Gasoline Industry

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

2013-05-17 18:30:00

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...

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

2013-05-17 08:45:00

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...

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

2013-05-08 10:19:00

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...

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

2013-05-02 10:40:00

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...

McManus: A tax everyone can love

2013-04-21 00:00:00

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...

A regulation that might actually reduce California gasoline prices

2013-04-18 07:35:00

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...

Consumer prices drop on cheaper gas, electricity and apparel

2013-04-16 07:06:00

WASHINGTON — U.S. consumer prices slid in March after spiking in the prior month as gasoline prices fell back — the latest indication that inflation remains subdued despite the Federal Reserve's continued action to pump billions of dollars...

Experts expect summer gasoline prices as low as $3.84 in California

2013-04-11 10:03:00

Experts are saying American drivers, including Californians, can expect some of the lowest summer gasoline prices they have seen in three years. Some are predicting a steady decline in California gasoline prices to as low as $3.84 a gallon by August....

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

2013-04-25 11:35:00

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....

Gasoline prices: Slide in Californians' fuel costs has slowed

2013-04-04 12:50:00

The drop in gasoline prices in California that began more than a month ago has slowed to a crawl, but there may be good news ahead when one of the state's most important refineries returns to full production as early as this month. When operating at its...

Will new EPA goals raise gasoline prices or clean air, save lives?

2013-03-29 11:48:00

Depends on whom you ask. The Environmental Protection Agency on Friday proposed what it called "sensible standards for cars and gasoline that will significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses" while...

Hugo Chavez's voodoo economics

2013-03-24 00:00:00

Two years before his death, Hugo Chavez tried to repeal the law of supply and demand, which says that free markets set the price: the higher the demand, the higher the price. Every producer who was willing to sell at that equilibrium price would be able...

Gas prices are displayed at a Mobil gas station in Chicago on Jan. 31. Americans have sharply reduced gasoline consumption because of high prices.

2013-01-31 00:00:00

Freddy Lozoga fills an underground tank at a service station in Los Angeles. The average price of regular gasoline jumped 23 cents in Southern California in the past week as refineries trimmed production because of maintenance.

2013-01-31 00:00:00