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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: gas stations

gas stations stories: 8 news summaries

(Newser) - Big oil execs, analysts, and government sources say a century-old American tradition is waning: after years of increasing oil consumption, US guzzling has peaked, they believe. Last year, demand plunged 7.1% for gas, diesel, and jet fuel—the biggest drop since 1950, when dependable records began. And major changes... More »

MORE ABOUT:
oil • biofuel • oil companies • gas stations • oil industry • gas consumption • oil demand

Southeastern Gas Shortage Wreaks Havoc

Lines reach 60 cars after hurricanes
disrupt supplies

Sep 26, 08 9:22 AM CDT
(Newser) - Gas is in short supply throughout the Southeast this week after oil production was hit hard by hurricanes Gustav and Ike, the Washington Post reports. Some didn’t make it to work as gas station lines grew to 60 cars long; half the stations in Atlanta were closed. “I... More »

MORE ABOUT:
energy • Georgia • North Carolina • oil refineries • oil production • gas pipelines • gas stations • gas consumption

 Obama Takes
 Campaign to
 Gas Pumps 

Spot to air at Florida filling stations links McCain to high prices

Aug 6, 08 4:34 PM CDT
(Newser) - Barack Obama's campaign will run an energy-themed ad on TVs on Florida gas pumps starting today, the Palm Beach Post reports. The commercial highlights alternative-energy research and tax cuts as parts of Obama's plan to "break the grip of foreign oil," while presenting John McCain as more of... More »

MORE ABOUT:
Florida • Barack Obama • John McCain • alternative energy • Obama 2008 • gas stations

 High Prices Pound Gas Stations 

Squeezed margins drive many out of business

Jul 7, 08 6:22 PM CDT
(Newser) - Angry at gas stations for profiting on your financial misery? Think again, the Wall Street Journal reports: They're fast going out of business as oil prices rise. This year's 40% price hike has sent costs soaring, shuttering 3,000 US stations and causing Exxon Mobile to announce the sale of... More »

MORE ABOUT:
business • profits • oil price • regulations • gas stations • oil industry

 Exxon to Sell US Gas Stations 

But private distributors will continue to use the company's name, products

Jun 13, 08 4:48 AM CDT
(AP) - Exxon Mobil is getting out of the retail gasoline business, following other major oil companies who've been selling their low-margin stations to gasoline distributors. The world's biggest publicly traded oil company plans to sell to distributors its remaining 820 company-owned stations and another 1,400 outlets operated by dealers. The... More »

MORE ABOUT:
gas prices • crude oil • gas stations • Exxon Mobil • National Association of Convenience Stores • Big Oil

Gas Rising, Station Owners Barrel Toward Bankruptcy

Fuel hits $4.41 a gallon in Los Angeles, and retailers aren't seeing the profit

Jun 10, 08 12:24 PM CDT
(Newser) - Stiff fuel prices are not pouring cash into the pockets of California gas station owners—instead, they're driving them into bankruptcy. Credit card fees, tanker-load costs, and other rapidly increasing expenses are putting the crunch on retailers, reports the Los Angeles Times. More »

MORE ABOUT:
California • gas • Los Angeles • fuel • gas prices • gas stations

As Gas Spikes, Profit Scarce for Station Owners

Oil giants like Exxon hike prices, raise rents, covet every penny

May 25, 08 1:13 PM CDT
(Newser) - Feeling sorry for gas station owners might be more than the average consumer can muster these days, but, reports the Washington Post, the emotion might not be misguided. Oil giants like Exxon cut owners' profit margins and raise rents, while micromanaging details down to which shelf franchisees place soda on.... More »

MORE ABOUT:
Exxon • gas • gas prices • fuel costs • gas stations

Old-School Pumps Can't Register New Gas Prices

Mechanical dials can't register prices over $4

May 12, 08 7:30 PM CDT
(Newser) - With gas at nearly $4 a gallon, thousands of American gas station owners foresee trouble—because their old-time pumps can't price gas at higher than $3.99. "In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these... More »

MORE ABOUT:
gas • fuel • gas prices • gas stations

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