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ConocoPhillips, NACS Oppose Keystone Pipeline Termination

ALEXANDRIA, Va. and HOUSTON – Industry trade association NACS and ConocoPhillips Inc. both expressed dismay with the Obama Administration’s rejection yesterday of TransCanada Corp.’s Keystone XL oil pipeline. TransCanada proposed building a 1,700-mile oil pipeline that would connect the Canadian Oil Sands with U.S. Gulf Coast refineries. According to those in favor of the project,...
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CA gas prices rose 0.9 cents/gal in past week to $3.69/gal

Average retail gasoline prices in California have risen 0.9 cents per gallon in the past week, averaging $3.69/g yesterday. This compares with the national average that has increased 1.1 cents per gallon in the last week to $3.34/g, according to gasoline price website CaliforniaGasPrices.com. Including the change in gas prices in California during the past week, prices yesterday were 35.5 cents...
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Obama Administration to Kill Keystone Pipeline

The Obama administration is  to reject the Keystone crude oil pipeline. This  decision will please environmental groups at the expense of thousands of American construction jobs. Reuters reported this afternoon. Keystone Pipeline The administration could announce its rejection of TransCanada’s 1,700-mile Keystone XL pipeline later today. State Department...
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GasBuddy releases its 2012 gasoline outlook

After weeks of analysis, GasBuddy has released its yearly gasoline price outlook. The analysis is the result of in-depth analysis run by two of GasBuddy’s own Petroleum Analysts, Patrick DeHaan and Gregg Laskoski. While this is GasBuddy’s first annual official gasoline outlook, it comes after industry leading accuracy of past forecasts, such as two notable forecasts our analysts...
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Dealers Sue to Stop Couche-Tard’s Purchase of 322 Mobil Sites

Cite attempts by refiner to circumvent state, federal law over California deal By Carole Donoghue LOS ANGELES — Scores of dealers have filed suit in California to stop the sale of their Mobil stations to convenience store chain Circle K, CSP Daily News has learned. The retailers accuse Exxon Mobil Corp. of trying to circumvent state law and want the courts to issue temporary restraining...
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