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Keyword: gasoline

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  • Corn for Food, Not Fuel.

    07/31/2012 2:57:54 AM PDT · by carriage_hill · 14 replies
    NY Times (Op-Editorial) ^ | July 30, 2012 | COLIN A. CARTER and HENRY I. MILLER
    IT is not often that a stroke of a pen can quickly undo the ravages of nature, but federal regulators now have an opportunity to do just that. Americans’ food budgets will be hit hard by the ongoing Midwestern drought, the worst since 1956. Food bills will rise and many farmers will go bust. An act of God, right? Well, the drought itself may be, but a human remedy for some of the fallout is at hand — if only the federal authorities would act. By suspending renewable-fuel standards that were unwise from the start, the Environmental Protection Agency could...
  • Making/Storing Gasoline

    07/03/2012 7:43:58 AM PDT · by knarf · 43 replies
    self ^ | July 3, 2012 | knarf
    It's my understanding that the whole oil refining operation is,
  • EPA Fines Oil Refiners for Failing to Use Nonexistent Biofuel

    06/23/2012 5:12:17 AM PDT · by rusty millet · 25 replies
    Hot Air ^ | June 22, 2012 | Howard Portnoy
    Question: Do you fill your car’s tank with gasoline that is part cellulosic ethanol, an environment-friendly distillate of wood chips, corn cobs, and switch grass? Let me answer for you: No, you don’t. You couldn’t if you wanted to. Petroleum products blended with cellulosic ethanol aren’t commercially available, because the technology for mass-producing cellulosic ethanol hasn’t been perfected. None of which has stopped the Environmental Protection Agency from imposing hefty yearly fines on oil refiners. According to the The New York Times, in 2011 automotive fuel producers were assessed $6.8 million in penalties. That amount is expected to climb dramatically...
  • Vehicle crashes into building in Northwest DC; believed to be intentional

    06/09/2012 6:07:28 AM PDT · by csvset · 14 replies
    MyFoxDC ^ | 9 june 2012 | Paul Wagner
    WASHINGTON - A car has crashed into an office building in Northwest D.C. Friday evening. The crash occurred in the 1000 block of Connecticut Avenue near the Farragut North Metro station at around 7:45 p.m. One of the station's entrances is closed. Connecticut Avenue has been shut down near K Street. Law enforcement sources tell FOX 5 that a man in a stolen car intentionally ran the vehicle into the front of the building. Sources also say that they believe a can of gasoline was inside the car. Witnesses say when the man got out of the car and was...
  • Musings: Latest Economic Statistics Are Not Good for Energy Market

    06/05/2012 9:56:56 AM PDT · by thackney
    Parks Paton Hoepfl & Brown| via Rig Zone ^ | June 05, 2012 | G. Allen Brooks|
    Last Friday morning the anxiously awaited U.S. jobs report for the month of May was released to gasps of disbelief by investment professionals and politicians. The assembled economic prognosticators on CNBC's Squawk Box morning stock market show were debating their forecasts calling for anywhere from 125,000 to 165,000 jobs having been created by the American economy last month prior to the government's statistical release. The consensus estimate, as reported by the CNBC anchors was about 150,000-155,000 jobs. One of the CNBC forecasters had reduced her estimate in the prior 24 hours after Thursday's release of the ADP proprietary report of...
  • Gas prices are silver lining as economy weakens

    06/02/2012 2:13:09 PM PDT · by ColdOne · 24 replies
    msnbc.com ^ | 6/2/12 | AP
    There's some good news behind the discouraging headlines on the economy: Gas is getting cheaper. At least two states had stations selling gas for $2.99 on Friday and it could fall below $3 in more areas over the weekend. A plunge in oil prices has knocked more than 30 cents off the price of a gallon of gas in most parts of the U.S. since early April. The national average is now $3.61. Experts predict further decline in the next few weeks.
  • Gridlock eases in many metro areas (hi gas prices and no job)

    05/22/2012 5:55:01 AM PDT · by dennisw · 7 replies
    USA TODAY | usatoday
    people not driving around as much in Obama's Kenyan style economy but not to worry...Soon in California and other states they will have spanking new high speed trains to commute to their non-existent jobs LINK ONLY ALLOWED>>>> http://www.usatoday.com/news/nation/story/2012-05-22/traffic-congestion-down/55120930/1?csp=34news 
  • Gas Should Be More Expensive (Democrat Policy Barf Alert)

    05/20/2012 9:26:10 PM PDT · by tsowellfan · 27 replies
    If we want to reduce fossil fuel consumption, I say, we should raise the price of gasoline to $7 a gallon. Reason: Today this country burns through 21 million barrels of oil per day, 60 percent of which is imported. Only with some shared economic pain will we ever change our habits. High gas prices will force us to think before we drive. It will encourage mass transit use, car pooling, and the sale of more fuel-efficient cars. The auto industry will not suffer because it has learned that it can charge more for cars that are cheaper to build...
  • Report casts doubt on E15 use in cars & trucks {Extra Ethanol in Gasoline}

    05/16/2012 10:42:20 AM PDT · by thackney · 90 replies
    Fuel Fix ^ | May 16, 2012 | Jennifer A. Dlouhy
    Automakers and the oil industry released a report today that casts doubt on the safety of gasoline containing 15 percent ethanol and shows that at least some engines running the fuel suffered damage during recent testing. But ethanol backers and the Obama administration immediately countered that the study was fundamentally flawed, because it used engines with known durability issues” and didn’t include control group testing of the 10 percent ethanol blend that is now the standard at filling stations nationwide. The dispute is the latest round in a long-running fight over the 15 percent ethanol fuel blend known as E15....
  • Former GM Vice Chairman: ‘I Would Raise the Fuel Tax 25 Cents a Gallon per Year’ (Lutz)

    04/18/2012 12:06:19 PM PDT · by jazusamo · 64 replies
    CNSNews ^ | April 17, 2012 | Patrick Burke
    VIDEO at link (CNSNews.com) - Former Vice Chairman of General Motors Bob Lutz said he would raise taxes on gasoline to compel American consumers to buy more electric cars. “If I were emperor of the United States, I would raise the fuel tax in the United States by 25 cents a gallon per year,” said Lutz during a panel discussion on energy independence co-sponsored by the Hudson Institute. “So that people making a purchase decision, ‘Wow it’s 4 dollars this year, $4.25 next year, $4.50 the year after that, you know what? We better buy a compact this time.’” Lutz...
  • Obama Peddles Myths About High Gas Prices

    04/13/2012 7:26:24 AM PDT · by IBD editorial writer · 15 replies
    Investor's Business Daily ^ | 04/12/2012 | IBD Staff
    Energy: To hear President Obama talk about energy, you'd think annual oil price spikes were routine and predictable. But it's another energy myth Obama peddles to avoid responsibility for high gas prices. In February, Obama lamented these "gas price spikes that happen every year." A few days later, he talked about the need to "take control of our energy future" so we could "avoid high gas prices every single year." For Obama, this is a convenient excuse. After all, price spikes can't possibly be his fault, since they happen "year after year." Except it's not true.
  • 2012 Summer Gasoline: The Four-Dollar Question {This Week in Petroleum}

    04/11/2012 12:34:21 PM PDT · by thackney · 2 replies
    Energy Information Administration ^ | April 11, 2012 | Energy Information Administration
    2012 Summer Gasoline: The Four-Dollar Question The question frequently posed by the news media as we head into summer, the peak driving season, is whether or not retail consumers will be paying more than $4 per gallon for regular gasoline when they fill up their tanks. While the national average retail price for regular gasoline still hovers just under that mark at $3.94 per gallon on April 9, in many areas this question has already been answered. Consumers on the West Coast have been paying more than $4 per gallon, on average, since the end of February. Likewise, retail prices...
  • Three Reasons Gas Prices are High

    04/10/2012 6:09:52 AM PDT · by Kaslin · 50 replies
    Townhall.com ^ | April 10, 2012 | Mike Shedloch
    The blatant hypocrisy and arrogance of president Obama, Nancy Pelosi, and Hillary Clinton in the  video below is simple stunning. Caroline Baum on "Obama the Omniscient" Inquiring minds are reading Bloomberg columnist Caroline Baum's article
  • An Obama Supporter explains High Gas Prices and Green Energy (Video entertaining debate)

    04/09/2012 9:37:05 AM PDT · by sickoflibs · 10 replies
    youtube ^ | Apr 8, 2012 | unhappyview54 (+liberals)
    Taxpayer :” I can’t believe these high gas prices. They are over $4 per gallon.“ Obama supporter :” They are?“ Taxpayer :” You haven’t noticed?“ Obama supporter :” Well, yes I have. But I think it will be good for this country to pay higher gas prices. In Europe they pay $10 per gallon. We are used to using too much energy in this country and must be forced to cut back.“ Taxpayer :” Are you nuts? IF you raised gasoline prices to $10 per gallon it would kill our already weak economy. “ Obama supporter :” No. High gas...
  • Fuel Index Has Bad News for Economy

    04/05/2012 8:12:18 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 5, 2012 | Mike Shedlock
    The UCLA Ceridian Pulse of Commerce Index based on real-time truck fuel usage rose slightly in March. The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation rose 0.3 percent in March following the 0.7 percent increase in February and the 1.7 percent decrease in January. The first quarter PCI is below the fourth quarter of last year by 4.9 percent at an annualized rate. Sampling of Graphs From the Report click on any chart for sharper image I would like to see a comparison of the current three months vs....
  • Adding Barges to EIA Study Still Leaves Concerns {NE Refinery shutdowns}

    04/05/2012 7:18:27 AM PDT · by thackney · 4 replies
    Energy Information Administration ^ | April 4, 2012 | Energy Information Administration
    Adding Barges to EIA Study Still Leaves Concerns The U.S. Energy Information Administration's (EIA) recent report exploring the potential impacts of reductions in refinery activity in the Northeast on petroleum product markets in that region pointed out that, if Sunoco's Philadelphia refinery shuts down, waterborne movements from the Gulf Coast could be an important route for alternative supplies to help replace lost volumes in the short term, particularly for ultra-low sulfur diesel (ULSD). Because this route would involve vessel movements between U.S. ports, Jones Act vessels must be used. The Jones Act requires goods or passengers moved in U.S. coastal...
  • Gas numbers game is a loser for Obama (A majority rightfully blame Obama)

    04/05/2012 3:51:31 AM PDT · by tobyhill · 15 replies
    washington times ^ | 4/4/2012 | By Dave Boyer
    President Obama’s poll numbers are up and the country’s unemployment figures are down — but $4 gas poses a potent threat to the incumbent’s re-election bid, polls show. Voters are giving Mr. Obama an emphatic thumbs down for his handling of gas prices — 68 percent disapprove of his response to the problem in the latest Reuters/Ipsos poll. The White House and Mr. Obama’s re-election team are acutely aware of the political danger. The president has given seven speeches in March alone on energy and gas prices in an attempt to convince the public that there is no “silver bullet”...
  • Biden Blames High Gas Prices on Litany of Foreign Factors [11 minutes of talking points...]

    04/03/2012 1:42:01 PM PDT · by Sub-Driver · 1 replies
    Biden Blames High Gas Prices on Litany of Foreign Factors Vice President Joe Biden promised students at a Virginia high school a quick explanation for why U.S. gas prices are high and still rising, but then went on for 11 minutes, delving into the complexities of the oil market and of the changes and tensions in the Middle East. The explanation came when a student at Maury High School in Norfolk, Va., following a speech on college affordability, asked the vice president why gas prices are so high. Biden said that the average price per gallon, which has nearly doubled...
  • Guest Post: Why Is Gasoline Consumption Tanking?

    04/03/2012 7:50:20 AM PDT · by Mechanicos · 98 replies
    Zero Hedge ^ | 02/10/2012 | Tyler Durden
    Retail gasoline deliveries, already well below 1980 levels, have absolutely fallen off a cliff. .... Deliveries in November 2011 were 30.9 MGD, a staggering 47% decline. ..... What other plausible explanation is there for the decline from 42.4 MGD in July 2011 to 30.9 MGD in November 2011 other than a dramatic decline in discretionary driving? That 27% drop in a few months in unprecedented, except in times of war or sharp economic contraction, i.e. recession.
  • EPA moves closer to OK of 15 percent ethanol gasoline

    04/03/2012 5:03:01 AM PDT · by thackney · 49 replies
    Fuel Fix ^ | April 2, 2012 | Associated Press
    The federal government announced Monday it has taken a step toward wide distribution of gasoline mixed with 15 percent ethanol by allowing manufacturers to register as suppliers. While the EPA is moving the process forward by allowing the registration, E15 still must clear another set of federal tests and become a registered fuel in individual states. Ethanol makers then must convince petroleum marketers to sell it at gas stations. Most ethanol fuel sold for passenger cars and pickups today is 10 percent ethanol and 90 percent gas. The new blend that boosts ethanol to 15 percent would only be sold...