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11/15/2012
Posted by Daniel Palay
The October spike, which mostly affected California, was found to be about 66 cents higher per gallon of gasoline than should have been the case based on historical patterns of oil prices and gasoline inventories.
News Story
11/7/2012
Posted by Mark Reback
If you're wondering what happened to cheap U.S. fuel, look to Mexico, Canada and even OPEC member Venezuela. U.S. refiners are selling diesel and gasoline to those and other countries at historically high levels, making the nation a net exporter of fuel for the first time since 1949, according to the Energy Department. Such enthusiastic...
News Story
10/22/2012
Posted by Mark Reback
For nearly two decades, Santosh Arya has pumped some of the San Diego area's cheapest gas at his three Homeland Petroleum stations. But his streak ended early this month, when wholesale prices started rising sharply, then shot up 40 cents a gallon overnight. To break even, Arya calculated he would have to sell a gallon of regular at $5.10...
News Story
10/6/2012
Posted by Mark Reback
Pump prices soar in California after refinery outages and other problems. Some stations charge more than $5 a gallon, others shut down. Some analysts hope the spike will be short-lived. California drivers are reeling from days of sharp gasoline price increases that left the state within reach of its record high. Economists warn that a prolonged...
News Story
10/6/2012
Posted by Mark Reback
This week's abrupt spike in California gasoline prices could peak within days, analysts said Friday. But before it does, price records could be broken throughout the state. California's average for a gallon of regular jumped 17 cents overnight to hit $4.49 Friday morning, according to the AAA auto club's daily price survey. That...
News Story
8/17/2012
Posted by Mark Reback
Gas prices in California remain significantly higher than they were prior to the Aug. 6 fire at Chevron's Richmond oil refinery - despite the fact that the blaze didn't impact gasoline production in the state as initially feared. In fact, the state's refineries churned out more gasoline last week than they did the week before the...
News Story
8/14/2012
Posted by Mark Reback
Gas prices in California are soaring a week after a fire damaged the Chevron refinery in Richmond, a critical piece of the state's supply chain. Prices at the pump jumped 25.8 cents in the Sacramento area over the past week, to $4 a gallon, according to market tracker GasBuddy.com. In San Francisco, motorists are paying $4.17 a gallon,...
News Story
8/14/2012
Posted by Mark Reback
Gas prices in California are soaring a week after a fire damaged the Chevron refinery in Richmond, a critical piece of the state's supply chain. Prices at the pump jumped 25.8 cents in the Sacramento area over the past week, to $4 a gallon, according to market tracker GasBuddy.com. In San Francisco, motorists are paying $4.17 a gallon,...
News Story
8/14/2012
Posted by Mark Reback
The $2.5-billion deal would boost Tesoro's West Coast presence and give BP cash it needs. It also would leave Tesoro and Chevron controlling more than half of California's gasoline production. Texas oil giant Tesoro Corp. said it will spend $2.5 billion to buy a sprawling refinery in Carson and other assets — including the Arco...
News Story
8/12/2012
Posted by Mark Reback
NEWARK, CA -- Evergreen Oil has spent months trying to improve its relationship with unhappy neighbors after years of foul odors and a large fire last year that drew citations from regulatory agencies. Those efforts may have been undercut by recent accidents, including an oil leak last month, a small fire in March, and a large explosion and fire...