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News•May 23, 2002

BP and BG Agree North Sea Asset Exchange

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.

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News•May 23, 2002

Web Site Provides Gas Price Information

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.

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News•May 16, 2002

California Tops Gasoline Prices Again

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.

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News•May 16, 2002

BP Unveils Chicago's Gas Station of the Future

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.

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News•May 16, 2002

California Senate's Bill to Cut Tailpipe Exhaust Could Force Higher Fuel Efficiency Standards

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.

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News•May 16, 2002

Utah Considering to Raise Fuel Taxes

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).

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News•May 8, 2002

Gasoline Prices Hold Steady for Four Weeks

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.

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News•May 8, 2002

API Issues a Statement on the Levin Committee Report

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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News•May 8, 2002

Hawaii Debates Gas Stations as Public Utilities

On Thursday, May 2, the Hawaii Legislature passed the Energy Resources, Gasoline Pricing, and Petroleum Industry Reporting Act, SB 2179, a bill that will set margins for wholesalers and retailers, making gasoline a regulated utility in Hawaii.

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News•May 8, 2002

Presidential Alt-Fuel Pickup On Display

At the Eighth National Clean Cities Conference & Expo to be held in Oklahoma City on May 13th through May 15th 2002, the propane-fueled Ford F-250 pickup used by President George W. Bush on his Crawford, TX ranch will be on display.

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