The OilSpot News by DTN
Monday, March 8, 2010 VOLUME 8 ISSUE 393  



Vitol’s Port Canaveral Terminal to Open Early this Month
California’s Gasoline Consumption Rate for November Slides
S&P’s Commodity Index Rose 5.6% in February on Crude Gains
Bank Analyst sees Soft Demand Hurting Refining Economics
Spinx Acquires 10 S.C. Gas Stations, C-Stores from Enmark
19 Energy Majors Posted 4Q09 Net Income of $13.7 Billion


US Retail Gasoline Up 4.7cts to $2.702 Gal 5-Week High
On-Highway US Diesel Fuel Average Up 2.9cts to $2.861 Gal
Home Heating Oil Average Dips 0.4cts to $2.899 Gal
Propane Stockpiles Drawn Down 600,000 Bbl Week-ended Feb. 26


Iowa Push to Mandate Ethanol, Biodiesel not Dead Yet
European Biofuels Group Urges EU to Reject ILUC Concept
Frontier’s Paul Eisman Joins Alon USA Energy as President
CFTC’s Gensler Seeks Support from Congress on Market Reforms
Cellulosic Ethanol Maker Gets $80 Million in USDA Loan Guarantee
Parts of Cincinnati-Hamilton Area Now Meet EPA Smog Standards
RFA Urges Congress to Fund Ethanol Blending Research


Economic Indicators


Weekly Rack Postings

Hybrid, Diesel Vehicle Sales Rising
Alternative Vehicle Market Share Growing on Fuel Economy

The market share for alternative vehicles is growing steadily as consumers become better aware of the fuel economy they provide, according to the Energy Information Administration’s “This Week in Petroleum” report, released last week.

In 2008, alternative light-duty vehicles accounted for about 13 percent of new light-duty vehicle sales, with flex-fuel vehicles representing about 80 percent of total alternative vehicle sales, the report states.


[FULL STORY]
 

Going Global with PetroHub
Telvent to Provide Global Petroleum Real-Time Trading Platform

--Global Petroleum implements a branded version of DTN Exchange to allow its customers to buy and sell fuel through its website.

Telvent, the IT company for a sustainable and secure world, announced March 2 in a news release that it has partnered with Global Petroleum to create a branded version of DTN Exchange called PetroHub.


[FULL STORY]
 

Group Cites Bias
Biofuels Alliance Refutes New Report Critical of Biofuels
by George Orwel

On Friday, the Global Renewable Fuels Alliance responded angrily to a new report that questions the value of biofuels, with the report suggesting they are a costly and ineffective alternative to fossil fuels.

GRFA, an umbrella organization that brings together national biofuels groups from around the world, said in a news release that the report was produced by pro-oil groups to distort facts and to slow the growth of biofuels.


[FULL STORY]
 


Will the US Regular Grade Gasoline Average, now at $2.702 gallon, reach $3 in May?
Yes
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