Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Senate considering amendment requiring FTC gas price investigation

WASHINGTON -- The U.S. Senate could approve an amendment to the energy bill that would require a formal investigation by the Federal Trade Commission (FTC) into whether gasoline prices are being artificially manipulated and if drivers are being gouged. Passage of the amendment authored by Senators...

Raymond, Pickens mull price possibilities

LONDON -- World oil prices dipped after setting a new record on Tuesday, reported Reuters, but potential supply disruptions and fears of a winter fuel crunch kept markets within sight of $60 a barrel. U.S. light crude for July delivery settled down 47 cents at $58.90 a barrel, after setting a...

Station owners seeking defense mechanism to guard against the market's razor scratches

AUBURN, Calif. -- As an antidote to fluctuating energy prices and squeezed profit margins, Walt Dwelle and some other independent gas station owners are trying their luck in the world of commodities futures, according to a Wall Street Journal report. They hope to find trading strategies that will...

New GAO report details factors affecting retail fuel costs
Long-term agreement extends four-year supplier relationship
Senate approves ethanol provision
OPEC says new deal won't cut oil prices.
La. Senate votes to let stations sell at cost; bill that sidelines Odom awaits Blanco's pen.
New MN law drives up punishment for gas thieves
S.D. delegation backs ethanol fuel credit