Fuels News

The latest news on petroleum, diesel and alternative fuel retailing

Lukoil displacing Mobil in Philly area

PHILADELPHIA -- Red-and-white Lukoil gas stations are replacing Mobil stations in the Philadelphia area, reported the Philadelphia Inquirer. The Russian company has already converted about 80 Mobil stations in the area and is remodeling nine a week at a cost of up to $50,000 apiece, according to...

Also, Kinder Morgan pipeline progress in Ariz. bodes well for supply

LONG BEACH, Calif. -- Pacific Energy Partners LP said that one of its subsidiaries has signed an agreement to acquire certain terminal and pipeline assets from subsidiaries of Valero LP. The total purchase price of the assets is $455 million. The transaction is subject to the receipt of regulatory...

Oil back over $60 as storm hits supply

LONDON -- Oil prices rose back hit $61 a barrel on Wednesday, with a tropical storm in the oil-producing U.S. Gulf of Mexico compounding worries over refiners' ability to bolster pre-winter fuel supplies, reported Reuters. The hurricane threat has certainly raised people's fears of refiners...

Analyst predicts world crisis, possibly war, over petroleum supply
FTC report details factors affecting retail gas prices
A Minnesota lawmaker wants to repeal a state law that she believes is prompting higher retail gasoline prices.
NASCAR Nextel Cup forecast to take prize
Myrtle Beach driveoff measure kicks in; state driveoff law roundup
Reimaging of Diamond Shamrock stores to increase brand presence
Gas with soybean additive said to improve fuel economy