Sunoco Being Sold; Delta Buying East Coast Oil Refinery
Two big deals affecting the refinery of crude oil in the Northeast were announced this week: Delta Air Lines will buy a Philadelphia area refinery and Sunoco Inc. is being sold for $5.3 billion.
May 1, 2012Diesel Falls Again, Slipping 1.2¢ to $4.073; Gasoline Drops 4¢ to $3.83
Diesel fell for the third straight week, dipping 1.2 cents to $4.073 a gallon, and gasoline fell for a fourth week, the Department of Energy reported.
May 1, 2012Oil Trades Near Four-Week High $105 a Barrel
Oil traded near a four-week high just below $105 a barrel early Monday, on signs of economic recovery in Asia, Bloomberg reported.
April 30, 2012Several Major Truck Stops Install DEF Pumps on Fuel Islands, Chain Executives Say
Executives at three major truck stop chains said that they are installing diesel exhaust fluid pumps on fuel islands at all or most of their locations, which drop costs significantly for truckers, despite the current slow demand.
April 30, 2012Diesel Falls 4.2¢ to $4.085, Slips Below Year-Ago Level
Retail diesel prices dropped by 4.2 cents a gallon to $4.085 last week — the second straight decline — after hitting the high point for this year, the Department of Energy reported.
April 30, 2012Diesel Falls Again, Declining 4.2¢, to $4.085; Gasoline Falls 5.2¢ to $3.87 a Gallon
Diesel fell for the third time in four weeks, doubling last week’s decline to a 4.2-cent drop to $4.085 a gallon, the Department of Energy said Monday.
April 24, 2012Gasoline Falls for First Time This Year, Lundberg Survey Says
Gasoline’s pump price fell for the first time this year, dropping more than a nickel to $3.91 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
April 23, 2012Diesel Price Falls by 2.1¢ to $4.127, While Gasoline Drops 1.7¢ to $3.922
Retail diesel prices fell 2.1 cents a gallon to $4.127 last week, the U.S. Department of Energy reported, continuing a recent pattern of modest cost fluctuation after sharp increases earlier in the year.
April 23, 2012More Companies Reach Hot Fuel Settlements
Three more companies have agreed to settle lawsuits related to “hot fuel” — gasoline and diesel that is not adjusted by volume to account for temperature — the Kansas City Star reported.
April 20, 2012Obama Calls on Congress for More Regulation of Oil Markets
President Obama urged Congress to bolster federal supervision of oil markets, including bigger penalties for market manipulation and more power for regulators, Bloomberg reported.
April 18, 2012