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Keyword: gasoline

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  • The Way This City Is Tackling Gas Prices Has Some People Crying ‘Socialism’

    07/21/2014 7:06:35 PM PDT · by lowbridge · 22 replies
    theblaze.com ^ | july 21, 2014 | zach noble
    The town of Somerset, Kentucky, opened a city-run filling station on Saturday, the Associated Press reported, offering gas to the public at below-market rates. From the Associated Press: The Somerset Fuel Center opened to the public selling regular unleaded gas for $3.36 a gallon, a bit lower than some nearby competitors. In the first three hours, about 75 customers fueled up at the no-frills stations, where there are no snacks, no repairs and only regular unleaded gas. The mayor says the station was created in response to years of grumbling by townspeople about stubbornly high gas prices in Somerset, a city...
  • Democrat Congressman: Tax Drivers for Every Mile They Drive

    07/12/2014 12:35:05 AM PDT · by 2ndDivisionVet · 31 replies
    CNS News ^ | July 11, 2014 | Penny Starr
    While the House and the Senate this week issued measures intended to temporarily replenish the Highway Trust Fund before it runs out of money next month, Rep. Earl Blumenauer (D-Ore.) ended the week by proposing to hike - then abolish - the federal fuel tax and replace it with a per-mile “fee.” “The policy development that I’m most excited about and that will reinforce the right practices for the future: After we raise the gas tax, we should abolish it,” Blumenauer said on Friday at the liberal Center for American Progress in Washington, D.C. “The time is right to replace...
  • Fuel economy improvements show diminishing returns in fuel savings

    07/11/2014 5:23:49 AM PDT · by thackney · 26 replies
    Energy Information Administration ^ | JULY 11, 2014 | Nicholas Chase
    Fuel costs, which depend on vehicle fuel economy, miles driven, and fuel price, are an important factor in vehicle purchasing decisions. However, fuel economy improvement exhibits diminishing returns in fuel savings. For example, switching from a 10-mile-per-gallon (mpg) vehicle to a 15-mpg vehicle saves more fuel and results in greater fuel cost savings than switching from a 25-mpg vehicle to a 75-mpg vehicle. The fuel and cost savings of improving fuel economy from 12 mpg to 15 mpg are the same as increasing from 30 mpg to 60 mpg. Much of the reduction in fuel consumption and fuel cost comes...
  • More Fuel Efficient Cars Causing Highway Trust Fund to Go Broke

    07/07/2014 7:38:43 AM PDT · by Red Badger · 53 replies
    www.weeklystandard.com ^ | 9:24 AM, Jul 7, 2014 | By GEOFFREY NORMAN
    Washington needs more money and if it doesn’t get it, your morning commute will become: a) more expensive b) more unpleasant c) both The problem, you see, is that the Highway Trust Fund is "going broke,” by the Beltway’s curious definition of the phrase. It is sort of the way that after a round of painful “cuts,” spending somehow still goes up. The Highway Trust Fund takes in more than 18 cents on every gallon of gasoline sold in this country, so there is plenty of revenue. Just not enough to meet Washington’s needs and desires. People are driving more...
  • Oil rich, gas poor: Iraq's excruciating gas lines

    07/03/2014 7:59:53 AM PDT · by thackney · 4 replies
    Al Jazeera America ^ | June 30, 2014 | Christof Putzel
    The lines have become a part of daily life in Erbil, a relatively peaceful and prosperous city in the autonomous Kurdish region of Northern Iraq. Over the years, it’s mostly managed to avoid the problems that have plagued the rest of the country. But that's no longer the case. In recent weeks, the war between the Iraqi Army and a Sunni militant group has drawn in Kurdish security forces, sent tens of thousands of refugees fleeing the violence and disrupted the oil supply chain. “The government is afraid to release too much gas, because they don’t know what is going...
  • A perspective on U.S. gasoline prices heading into Fourth of July weekend

    07/03/2014 7:31:03 AM PDT · by thackney · 2 replies
    Energy Information Administration ^ | July 2, 2014 | Energy Information Administration
    On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three years (see graph). Although prices are currently 20 cents per gallon higher than last year at this time, prices this year did not peak as high as in recent years because of relatively stable crude oil prices in 2014. The peak retail gasoline price this year was $3.71/gal on April 29, lower than...
  • Obama Administration Plans To Dramatically Alter Transportation Funding For States

    07/02/2014 9:59:19 PM PDT · by Rusty0604 · 37 replies
    head9 Polotics ^ | 07/02/2014 | head9politics staff
    Starting in August, the Obama administration will dramatically revamp and cut back the formula it uses to send transportation funds to the states unless Congress replenishes the Highway Trust Fund The Department of Transportation (DOT) predicts that the fund, which has traditionally drawn its revenue from the federal gas tax of 18.4 cents per gallon, will be depleted by late August . The agency will use a previously-established formula to calculate the percentage of remaining funds that each state will receive, with new revenues coming in every two weeks as money from the gas tax comes into the fund.
  • Gas Prices Extend Painful Record: July 4 Marks 1,290 Days above $3-a-Gallon

    07/02/2014 11:04:20 AM PDT · by Cheerio · 17 replies
    CNSNews ^ | July 2, 2014 | Julia Seymour
    This Independence Day weekend, drivers won't see any relief from high gas prices. Although prices retreated by a fraction of a cent at the beginning of the week, AAA predicts holiday travelers will pay the most at the pump since 2008. In its monthly gas price report released June 30, AAA said, "With Independence Day only a few days away, today's national average price of gas is $3.68 per gallon. This average is considerably more expensive than recent years for the holiday. The national average on July 4 in previous years was: $3.48 (2013); $3.34 (2012); $3.57 (2011); $2.74 (2010);...
  • A perspective on U.S. gasoline prices heading into Fourth of July weekend (MAP/CHART)

    07/02/2014 8:00:47 AM PDT · by PoloSec · 5 replies
    Today In Energy ^ | July 2 2014 | Tim Hess
    On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three years (see graph). Although prices are currently 20 cents per gallon higher than last year at this time, prices this year did not peak as high as in recent years because of relatively stable crude oil prices in 2014. The peak retail gasoline price this year was $3.71/gal on April 29, lower than...
  • AAA: Iraq Civil War Pushing Up Gas Prices in US

    06/23/2014 5:42:02 AM PDT · by massmike · 15 replies
    WASHINGTON — AAA Mid-Atlantic says the civil war in Iraq is pushing up gasoline prices in the United States. Drivers in the District of Columbia are paying $3.89 per gallon. That’s up 5 cents from a week ago and is far above the national average of $3.68 per gallon. In Maryland, AAA says gas prices are up 4 cents this week to an average of $3.67 per gallon. Prices are highest in the Washington suburbs and western Maryland. In Delaware, AAA says gas prices have risen 7 cents over the past week to about $3.68 per gallon. AAA says national...
  • Don’t Raise the Gas Tax: Sen. Bob Corker's Idea is Bad Policy and Bad Politics

    06/20/2014 6:53:27 AM PDT · by SeekAndFind · 15 replies
    National Review ^ | 06/20/2014 | The Editors
    The federal Highway Trust Fund, historically, is a fund that the government can’t be trusted to spend on federal highways. Unfortunately, Senator Bob Corker (R., Tenn.) is proposing to put more money in it by raising the federal gasoline tax, a proposal he’s concocted with Senator Chris Murphy (D., Conn.). Corker’s idea is bad policy and bad politics. The politics: Gas prices are rising rapidly, taxes on fuel are regressive, and Americans, rightly, really don’t like when you raise any kind of tax at all. There’s no pressing policy reason to increase the tax. The trust fund has plenty of...
  • Senator Murphy (D-CT) proposes increase in federal gas tax

    06/19/2014 9:46:40 AM PDT · by matt04 · 15 replies
    Connecticut residents may soon be seeing more federal tax hikes in the gas and diesel purchased, the first hike in 20 years. Lawmakers in Washington, DC said the federal highway trust fund will be empty in a few months if they don't come up with a plan to refill it. Connecticut Sen. Chris Murphy and Tennessee Sen. Bob Corker proposed raising the federal tax $0.12 over the next two years to replenish the fund, however, taxpayers aren't approving of this. "That's not going to work for me. I'm a single parent, I can't afford that," said Latoya Leery. Connecticut drivers...
  • Senators propose 12-cent gas tax increase (It's Bi-partisan!- RINO's are the worst!

    06/18/2014 6:40:40 PM PDT · by Red in Blue PA · 50 replies
    WASHINGTON (AP) — Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs. The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4 cents-a-gallon federal gas tax and 24.4 cents-a-gallon diesel tax each by 12 cents over the next two years, and then index the taxes to keep pace with inflation. The increase would be applied in two increments of 6 cents each.
  • US Gasoline Tax Increase Urged by Bipartisan Pair of Senators

    06/18/2014 5:08:56 PM PDT · by 2ndDivisionVet · 51 replies
    Two U.S. senators on Wednesday proposed raising federal gasoline and diesel fuel taxes by 12 cents a gallon [3.2 cents a liter] over the next two years to keep a road and bridge fund from going broke. The gasoline tax now stands at 18.4 cents a gallon, and the diesel tax at 24.4 cents a gallon. The politically sensitive levies have not been increased since 1993. The senators' plan faces an uphill fight this year, with congressional elections coming in November. Senators Bob Corker, a Republican, and Chris Murphy, a Democrat, called for the tax increase, with the new revenue...
  • Senators propose 12-cent gas tax increase

    06/18/2014 9:48:43 AM PDT · by Olog-hai · 72 replies
    Associated Press ^ | Jun 18, 2014 12:17 PM EDT | Joan Lowy
    Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress’ struggle to pay for highway and transit programs. The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4-cents-a-gallon federal gas tax and 24.4-cents-a-gallon diesel tax by 12 cents each over the next two years, and then index the taxes to keep pace with inflation. The plan also calls for offsetting the tax increases with other taxes cuts. …
  • How Much Energy Will the 2014 World Cup Consume?

    06/12/2014 6:11:55 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 12/06/2014 | Nick Cunningham
    Along with 3 billion other viewers around the world, I plan to tune in for the month-long World Cup to see whether the 22-year old Neymar can withstand the colossal pressure that has been put upon his shoulders to deliver a win for team Brazil. Every time I turn on my television set, I’m using World Cup-related energy. And that’s just the start. Flying in teams, trainers, equipment, World Cup personnel and the estimated 500,000-plus fans will use enormous volumes of jet fuel. Full article: http://oilprice.com/Energy/Energy-General/How-Much-Energy-Will-the-2014-World-Cup-Consume.html
  • Hosed at the Pump: Where are the Highest Gas Taxes in The Nation?

    06/04/2014 1:37:53 PM PDT · by Kaslin · 26 replies
    Townhall.com ^ | June 4, 2014 | Mike Shedlock
    The Tax Foundation posted the following map of gasoline taxes. The Tax Foundation says "Gas taxes are generally used to fund transportation infrastructure maintenance and new projects. While gas taxes are not a perfect user fee like tolls, they are generally more favorable than other taxes because they at least loosely connect the users of roads with the costs of enjoying them. However, some of our recent analysis shows that many states do not rely on gas taxes and tolls as much as they could, and instead fund substantial amounts of transportation from other sources like income and sales taxes."...
  • U.S. Gasoline Consumption Plummets By Nearly 75%

    05/31/2014 11:02:00 AM PDT · by blam · 55 replies
    Zero hedge - BullionBullsCanada ^ | 5-31-2014 | Jeff Nielsen
    Tyler Durden 05/30/2014Submitted by Jeff Nielsen via BullionBullsCanada blog, Regular readers are familiar with my narratives on the U.S. Greater Depression, and (in particular) some of the government’s own charts which depict this economic meltdown most vividly. The collapse in the “civilian participation rate” (the number of people working in the economy) and the “velocity of money” (the heartbeat of the economy) indicate an economy which is not merely in decline, but rather is being sucked downward in a terminal (and accelerating) death-spiral. However, even that previously published data, and the grim analyses which accompanied it could not prepare me...
  • U.S. Gasoline Consumption Plummets By Nearly 75%

    05/30/2014 5:12:26 PM PDT · by Nachum · 113 replies
    zero hedge ^ | 5/30/14 | Tyler Durden
    Regular readers are familiar with my narratives on the U.S. Greater Depression, and (in particular) some of the government’s own charts which depict this economic meltdown most vividly. The collapse in the “civilian participation rate” (the number of people working in the economy) and the “velocity of money” (the heartbeat of the economy) indicate an economy which is not merely in decline, but rather is being sucked downward in a terminal (and accelerating) death-spiral. However, even that previously published data, and the grim analyses which accompanied it could not prepare me for the horror story contained in data passed along...
  • A good reminder that energy forecasts are often wildly wrong

    05/30/2014 5:25:34 AM PDT · by thackney · 2 replies
    Vox ^ | May 29, 2014 | Brad Plumer
    The White House has a new report touting the recent boom in US fossil-fuel production. This is an old story — though one the Obama administration seems eager to emphasize before it announces sweeping new regulations on coal power plants on June 2. This chart, however, was quite striking. Ever since 2006, oil imports have been far, far lower than actual forecasts: So what happened? Back in 2006, the United States imported nearly 13 million barrels of oil per day. And official forecasters assumed that imports would keep going up indefinitely — that is, they assumed Americans would keep driving...
  • When it comes to the gas tax, Coakley running on empty

    05/23/2014 10:35:13 AM PDT · by luke1825 · 7 replies
    lowell sun ^ | 5/24/2014 | peter lucas
    You can't really blame Attorney General Martha Coakley for not knowing how much the state tax on gasoline is. How could she? She hasn't paid it in years, at least since 2006 when she was elected attorney general. Since then, as the state's chief law officer, she has had a state car and a state driver, usually a state cop, driving her around. Consequently, although you might find the 60-year-old Democrat candidate for governor pumping iron to get in shape, you would never catch her pumping gas. Pumping iron, yes. Pumping gas, no. The state limo arrives with a full...
  • Memorial Day Travel: American Families Pay at the Pump

    05/22/2014 7:18:23 AM PDT · by Kaslin · 14 replies
    Townhall.com ^ | May 22, 2014 | Ken Blackwell
    Summer is officially upon us, and millions of American families will soon be embarking on their annual trips to the beach, the mountains, the lake, grandma’s house, or any other of the fantastic destinations our country has to offer. The beginning of “summer driving season” is also a time when many Americans turn even greater attention to the price of gasoline. After all, traveling several hundred or more miles in a loaded up minivan can rack up an awfully large fuel bill. But what about this year? Everyone knows that domestic oil production has been surging, and that this...
  • EIA expects crude oil prices to decline in 2014, This Week in Petroleum

    05/08/2014 5:35:24 AM PDT · by thackney · 3 replies
    Energy Information Administration ^ | May 7, 2014 | Energy Information Administration
    EIA expects crude oil prices to decline in 2014 In its May Short-Term Energy Outlook (STEO), EIA forecasts that the spot price of North Sea Brent crude oil will fall through the remainder of 2014, declining from current levels of $108 per barrel (bbl) to average $103/bbl during the fourth quarter (Figure 1). For full-year 2014, EIA expects the Brent price to average $106/bbl, down $2 from the 2013 average, but more than $1 higher than last month´s forecast. EIA expects crude prices to decline through the end of the year as demand for OPEC crude falls to offset the...
  • US to build gasoline reserves in Northeast

    05/04/2014 6:12:52 AM PDT · by thackney · 37 replies
    AP via Fuel Fix ^ | May 2, 2014 | Dina Cappiello
    The government is establishing its first emergency reserves of gasoline to address future fuel disruptions in the New York City area and New England like those caused by Superstorm Sandy in 2012, the Energy Department announced Friday. The two reserves totaling 1 million gallons of gasoline will be stored in leased commercial terminals around New York Harbor and Boston, the Energy Department said. The $200 million project will be paid with proceeds from a sale of crude oil from the government’s emergency reserves on the Gulf Coast. Official said they hope to have the new gasoline reserves in place by...
  • Price of Gas in U.S. Rises as Refiners Export More to Other Countries

    04/22/2014 12:36:23 PM PDT · by Theoria · 120 replies
    WSJ ^ | 21 April 2014 | Nicole Friedman
    Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries. A new pipeline, built to release a glut of crude oil that was stuck in the middle of the country, is now feeding oil to refineries on the Gulf Coast that churn out gasoline and diesel. While these fuels still make their way to the Southeast and the East Coast, growing amounts are being sold to Mexico, the Netherlands, Brazil and other countries. The push into these markets has been spurred by the U.S. oil boom....
  • Study Shows Ethanol Produces Worse 'Global Warming' Pollution Than Gasoline

    04/21/2014 4:21:54 AM PDT · by Kaslin · 59 replies
    Townhall.com ^ | April 21, 2014 | Katie Pavlich
    Well, this is going to be a heartbreaker for the hysterical global warming crowd. According to a new study, emissions from burning corn are worse for the environment and produce more CO2 or 'global warming' gases than the burning of traditional gasoline. Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change. A $500,000 study paid for by the federal government and released Sunday in the peer-reviewed journal...
  • Study: Fuels from corn waste not better than gas

    04/20/2014 10:21:49 AM PDT · by NormsRevenge · 20 replies
    Yahoo Finance ^ | 4/20/14 | Dina Cappiello - ap
    <p>WASHINGTON (AP) — Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help combat climate change.</p>
  • Summer average gasoline price expected to be close to last year's level

    04/09/2014 1:21:20 PM PDT · by thackney · 20 replies
    Energy Information Administration ^ | APRIL 9, 2014 | Energy Information Administration
    Drivers are expected to pay an average $3.57 per gallon for regular gasoline this summer, close to last year's level, according to the U.S. Energy Information Administration's April Short-Term Energy and Summer Fuels Outlook. The price for Brent crude oil—which typically accounts for about two-thirds of the retail price of gasoline—is expected to average $105 per barrel this summer driving season (April through September), which is about $2 below its level last summer. However, the benefit of lower crude oil prices is expected to be almost fully offset by higher wholesale margins compared to last summer, although expected wholesale margins...
  • My Vehicle Milage Has Dropped 5%+. How About Yours? (VANITY)

    04/04/2014 4:14:34 AM PDT · by Haiku Guy · 111 replies
    Vanity | 4/4/14 | Self
    The milage in both of my cars had dropped off in the last couple of months. Instead of getting 280 miles per tank, I am now getting 260 miles per tank, or even worse. I keep a close eye on the milage as a general indication of how my cars are running, but I can't see why this has happened. I have no leaks, no lights, no rough running. I Checked the Engine, and it is still there. The plugs look good. I think it might be the fuel blend. If that is the case, a lot of people should...
  • US gasoline prices reach six-month high as ethanol climbs

    04/02/2014 6:58:35 AM PDT · by thackney · 33 replies
    Bloomberg News via Fuel Fix ^ | April 2, 2014 | Barbara Powell
    Link only due to Bloomberg content
  • Study: Gasoline prices will fall if US exports crude

    04/01/2014 5:08:21 AM PDT · by thackney · 44 replies
    Fuel Fix ^ | March 31, 2014 | Jennifer A. Dlouhy
    The oil industry’s leading trade group on Monday cast exports of U.S. crude as an economic win for consumers, fighting against criticism that selling the fossil fuel overseas would mean higher prices at home. The American Petroleum Institute commissioned a study by ICF International and EnSys Energy predicting lower gasoline prices, domestic job growth and other economic benefits if the United States lifts its 39-year-old ban on exporting U.S. crude. “Consumers are among the first to benefit from free trade, and crude oil is no exception,” said API Vice President Kyle Isakower told reporters in a conference call Monday. “Gasoline...
  • More fraudulent science from EPA

    03/31/2014 5:54:41 AM PDT · by rktman · 21 replies
    canada free press ^ | 3/30/2014 | Paul Driessen
    The Obama Environmental Protection Agency recently slashed the maximum allowable sulfur content in gasoline from 30 parts per million to 10 ppm. The agency claims its new “Tier 3” rule will bring $7 billion to $19 billion in annual health benefits by 2030. “These standards are a win for public health, a win for our environment and a win for our pocketbooks,” EPA Administrator Gina McCarthy insists. It’s all hokum. Like almost everything else emanating from EPA these days, the gasoline regulations are a case study in how America’s economy, jobs, living standards, health and welfare are being pummeled by...
  • Gas Tax Hike Touted for Transportation Woes

    03/29/2014 12:53:47 PM PDT · by JeepersFreepers · 19 replies
    WOAI News Radio San Antonio ^ | March 21, 2014 | Jim Forsyth
    The Texas Legislature’s point man [Drew Darby] on transportation funding says Texas motorists need to understand that a higher gas tax would be a more 'open and transparent' way of dealing head on with the state's transportation crisis than the 'congestion tax' that motorists are currently paying every day. "I think we need to revert to pay as your go," State Rep. Drew Darby (R-San Angelo) told the San Antonio Mobility Coalition."Nine times members of the Legislature have raised the gasoline tax to pay for our transportation infrastructure, but that hasn't happened since 1991. Lawmakers over the past several years...
  • Spill didn’t cause pump price spike some had feared {Houston Ship Channel}

    03/26/2014 4:50:33 AM PDT · by thackney · 15 replies
    Fuel Fix ^ | March 25, 2014 | Ryan Holeywell
    Gasoline prices have been largely unchanged in the days since an oil spill temporarily closed the Houston Ship Channel and prompted worries that lower refinery output might reduce fuel supplies and force up the price at the pump. Nationally, unleaded gasoline sold for an average of just over $3.53 per gallon Tuesday, according to AAA, up less than a penny from the day before the spill. Houston-area gasoline sold for $3.38 per gallon, similarly unchanged despite the channel’s temporary closure. Refiners haven’t said much about how their operations were affected by the waterway’s closure, which was lifted partly on Tuesday....
  • Exxon Mobil: Ship channel shutdown hitting refinery output (photos)

    03/25/2014 4:57:23 AM PDT · by thackney · 29 replies
    Fuel Fix ^ | March 24, 2014 | Houston Chronicle
    Exxon Mobil Corp. said Monday that the shutdown of the Houston Ship Channel has affected production at its refinery complex in Baytown, the second-largest of its kind in the U.S. Exxon Mobil spokesman Todd Spitler would not disclose how much of a drop in output the company expects and other oil companies generally would not detail potential problems resulting from the port shutdown. The Houston Ship Channel remains closed indefinitely after nearly 170,000 gallons of heavy oil spilled into the Galveston Bay on Saturday afternoon. Authorities are hopeful that the channel could open to some traffic on Monday, said Patrick...
  • States With the Highest Gas Prices

    03/21/2014 9:00:50 AM PDT · by SeekAndFind · 11 replies
    Wall Street 24X7 ^ | 03/20/2014 | By Alexander E.M. Hess and Vince Calio
    >Gasoline prices have risen steadily in the past six weeks through March 18. There was an uptick in gas prices in 37 of the past 38 days, and gas is now more expensive than at any point in the past six months. In a number of states, the price of gas is now more than $3.75 per gallon, versus $3.52 nationwide, with gas prices in several other states not far behind. In Hawaii, the price of gas is $4.17 per gallon. Here, as in a number of states, the high price of gas reflects the difficulties involved in transporting oil...
  • 'Putin is the dealer, Germany the junkie' (gasoline addiction)

    03/11/2014 3:46:17 PM PDT · by Libloather · 7 replies
    The Local ^ | 3/04/14
    Germany is Russia’s third biggest trading partner and some commentators have argued this is the reason behind Berlin trying to steer a middle course between Moscow and Washington over the Crimea crisis. It takes 24 percent of Russia’s natural gas exports - more than any other European country - and has an 8.7 percent share of Russia’s foreign trade. As of October 2013, investment by German companies in Russia was valued at €16 billion, according to the German Foreign Office. Germany is also Russia’s biggest oil market taking almost 700,000 barrels a day in 2012, figures from the US Energy...
  • For Good Highways, Use Tolls and Ditch the Gasoline Tax

    03/11/2014 8:20:10 AM PDT · by Kaslin · 42 replies
    Townhall.com ^ | March 11, 2014 | Michael Barone
    Last month, Barack Obama traveled to snowy St. Paul, Minn., the same place where in the sunnier days of June 2008 he predicted that his clinching of the Democratic presidential nomination would be remembered as "the moment when the rise of the oceans began to slow and the earth began to heal." This time in St. Paul he addressed a lesser problem, one within the ambit of a president's powers: transportation. He mentioned the most common form of transportation -- auto travel over streets and highways -- only in passing. Instead, he hailed St. Paul's "spiffy new trains," one of...
  • Gas prices may jump from California emissions law

    03/09/2014 5:40:24 PM PDT · by Olog-hai · 23 replies
    Associated Press ^ | Mar 9, 2014 11:40 AM EDT | Jason Dearen and Don Thompson
    California’s greenhouse gas reduction law already has shaken up the state’s industrial sector, costing it more than $1.5 billion in pollution permit fees. It’s now poised to hit the pocketbooks of everyday Californians. Starting next year, the law will force fuel distributors into the same cap-and-trade marketplace as utilities and major manufacturers. The oil industry says it will lead to price increases of at least 12 cents a gallon immediately, while state regulators say any price spikes could vary widely, from barely noticeable to double-digits. …
  • Iranian student burns himself to death with Molotov cocktails he had stockpiled inside his room

    03/07/2014 3:33:23 AM PST · by afraidfortherepublic · 57 replies
    A Georgia Tech graduate student who set himself on fire while apparently experimenting with bomb-making elements in his apartment last month has died, officials confirmed Thursday. Saamer Akhshabi, an Iranian national, had burns on more than 90 percent of his body following the February 4 explosion in his apartment near the university, where Akhshabi was studying in the College of Computing. Law enforcement officials investigating the case found in Akhshabi's apartment an apparent Molotov Cocktail and multiple plastic bottles filled with gasoline and kerosene. Following the explosion, 26-year-old Akhshabi was taken in critical condition to Grady Memorial Hospital in Atlanta,...
  • Petroleum Product Exports Continued to Rise in 2013, This Week in Petroleum

    03/06/2014 5:21:06 AM PST · by thackney · 1 replies
    Energy Information Administration ^ | March 5, 2014 | Energy Information Administration
    Gross exports of petroleum products from the United States reached 4.3 million barrels per day (bbl/d) in December 2013, the first time exports exceeded 4 million bbl/d in a single month (Figure 1). December exports cap a year of steady growth and bring average exports for full-year 2013 to 3.5 million bbl/d, 350,000 bbl/d (11%) higher than in 2012 (Figure 2). The increase in exports was broad-based, affecting multiple products. Average distillate fuel gross exports exceeded 1.1 million bbl/d in 2013, a 110,000-bbl/d increase over the 2012 level. Cost-advantaged domestic crude oil and natural gas feedstock encouraged near-record-high refinery runs,...
  • EPA restricts sulfur in gasoline to help cut auto emissions

    03/04/2014 10:45:26 AM PST · by nascarnation · 20 replies
    LA Times ^ | 3/3/2014 | Neela Banerjee
    The Environmental Protection Agency issued final rules Monday to slash the amount of sulfur in gasoline, which would help cut smog-causing pollution from autos and bring the rest of the country's fuel supply in line with California's standards. The new rule for "Tier 3" gasoline calls for reducing the amount of sulfur in fuel by two-thirds, to 10 parts per million from 30 parts per million. Similar low-sulfur gasoline is already in use in California, Europe, Japan and South Korea. The new gasoline would be available at the pump by January 2017. Cutting sulfur improves the efficiency of catalytic converters...
  • Obama admin drives ahead with new cleaner gas rule

    03/04/2014 5:23:36 AM PST · by TurboZamboni · 4 replies
    Pioneer Press ^ | 3-3-14 | Josh Lederman
    WASHINGTON—The Obama administration is driving ahead with a dramatic reduction in sulfur in gasoline and tailpipe emissions, declaring that cleaner air will save thousands of lives per year at little cost to consumers. Public health groups and automakers cheered the new rules, finalized Monday by the Environmental Protection Agency, with some insisting they could prove to be President Barack Obama's signature environmental accomplishment in his second term. The oil and gas industry, meanwhile, panned the move, calling it gratuitous and accusing the government of grossly underestimating the increased cost at the pump. "The benefits far outweigh the costs," said EPA...
  • EPA finalizes Tier 3 motor fuel, other requirements

    03/03/2014 11:56:29 AM PST · by thackney · 14 replies
    Oil & Gas Journal ^ | 03/03/2014 | Nick Snow
    The US Environmental Protection Agency issued final Tier 3 emissions control requirements for motor fuels and vehicles to meet by Jan. 1, 2017. The regulations address one major concern from refiners by keeping sulfur limits per gallon at existing levels, EPA Administrator Gina McCarthy said. “Frankly, what [the American Petroleum Institute] and others were relying on was an outdated estimate based on what they thought we’d propose, not what we actually proposed let alone what we actually put in the regulation following public hearings and extensive public comments,” McCarthy said during a Mar. 4 teleconference. “The per gallon sulfur cap...
  • GOP Rep: Gas tax hike 'resonates' with lawmakers

    02/11/2014 11:05:41 AM PST · by lowbridge · 62 replies
    thehill.com ^ | february 11, 2014 | keith laing
    Rep. Tom Petri (R-Wis.) said on Tuesday that an increase in the 18.4 cents per gallon federal gas tax "resonates" with a lot of members of the House Transportation Committee.  Petri said while speaking at a "Safe Routes To Everywhere" event at the Capitol on Tuesday morning that lawmakers have heard from truck drivers who are volunteering to pay higher taxes on diesel gasoline to help improve the condition of the roads they drive on.  "When we had our initial hearing, the Trucking Association came down and said 'they're not in the business of raising cost for their members or...
  • Lawmakers stress urgency as feds finish new sulfur rules for gasoline

    02/03/2014 1:46:57 PM PST · by thackney · 20 replies
    Fuel Fix ^ | February 3, 2014 | Jennifer A. Dlouhy
    As the Obama administration prepares to mandate new limits on sulfur pollution from gasoline, congressional Democrats made a last-minute appeal for quick action. The Environmental Protection Agency has said it plans to finalize the new requirements by the end of this month. That would give refiners less than three years to comply if the agency holds firm to its proposed Jan. 1, 2017 deadline. Forcing refiners to slash sulfur emissions from gasoline to an average of 10 parts per million — down from the current 30 ppm threshold — would be akin to taking 33 million cars off the road,...
  • Automakers continue to quietly void warranties if you use E-15 gas

    02/01/2014 7:34:04 AM PST · by SeekAndFind · 84 replies
    Hotair ^ | 02/01/2014 | Jazz Shaw
    It seems to be a growing trend that motorists are shopping around for gas stations which offer ethanol free gas, even if they have to pay a bit more per gallon to get it. Distributors are noticing, and more and more stations are featuring this option. (You can find a list of such stations near you here.) I noticed this myself during a recent trip in New York, and now it’s showing up further south as well. Arthur Wyckoff III has sworn off alcohol — in his gasoline.“I make it a point, before I get real low, to make it...
  • Survey: US gas prices up 8 cents per gallon

    01/12/2014 5:57:00 PM PST · by Olog-hai · 9 replies
    Associated Press ^ | Jan 12, 2014 4:47 PM EST
    Industry analyst Trilby Lundberg says the average U.S. price of gasoline is up 8 cents a gallon over the past three weeks. According to the Lundberg Survey released Sunday, the average for a gallon of regular gas is now $3.35. Midgrade averages $3.54, and premium is $3.68. …
  • Strong U.S. crude oil production growth forecast through 2015 {This Week in Petroleum}

    01/08/2014 12:45:03 PM PST · by thackney · 26 replies
    Energy Information Administration ^ | January 8, 2014 | Energy Information Administration
    Strong U.S. crude oil production growth forecast through 2015 Strong growth in U.S. crude oil production, primarily attributable to growing volumes of light crude oil produced from onshore tight oil formations, has reshaped global oil markets in recent years. EIA expects this growth trend to continue for the next two years, as forecast in this month's Short-Term Energy Outlook (STEO). EIA estimates that U.S. crude oil production averaged 7.5 million barrels per day (bbl/d) in 2013, the highest annual average rate of production since 1989, and a 1.0-million-bbl/d increase from 2012 (Figure 1). In the January STEO, which extends the...
  • Few transportation fuels surpass the energy densities of gasoline and diesel

    01/03/2014 12:25:45 PM PST · by thackney · 35 replies
    Energy Information Administration ^ | JANUARY 3, 2014 | Energy Information Administration
    Energy density and the cost, weight, and size of onboard energy storage are important characteristics of fuels for transportation. Fuels that require large, heavy, or expensive storage can reduce the space available to convey people and freight, weigh down a vehicle (making it operate less efficiently), or make it too costly to operate, even after taking account of cheaper fuels. Compared to gasoline and diesel, other options may have more energy per unit weight, but none have more energy per unit volume. On an equivalent energy basis, motor gasoline (which contains up to 10% ethanol) was estimated to account for...