The OilSpot News from DTN Energy
Monday, June 2, 2003 VOLUME 1 ISSUE 46  



Gasoline Demand Soars to 6-Month High


Gasoline Pump Prices Turn Lower Again
Propane May Inventory Build on Pace to Beat 5-year Average


SF Chronicle: Benicia Residents Oppose Valero Upgrade


Economic Indicators


Weekly Rack Averages

REAP Calls for More Robust RFS Policy
Tells NY, California to Get Serious with Aggressive RFS

The Renewable Action Project, a national grassroots coalition of environmentalists, private foundations, government agencies, renewable energy advocates and producers, asked Congress to implement a more robust Renewable Fuels Standard. REAP also told the New York and California delegation that an aggressive RFS is the best way to reduce climate change gases, reduce petroleum use and create a sustainable economic development from coast to coast.

REAP reiterated its call to lawmakers to quickly adopt and to now further fortify efforts to reduce greenhouse emissions following a new study released by the Pew Center on Global Climate Change. The study by the non-profit organization said ethanol’s low carbon content and its ability to immediately blend into the existing petroleum infrastructure are reasons to quickly implement their use.


[FULL STORY]
 

Shell in Major Re-branding Push In NYC
Converting 100 Texaco Stations by Year-end

Shell Oil Products US and Motiva Enterprises LLC announced last week a major re-branding push, with the companies converting more than 100 Texaco stations in New York City and the surrounding areas to the Shell brand by the end of the year.

Shell and Motiva initiated the conversion of Texaco stations as part of an agreement to allow the Chevron merger with Texaco to proceed. The companies are in the process of converting thousands of Texaco stations nationwide to the Shell brand and will spend approximately $530 million on the project.

[FULL STORY]
 



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