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More Upside for Retail Gasoline Prices

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail gasoline prices in the U.S. will continue to increase early this week, maintaining the trend seen this month, after wholesale costs jumped more than a dime nationally during the third full week of July. The string of price declines seen during the second quarter reversed

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Gasoline Prices Tumble as Economic Growth Slows

By Brian L. Milne, Refined Fuels Editor for Telvent DTN From the Friday before Memorial Day to June 1, the gasoline futures contract took a 23.61 cents or 8.2% plunge in value, with the contract early Monday (6/4) trading at its lowest point in 2012 at $2.5971 gallon. The precipitous drop came with a host

Shell To Sell Downstream Businesses in Finland, Sweden

Shell has agreed to sell the majority of its refining and marketing businesses in Finland and Sweden to Keele Oy. The terms of the transaction, which are subject to regulatory approvals, include Shell’s retail business, including some 340 service stations in Sweden and some 225 in Finland, as well as its commercial road transport (CRT)

CITGO Celebrates 100-Year Heritage

CITGO Petroleum Corp. is celebrating its 100-year heritage today, Sept. 2. The brand dates back to the Cities Service Co. and continues today as a U.S. petroleum refining and marketing company. With the backing of its shareholder, Petroleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela, CITGO is the third largest independent refiner,

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