Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Gasoline prices may be changing driving habits

SACRAMENTO, Calif. -- Even though California grew by an estimated 539,000 new residents in 2004, its gasoline consumption did not increaseand may have even declined slightly. "Until now, we've had only anecdotal evidence that high gas prices are influencing the behavior of California drivers," said...

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
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.