Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Proposed oxygenate repeal raises production concerns

WASHINGTON -- A provision in the massive energy bill that cleared Congress last week is likely to shrink the nation's gasoline supplies next spring and could boost prices 8 cents a gallon or more, according to a report in The Wall Street Journal. The provision removes the congressional mandate, in...

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