Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Another Day, Another Dollar Margins suffering as oil hits new highs

NEW ORLEANS --Crude oil rose to a record $65 a barrel on Wednesday before settling at $64.90 as refinery shutdowns and rising demand drained fuel inventories for the sixth straight week, according to a report from Bloomberg News. Gasoline and heating-oil futures also touched all-time highs...

Oil giant counts on continued high prices

SAN RAMON, Calif. -- With itsplanned purchase of Unocal Corp. approved by stockholders yesterday for $18.1 billion, Chevron Corp. has landed the biggest oil acquisition in years and snatched a prize away from a government-controlled Chinese company. But behind this victory lies a giant bet on the...

California already crossing over as gas hits $64 a barrel

LOS ANGELES -- That all-too-familiar fear is back: Already high gas prices could soon skyrocket even higher. As crude oil prices spiked at nearly $64 a barrel Monday and ultimately settled at an all-time high of $63.94, industry experts and consumers were left wondering what's in store at the pump...

Suppliers, not stations, mostly responsible for hurricane increases
Two dozen 76 stations left without premium gasoline
Proposed oxygenate repeal raises production concerns
Gasland site first in state to offer alternative fuel
It's probably over, says advisor.
Saudi king's death, BP refinery fire a double whammy.
Congress finally passes first major energy legislation in more than decade