(Bloomberg) — Refiner PBF Energy Inc. has rejected a request from California energy regulators to testify at a hearing next week on gasoline price spikes, citing Governor Gavin Newsom’s “politicization of this issue” and failure to heed a year of warnings about the state’s fuel supply. Most Read from Bloomberg In a letter to Newsom, … Read more
kckate16 PBF Energy (NYSE:PBF) rejected a request from the California Energy Commission to testify at a hearing next week on gasoline price spikes, citing Governor Gavin Newsom’s “politicization of this issue” and failure to listen to warnings about the state’s declining gasoline production, Bloomberg reported Wednesday. “Refining is an extremely capital-intensive business,” and “California’s regulatory … Read more
Jay Leno is on the mend after a harrowing gasoline accident left him with “serious burns” on his face. The former Tonight Show host, who was burned in a garage fire that broke out in November 2022, “got some serious burns from a gasoline fire,” Leno told Variety one day after the incident. “I am … Read more
The cost of diesel fuel hit a record premium over the cost of gasoline as refinery outages and Russia’s war on Ukraine limit supply and drive up prices ahead of winter. The national average for diesel fuel was $5.34 on Thursday, about $1.61 above the price of gasoline, according to Oil Price Information Service (OPIS). … Read more
narkorn/iStock via Getty Images Prices for diesel fuel have soared by ~50% this year to $5.35/gallon, a record premium over gasoline and crude oil, in another example of how disruptions to globalized energy markets are producing price shocks and potential shortages. The spread between diesel and gasoline has widened to an all-time high of $1.61/gallon … Read more
Jay Leno is hospitalized with severe burns following a gasoline fire that erupted in his Los Angeles garage. “I got some serious burns from a gasoline fire. I am ok. Just need a week or two to get back on my feet,” Leno said in a statement provided to Deadline. TMZ reported Leno was in … Read more
kckate16 California gasoline futures fell in the Los Angeles wholesale market on Friday as fears of production disruptions at Chevron’s (NYSE:CVX) El Segundo refinery went unrealized, Reuters reported, citing West Coast market traders. CARBOB gasoline for November delivery sold at an $0.80/gal premium on December Nymex RBOB gasoline (NYSEARCA:UGA), down $0.25 from Thursday’s price, and … Read more
kckate16 Gasoline prices for U.S. drivers have been edging higher again after dropping for ~100 days, and this week’s decision by OPEC+ to cut oil production by 2M bbl/day will further elevate prices. Maintenance at major oil refineries, more demand for gasoline and tight fuel supplies already were contributing to rising gasoline prices to a … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content China’s August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the sign up button … Read more
The new Mustang will be offered with a big 5.0-liter V8 engine or a 2.3-liter turbocharged four-cylinder engine just as in today’s Mustang. These engines have been improved for the 2024 model year Mustang, though, to produce more power and, in the case of the four-cylinder engine, to burn less fuel. Ford (F) has not … Read more