Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

State alleges 163 violations

SAINT PAUL, Minn. -- A Minnesota gas station owner has been accused of selling gasoline for less than the state law allows. State investigators say Midwest Oil of Minnesota stations in Albert Lea, Anoka and Oakdale had 163 violations of the state law that requires stations to charge at least 8...

Supreme Court will hear Shell-Texaco pricing case

WASHINGTON -- The U.S. Supreme Court said it would decide the antitrust liability of a joint venture that sets the same selling price for different brand products in a case involving a gasoline price-fixing lawsuit against Shell Oil Co. and Texaco Inc., reported Reuters. The justices agreed to hear...

Chevron OKs rival Unocal-CNOOC talks; won't sweeten offer

EL SEGUNDO, Calif. -- Unocal Corp. said late last week that it received a waiver from Chevron Corp. enabling it to engage in discussions with Chinese state-owned oil company CNOOC Ltd. concerning a rival bid to acquire Unocal proposed by CNOOC at any time until the date of the Unocal stockholder...

Ohio fuel retailers win temporary tax exemption
Smaller class members may participate, U.S. Supreme Court says
Would allow N.M. refineries to operate at maximum rates
Chevron stands by its pending $16.6 billion offer
Industry publication brings home ASBPE, TABPI awards
AAA forecasts busiest holiday weekend ever
Senate considering amendment requiring FTC gas price investigation