gasoline
Jan 25th, 2011
Biofuels
Overview
From the earliest days of internal-combustion engines, technological visionaries dreamed that engines would run on fuel made from plants. Experiments conducted in the 19th century showed that it was possible, and both Henry Ford and Rudolf Diesel supported the notion. Interest has waxed and waned for decades. These days, it is running high once again,...
Nov 8th, 2010
OIL FUTURES: Crude Hits 25-Month High Despite Dollar Strength
SYDNEY (MarketWatch) — Crude-oil futures hit a 25-month high in Asian trading Monday despite the U.S. dollar strengthening against the euro, though it pared those gains after the greenback’s rise became significant.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $86.96 a barrel at 0609 GMT, up 11...
Nov 5th, 2010
OIL FUTURES: Oil Flat After Data Shows US Added Jobs
NEW YORK (Dow Jones)–Oil futures were nearly unchanged Friday after hitting a two-year high overnight, after the Labor Department said the U.S. economy added jobs in October.
Nonfarm payrolls rose by a larger-than-expected 151,000 in October, the first gain since May, the Labor Department said Friday. However, the unemployment rate remained at 9.6%.
Light, sweet crude for...
May 25th, 2010
Despite Brazil’s Attempts, U.S. Ethanol Proves Itself
While Brazil spends millions of dollars to persuade Americans otherwise - the facts show that American ethanol is superior to - and actually cheaper than - Brazilian ethanol. The Renewable Fuels Association reports a gallon of gasoline mixed with 10-percent ethanol from the U.S. would be 11 cents cheaper than a gallon of gas with...
May 11th, 2010
U.S. Agency Lets Oil Industry Write Offshore Drilling Rules
WASHINGTON — The oil industry, not the federal agency that regulates it, plays a crucial role in writing the safety and environmental rules for offshore drilling, a role critics say reflects cozy ties between an industry and its regulators that need to be snapped.
Nearly 100 industry standards set by the American Petroleum Institute are included...
May 10th, 2010
Ethanol Industry: Too Big to De-Subsidize?
The ethanol lobby has been extremely successful over the course of the last decade in growing the industry into one of Washington’s favorite pet projects. A reported 76 percent of each dollar in subsidies to renewable energies is allocated to ethanol, including $5 billion in annual tax credits. Auto companies historically have been supportive of...
May 4th, 2010
Oil Falls Below $86 on Firm Dollar, High U.S. Stockpiles
Oil fell below $86 a barrel on Tuesday, dampened by the stronger dollar and an expected rise in U.S. crude and fuel stocks, after hitting a 19-month high on positive economic news the previous day.
The dollar hovered near 8-½ month highs against the yen and one-year peaks versus the euro, boosted by robust data that...
Apr 15th, 2010
US Retail Sales Surge, Inflation Pressures Muted
Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted.
The Commerce Department said on Wednesday total retail sales jumped 1.6 percent, the largest increase since November as consumers stepped up purchases of vehicles and wide range of goods. January sales...
Mar 23rd, 2010
Ethanol is Not the Fuel of the Future for U.S.
Tennessee Voices
The Tennessee Voices article on ethanol by Jaime Dachelet (”Ethanol provides many benefits,” March 10) reads like a free advertisement for Eco-Energy, a business that markets ethanol.
The writer, their director of public relations, dismisses as “bugaboo” any engine problems related to this form of alcohol distilled from corn.
Yet, as my friend and mechanic of...
Feb 19th, 2010
Oil falls to near $78 on US dollar rally
Oil falls to near $78 in Europe as Fed emergency loans rate hike triggers dollar rally
Pablo Gorondi, Associated Press Writer, On Friday February 19, 2010, 6:56 am EST
Oil prices fell to near $78 a barrel Friday after the U.S. Federal Reserve’s unexpected hike to interest rates for emergency loans to banks boosted the dollar,...
Feb 17th, 2010
Oil Hovers Above $77 Amid Improving US Economy
SINGAPORE - Oil prices hovered above $77 a barrel Wednesday in Asia after surging the previous day amid expectations a growing U.S. economy will fuel increased crude demand.
Benchmark crude for March delivery was up 37 cents at $77.38 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract...
Feb 2nd, 2010
US Gas Consumption Down, Biofuels Replacing Oil
Three years ago, petroleum-based gasoline consumption was the highest the U.S. had ever seen. But thanks in part to biofuels, including biodiesel and ethanol, the amount of gas we use has actually gone down since the peak of 2007.
This article in the Kansas City Star says that while the recession and the increased popularity of...
Dec 16th, 2008
India Cut Down Petrol And Diesel Prices
On the 5th December, Murli Deora, Indian Oil Minister, reported that India’s decision to cut petrol prices by 10% had reduced diesel prices by 6%.
After the price adjustment, gasoline and diesel prices per liter were 5 and 2 rupees down. The current price per liter is 50.6 rupees and 35.86 rupees.
Source: Network International Petroleum
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