Gasoline Industry

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...

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...

(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...

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...

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...

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...

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...

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....

NEW YORK (AP) — A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. Over...

The chairmen of Congress' primary tax committees, Sen. Max Baucus (D-Mont.) and Rep. Dave Camp (R-Mich.), have launched a bipartisan effort to reform our messy, inefficient federal tax law. They've agreed to look for ways to lower tax rates on both...

California's strict low-carbon fuel standard could help reduce gasoline prices in the state, the opposite of what many have predicted, by encouraging the use of a relatively cheap and relatively clean U.S. crude oil, some experts now say. The standard...

LANSING, Mich. (AP) — A key lawmaker working to raise more money for Michigan roads said he hopes to recommend a package of bills for consideration by early May, a sign that legislators may be getting more serious about a boost in taxes and fees...