Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

IEA offers 2 million barrels of crude oil, products/day for 30 days

PARIS -- A group of 26 countries, including the United States, on Friday agreed to release oil, gasoline or other petroleum products from their emergency reserves in an attempt to bring down soaring prices and avert domestic shortages, said the Washington Post. The decision by the members of the...

Oil company wins insurance suit over definition of occurrence

PHILADELPHIA -- Sunoco Inc. has won a victory in the court battle over insurance coverage for scores of pending lawsuits over alleged groundwater contamination caused by methyl tertiary butyl ether (MTBE), according to The Legal Intelligencer. In his 21-page opinion in Sunoco Inc. v. Illinois...

Marketers, retailers await solutions to the gasoline retailing mess

OAK BROOK, Ill. -- Dan Gilligan, president of the Petroleum Marketers Association of America (PMAA), eloquently portrays the gasoline-supply problems the industry has faced this week thusly: The petroleum industry essentially is going through a heart attack. Daniel Blackburn, president of the...

Pumps allowed to display half-gallon prices temporarily
Katrina keeps consumers, refiners guessing about the future
In Indiana, Crystal Flash diverts remaining fuel to honor contracts
Rolls out Select 3/G7200 Series Electronic Fleet Dispenser
Plan would bypass retailers; CITGO studying concept
Company had been ordered to stop selling below cost
Hurricane Katrina cripples Gulf Coast oil industry