The OilSpot News by DTN
Monday, January 11, 2010 VOLUME 8 ISSUE 385  



Shell to Convert Montreal East Refinery to Fuel Terminal
Magellan to Install Biodiesel Blending Equipment in South Dakota
Tri Star Energy to Sell 84 C-Stores/Gasoline Sites in Tennessee
Noble to Buy Suncor’s Rockies Natural Gas Assets for $494 Million
Propane Retailer Inergy Acquires Liberty Propane for $223 Million


US Retail Gasoline Jumps 5.8cts, 98.1cts above Year Ago
On-Highway US Diesel Average Surges 6.5cts to $2.797 Gallon
Home Heating Oil Average Soars 8.3cts at $2.88 Gallon
US Propane Stocks Decline 3.1 Million Bbl Week-ended Jan. 1


CFTC Chairman Gensler Advocates Stricter OTC Regulation
Biodiesel Industry in Limbo after Tax Credit Expired
Sunoco to Pay $173,310 for Marcus Hook Refinery Violations
Salazar Announces US Onshore Oil, Gas Leasing Reforms
Virginia Gasoline Retailer Settles Gouging Allegations
Holly Energy Promotes David Blair from SVP to President
Western Refining Names New SVP, Director of Investor Relations


Economic Indicators


Weekly Rack Postings

NJ to Cut Sulfur in No.2 Oil
API seeks 50ppm Heating Oil Spec vs. State's 15ppm Proposal

Heating Oil Tank

Friday (1/15) marks New Jersey's deadline to comment on its proposal to lower the sulfur content in heating oil to 500 parts per million or less in 2014 and to 15ppm or less in 2016, with the state's Department of Environmental Protection holding a public hearing Jan. 5 at the state capital in Trenton on the proposal.

Should N.J. move ahead with its Nov. 16, 2009 announced specifications, it would be the first state to require a lower sulfur content in heating oil, which follows federal laws that have cut the sulfur content in transportation distillate fuels.

"EPA hopes and expects its regional neighbors to join the effort," said Raymond Werner, chief for EPA's Region 2 Air Programs Branch.


[FULL STORY]
 

EPA Toughens Ozone Standard
API calls Proposal Politicization of the Air Quality Standard

The American Petroleum Institute is challenging the Environmental Protection Agency's proposed changes to the 2008 ozone standard, saying the action lacks scientific justification.

The EPA is proposing to replace the standards set by the George W. Bush administration, "which many believe were not protective enough of human health," according to a release issued Jan. 7 by the agency.

The changes would include setting a primary standard that would place the acceptable ground ozone level, or smog, at between 0.060 and 0.070 parts per million measured over eight hours. Ground ozone forms when emissions from industrial facilities and vehicles react in the sun.


[FULL STORY]
 



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