Gas prices are rising because demand is rising in the developing world, which is a more consistent and growing pressure than fluctuating tensions in the Middle East, the Christian Science Monitor reports.
A confluence of factors is fueling the quick rise in gasoline prices, not the least of which is the state of the U.S. refining industry.
The stock market “represents the best house in the financial asset neighborhood,” Omega Advisors CEO Leon Cooperman told CNBC Monday.
Sunoco’s Craft Beer Exchange Program has been a hit with customers since it began as a pilot program in 12 locations in Western New York in July 2011. The company expanded the program last fall across the state of New York and announced Friday it would be bringing the concept to South Carolina.
Barry Rosenstein, founder of Jana Partners, is best known as an activist investor. The hedge fund manager made intriguing moves in the fourth quarter, buying more shares of Apple and making an outsized bet on Marathon Petroleum.
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Shareholders big and small may cheer the flurry of recent spin-offs, but in some cases divestitures can be a sugar high that comes at the expense of long-term earnings.
Concerns about shrinking refining industry capacity put a fire under gasoline futures Friday, after news reports that a major east coast refinery shut down for repairs.
Gasoline prices could be a bit more costly for U.S. consumers this spring, thanks to the bankruptcy of a European refiner, the industry’s latest casualty.
East coast consumers could see the return of $4 gasoline before the rest of the country, as another key refinery serving the region plans to shut down.
“Fast Money” pro Jon “Dr. J” Najarian made 2012 predictions for the energy trade and one surprise — regarding Research In Motion.
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The industry has had a profitable year despite the jump in corn prices , but overcapacity and the end of a generous government subsidy are major concerns.
The return of Libyan oil to world markets may provide some relief at the pump for U.S. consumers, but don't expect a big drop in prices as refining and economic factors are more at play.
Stocks climbed well off their worst levels Tuesday, but still lower for the third-straight day amid fears about the ongoing euro zone debt crisis and concerns over another recession.
ConocoPhillips has shut down its 238,000 barrel-per-day Bayway refinery New Jersey, as a precaution ahead of Hurricane Irene. The company also says its terminals are shutting down until it is safe to resume operations.
Gasoline futures declined Friday but rose nearly 3 percent for the week amid hurricane fears.
Stocks plunged sharply Thursday, with the Dow down more than 500 points, in its worst one-day decline since December 2008. All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report.
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Pennsylvania-based gasoline retailer Sunoco is testing a pilot program called the Craft Beer Exchange. The program installs "beer-filling stations” (taps and Kegerators) at Sunoco APlus convenience stores where they are allowed to sell draft beer in growlers, which are glass jugs, typically 64 ounces in size.