The OilSpot News from DTN Energy
Monday, June 23, 2003 VOLUME 1 ISSUE 49  



DTN Energy, ALON USA Enter Three-Year Agreement
BJ’s Wholesale Opens Second N.J. Gasoline Retail Station


Gasoline Prices Pump Higher in Weekly Report
Heavy Imports Bulk Up Domestic Propane Supply


Senate Delays Debate on Energy Bill until End of July


Economic Indicators


Weekly Rack Averages

NPRA Warns Lawmakers of Gas Shortfall
Contradictory Policies Defeat Remedies

The drumbeat of concerns regarding natural gas continued last week, with The National Petrochemical & Refiners Association warning a U.S. House of Representatives Subcommittee of a shortfall in supply meeting demand, and of contradictory public policy that is hurting efforts to balance the dueling dynamics. NPRA said there are many challenges for the nation, and lawmakers should look at policies that promote consumption, yet limit supply, as a way to remedy the growing deficit.

“NPRA believes that there is an urgent need to harmonize the nation’s energy and environmental policies, and that any national energy plan must include traditional supply and market-oriented policies for all fossil fuels, including natural gas,” said the association in written testimony for an oversight hearing on the domestic natural gas supply shortage filed with the House Subcommittee on Energy and Mineral Resources.


[FULL STORY]
 

Giant to Sell N.M. Travel Center to Pilot
Pilot Agrees to Long-term Supply Agreement

Giant Industries, Inc. said this week that it will sell to Pilot Travel Centers LLC Giant’s Travel Center located near Gallup, New Mexico. Also negotiated with the agreement, Pilot agreed to a long-term supply arrangement in which Giant will supply refined petroleum products from its Ciniza refinery.

“When we were approached about a possible sale of our travel center, both parties agreed that maintaining the sale of petroleum products from our Ciniza refinery would be an important component of any transaction," said Fred Holliger, Giant's chairman and chief executive officer.
[FULL STORY]
 



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