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Highlights

A collection of news and information related to Gasoline Industry published by this site and its partners.

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    May 14, 2013 |Story| KTUU

  1. Gas Prices in Anchorage Up 10 Cents Per Gallon

    Gas prices in Anchorage are climbing again.
    Channel 2 News
    Gas prices in Anchorage are climbing again. According to GasBuddy.com, a website that tracks gasoline prices, average retail gas prices in Anchorage have risen 10.0 cents per gallon in the past week. According to the website, gas prices arounds this...

    Tags: Petroleum Industry

    2. Sep 6, 2012 |Story| KTUU

  2. Senate "Field Hearing" Slated for Monday on High Price of Alaska Gasoline

    On Monday September 10th, the Alaska State Senate will hold a field hearing in Fairbanks to try to get at the bottom of a nagging question:
    On Monday September 10th, the Alaska State Senate will hold a field hearing in Fairbanks to try to get at the bottom of a nagging question: Why are gas prices in Alaska so high? For the past few days, the website "GasBuddy.Com" has shown Alaska as...

    Tags: Politics, Upstream Oil and Gas Activities, Petroleum Industry

    3. Aug 31, 2012 |Story| KTUU

  3. Why Are Alaska's Gasoline Prices So High? 2 Senators Disagree Over Cause

    10 days from now, on September 10th, the State Senate will hold a field hearing in Fairbanks to try to get at the bottom of a nagging question:
    10 days from now, on September 10th, the State Senate will hold a field hearing in Fairbanks to try to get at the bottom of a nagging question:     Why are gas prices in Alaska so high?     This evening (Friday) the website "GasBuddy.Com" showed that...

    Tags: Upstream Oil and Gas Activities, Petroleum Industry

    4. Jul 11, 2012 |Story| KTUU

  4. Lawmakers Think Storing Gasoline Would Help Bring Down Prices in Alaska

    State lawmakers are exploring the idea of building a gasoline storage facility in Alaska, as a way to bring down fuel prices.
    Channel 2 News
    State lawmakers are exploring the idea of building a gasoline storage facility in Alaska, as a way to bring down fuel prices. The idea came up during a Senate hearing in Anchorage, Wednesday, during which lawmakers tried to determine why gas prices are...

    Tags: Justice System, Crime, Law and Justice, Petroleum Industry

    5. Apr 23, 2012 |Story| AP Broadcast

  5. ConocoPhillips 1Q Profit Drops 3 Pct

    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.NEW YORK (AP) - ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share, from January to March. That compares with $3.03 billion, or $2.09 per share, in the same part of 2011. Revenue was flat at $58.4 billion.Excluding special items, ConocoPhillips said adjusted earnings were $2.02 per share. Analysts, who typically exclude special items, were expecting earnings of $2.08 per share on revenue of $60 billion, according to FactSet.ConocoPhillips has shed more than $20 billion in assets since 2010 as part of a plan to split into separate companies. One company will keep the ConocoPhillips name and focus on exploration and production. The other company, Phillips 66, will specialize in refineries and pipelines.CEO Jim Mulva will retire following the split on May 1.With fewer producing assets, ConocoPhillips' oil and natural gas production dropped by 3.8 percent to 1.64 million barrels of oil equivalent per day in the first quarter. The company's oil platforms also were temporarily suspended off the coast of China because of an oil spill.The company sold crude oil for higher prices in the quarter, but natural gas prices declined.ConocoPhillips' refineries also sold less gasoline, diesel and other petroleum products in the period. Total refining sales dropped by 11.2 percent. Refining profit fell by 6.2 percent overall. Its midstream business, which includes pipelines, increased profits 27.4 percent, and its chemicals business boosted profits by 13 percent.Shares fell by 81 cents to $72.07 in morning trading.
    Channel 2 News
    ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.The Houston company reported earnings of $2.94 billion, or $2.27 per share,...

    Tags: Natural Resources, Earnings, China, Upstream Oil and Gas Activities, Economy, Business and Finance

    6. May 17, 2013 |Story| Los Angeles Times

  6. Tesoro is cleared to buy BP's Carson refinery, Arco stations

    Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and Chevron Corp.
    Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and...

    Tags: Kamala D. Harris, Global Warming, BP Plc, Mergers, Acquisitions and Takeovers, Upstream Oil and Gas Activities

    7. May 17, 2013 |Story| Allentown Morning Call

  7. May consumer sentiment highest in nearly 6 years

    (Reuters) - U.S. consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling. A gauge of future economic activity released on Friday also...

    Tags: St. Petersburg (Pinellas, Florida), Prices, Finance, Thomson Corporation, Labor Markets

    8. May 17, 2013 |Story| Los Angeles Times

  8. As Memorial Day nears, California gasoline prices rise above $4

    Summer is coming. The long Memorial Day weekend is just two weeks away and, of course, average gasoline prices in California are back up above $4 a gallon.
    Summer is coming. The long Memorial Day weekend is just two weeks away and, of course, average gasoline prices in California are back up above $4 a gallon. On Friday, the average price of a gallon of regular gasoline in California was $4.062, up 7.6...

    Tags: BP Plc, Memorial Day, AAA, Petroleum Industry, Auto Trends

    9. May 8, 2013 |Story| Los Angeles Times

  9. Record exports mean U.S. summer gasoline prices won't be much lower

    Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas.
    Summer gasoline prices will be lower in the U.S. than they were last year. But they won't be much lower, experts say, because U.S. refineries have been exporting record amounts of fuel overseas. That's behind what would normally just be a good news...

    Tags: Fuel-efficient Vehicles, Cadillac, Economy, Business and Finance, Upstream Oil and Gas Activities, George W. Bush

    10. May 2, 2013 |Story| Los Angeles Times

  10. What state has the highest gasoline taxes? California, of course

    California gasoline prices have fallen by 77.4 cents a gallon from the record of $4.671 set in October. But the state's prices remain among the highest in the nation, and today is no exception. California is running fourth behind Hawaii, Alaska and...

    Tags: AAA, Petroleum Industry

    11. May 2, 2013 |Story| Allentown Morning Call

  11. Hoping for $3 gas? Don't count on it

    With gasoline prices just across the border in New Jersey getting tantalizingly close to $3 a gallon, could the Lehigh Valley see summer gas prices with a "2" as their first digit?
    With gasoline prices just across the border in New Jersey getting tantalizingly close to $3 a gallon, could the Lehigh Valley see summer gas prices with a "2" as their first digit? Don't count on it, analysts say. Though one Phillipsburg gas station...

    Tags: Fuel-efficient Vehicles, Downstream Oil and Gas Activities, Allentown, Northampton (Southampton, New York), Road Transportation

    12. Apr 25, 2013 |Story| Los Angeles Times

  12. Ford hoping to tap thirst for fuel efficiency with phone app contest

    Ford Motor Co. will offer a $25,000 first prize for whoever makes the best phone app for fuel efficiency.
    Ford Motor Co. will offer a $25,000 first prize for whoever makes the best phone app for fuel efficiency. The Ford Personalized Efficiency Challenge runs through July 24. Anyone entering has to work through the automaker's OpenXC research platform....

    Tags: Buick, Ford Motor Co., Automotive Equipment, Manufacturing and Engineering, Passenger Cars

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