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Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
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Pennzoil-Quaker State has been asked for more information by the Federal Trade Commission (FTC) about their acquisition by Royal Dutch/Shell, specifically their activities in base oil and passenger car motor oil, according to a statement released by Pennzoil.
Read More →Gov. Bill Graves is “likely to sign” a bill that would raise the fuel tax in Kansas by 2 cents a gallon, according to the American Trucking Associations.
Read More →BP and BG Group announced May 16 that they have agreed the exchange of a package of UKCS assets, including interests in several producing fields and development prospects.
Read More →With crude oil prices at near 6-month highs and a strengthening economy, gasoline prices in the U.S. have risen more than 25 percent in the past 3 months. In response, GasBuddy Organization Inc. has developed a collection of gas price information Web sites that claim to help motorists save money on gasoline by locating the lowest gas prices in their local area.
Read More →According to the WEX Index of fuel prices across the country, California once again leads with the highest pump prices in the nation. All the cities in the top 10 highest-priced locations in the Index were above the national average of $1.41 per gallon, but San Francisco and Los Angeles exceeded the average by 20 cents or more per gallon.
Read More →BP on May 14, 2002 unveiled its new concept in convenience retailing — BP Connect. Located at corner of Roosevelt and Wabash in downtown Chicago, the new BP Connect store represents the state-of-the-art in fueling and convenience shopping. It also marks the start of a $25 million investment BP is making in new retail sites in Chicago.
Read More →The California Senate has passed the nation's first bill to limit carbon dioxide emissions from vehicle exhaust - a bow to fears of global warming, and a move automakers say might force them to sell more fuel-efficient vehicles, according to an Associated Press story by Jim Wasserman.
Read More →Some Utah lawmakers are considering raising the state’s fuel tax next year. According to published reports, legislators say a 5- to 10-cent increase may be considered during the 2003 legislative session to pay for transportation projects. The current tax is 24.5 cents per gallon for both gasoline and diesel (not including the federal excise tax).
Read More →Chief Economist John Felmy of the American Petroleum Institute (API) told the U.S. Federal Trade Commission today that gasoline prices have held steady for four weeks. They had been rising since mid-December after crude oil prices began moving sharply higher.
Read More →The American Petroleum Institute (API) issued a statement regarding the report by the majority staff of the Senate Permanent Subcommittee on Investigations.
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