Home › Oil Prices

Oil Prices

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
10/15/2012
Posted by Mark Reback
California consumer advocates are piping up about a Texas company's plan to buy a major fuel refinery in Carson, California. San Antonio-based Tesoro is hoping to buy the Carson refinery and hundreds of retail gas stations from British Petroleum. The multibillion-dollar sale would transfer one of the state's largest refineries and Arco gas...
News Story
10/11/2012
Posted by Daniel Palay
But big drops won't come until station owners sell out costly fuel Gasoline prices across California finally started falling Wednesday after setting records for four straight days. But don't break out the bubbly just yet. California's average price for a gallon of regular gas slid half a penny from Tuesday to Wednesday, edging just...
News Story
10/10/2012
Posted by Daniel Palay
Consumer groups gear up to fight the sale of Arco and its Carson refinery to Tesoro, saying it would reduce competition and possibly lead to higher fuel costs. As California gasoline prices set fresh records daily, consumer advocates are gearing up to fight the sale of the low-cost Arco brand and its Carson refinery to a Texas company not known...