Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

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

COLUMBUS, Ohio -- Grocers and companies that sell gasoline both fought for an exemption from the state's new business tax on sales, arguing they would suffer because of thin profit margins. Gasoline won by reasoning the tax could be paid multiple times from the refinery to the pump, reported the...

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
Offering Nucleus to Chevron, Texaco-branded retailers
States trying to stem driveoff plague
Industry publication brings home ASBPE, TABPI awards
AAA forecasts busiest holiday weekend ever