Government, Business, Fuel

California Drivers May See $4 a Gallon at the Gas Pump

california driver pumping gas Sergio Flores/Bloomberg News

California drivers soon may pay $4 a gallon at the pump after refinery upsets pushed up the wholesale market in San Francisco to the strongest level in almost seven years.

Jeffrey Bair | Bloomberg News
September 25, 2019
Business, Fuel

Shell Carbon-Capture Plant Hits 4 Million-Ton Milestone Early

Shell Jasper Juinen/Bloomberg News

A Royal Dutch Shell-operated carbon capture and storage project in Canada has hit a milestone of sequestering 4 million tons of carbon dioxide about six months ahead of schedule and at a lower cost than estimated, helped by better-than-expected reliability.

May 23, 2019
Business, Fuel

Motorists Likely to Pay Less at Pump This Summer

Luke Sharrett/Bloomberg News

American drivers probably will pay less to fill up this summer as oil prices are forecast to be lower than last year.

Stephen Cunningham | Bloomberg News
April 10, 2019
Government, Fuel

2019 Gas Prices Predicted to Be Volatile, but Lower Overall

Gas Luke Sharrett/Bloomberg News

The projected $2.70 a gallon pump price for 2019 is 3 cents lower than 2018 levels, although this year’s high could reach $3 as soon as May and top $4 in some cities, according to GasBuddy’s Price Fuel Outlook. The lower prices have not escaped Trump’s attention, who equated them to a tax cut in a tweet Jan. 1.

Barbara Powell | Bloomberg News
January 2, 2019
Business, Technology, Equipment

Tech Air Acquires Scully Welding Supply, Propane Service Companies

Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership.

December 11, 2018
Government, Business, Fuel, TCA

Get Ready for the Most Expensive Driving Season in Years

Ty Wright/Bloomberg News

Get ready for a little bit more pain at the pump this summer. Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way.

Alex Veiga | AP Business Writer
April 30, 2018
Government, Business, Fuel

Diesel Price Declines 3.6¢ a Gallon

Trucks fuel up at a Pilot Flying J John Sommers II for Transport Topics

The U.S. retail diesel average declined 3.6 cents to $3.027 a gallon, the Department of Energy reported Feb. 20.

February 20, 2018
Business, Fuel

Oil Dips as Recent Rebound Seen Lending to Global Output Rise

Robert Seale/Bloomberg News

Oil dropped as OPEC’s production increased last month, at a time when U.S. drillers are also ramping up.

Jessica Summers | Bloomberg News
October 2, 2017
Business, Fuel

Oil Prices Slide, Diesel Falls 3.5¢ to $2.489 a Gallon

Diesel trucks Daniel Acker/Bloomberg News

The U.S. average retail price of diesel dropped 3.5 cents to $2.489 a gallon, while the stubborn glut of crude caused oil prices to tumble to about $43 a barrel — a range last seen in early August — and into a bear market, experts said.

June 19, 2017

Praxair-Linde Merger Shuffles Market for Industrial-Gas Distribution Fleets

John Sommers II for TT

Operators of private fleets that distribute industrial gases are bracing for more change as consolidation continues to shake up the biggest players in the market.

Daniel P. Bearth | Staff Writer
January 30, 2017