
Retail gasoline prices jumped 12.62 cents in the past two weeks, to a U.S. average $2.6273 for regular grade, according to the most recent Lundberg Survey.
Other states contemplate gas price caps like Hawaii's.
High gas prices driving regulation speculation, calls for controls
Gov. Bush encourages oil companies to send fuel
Venezuelan president provides few details