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Motor Fuels

Government Predicts 2009 Gasoline Prices to Average About $2

Houston Chronicle
December 10, 2008 - U.S. gasoline prices are likely to average about $2 a gallon next year as the fragile economy continues to dampen demand for fuel, government forecasters predict. ...
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Oil Surpasses $43 As Investors Await OPEC Cut

Associated Press
December 10, 2008 - Oil prices rose above $43 a barrel Wednesday in Asia as the market looked to an expected OPEC production cut next week to help stabilize prices that have plummeted amid slowing global economic growth. ...
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Pennsylvania's United Refining Posts Losses

Erie Times-News
December 09, 2008 - United Refining, the company that owns the region's Country Fair and Kwik Fill stations and supplies much of the gasoline in northwestern Pennsylvania, reported a net loss of almost $50 million in its fiscal year that ended Aug. 31. ...
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Nippon Oil, Nippon Mining to Merge

United Press International
December 08, 2008 - Japan's Nippon Oil Corp. and Nippon Mining Holdings Inc. announced plans Thursday to merge next year, creating the world's eighth largest oil company....
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Oil Bounces Off 4-Year Lows to Above $43 a Barrel

Associated Press
December 08, 2008 - Oil prices bounced off four-year lows to above $43 a barrel Monday in Asia after OPEC's president suggested the group could surprise investors with a large production cut later this month. ...
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