The OilSpot News by Telvent DTN
Monday, April 30, 2012 VOLUME 10 ISSUE 502  



TDTN Launches New Cost Savings Solution for Fuel Marketers
Shell Boosts Largest US Refinery as Motiva Port Arthur Expansion Processes Crude
ATA: Truck Tonnage Index Up 0.2% in March from Month Prior
Suburban Propane to Buy Interest in Inergy Retail Propane
KMP Launches Open Season to Move Light Condensate on Cochin
DOT: Vehicle Miles Traveled in February Up 1.8% vs. Year Ago
Goldman Sachs sees Tight Oil Market as Saudis Build Stocks


US Retail Gasoline Prices Slide 5.2cts to $3.870 Gallon
US Retail Diesel Average Down 4.2cts to $4.085 Gallon
Propane Supply 78.9% Higher on Year as of April 20


EPA Posts RIN Fraud Settlements for 31 Obligated Parties
CARB: LCFS Reports due Today after Injunction Lifted
CTA Study shows LCFS Causes Job Losses, Higher Diesel Costs
EPA OKs Birmingham Summertime Gasoline RVP Change to 7.8psi
NACS Supports Bill Offering E15 Retailers Legal Protection
API: Solid Earnings from Oil, Natural Gas Cos. Boost Jobs, Fed Revenue
Domestic Projects Seek Federal Approval to Export LNG


Economic Indicators


Weekly Rack Postings

A Failure to Coordinate, Think Ahead
NACS says RFS, CAFÉ could Fail Unless Concerns Addressed

The requirements mandated by the Renewable Fuels Standard and the proposed Corporate Average Fuel Economy standards are likely to create a situation in which one or both of these programs will fail unless significant concerns are addressed, according to the National Association of Convenience Stores.
 
“RFS and CAFE policies cannot co-exist without substantial changes in the retail and vehicle markets to accommodate significantly higher concentrations of renewable fuels, an unlikely scenario given that we may not even meet current requirements as they stand in 2012,” said John Eichberger, NACS vice president of government relations and the author of the new NACS whitepaper entitled, “The Future of Fuels: An Analysis of Future Energy Trends and Potential Retail Market Opportunities.”

[FULL STORY]
 

Clear Message to Lawmakers
O’Malley tells Congress to Drop RFS, Tier 3 to Cut Gas Prices

PBF Energy's Delaware City Refinery
The chairman of a refining company in the Northeast testified before Congress on Thursday (4/26) that removing the Renewable Fuels Standard mandate and preventing future restrictions on producing gasoline will cut prices at the pump.
 
He was testifying before the Joint Economic Committee of Congress hearing “Gas Prices in the Northeast: Potential Impact on the American Consumer Due to Loss of Refining Capacity.”

[FULL STORY]
 

Ethanol Lobby Promises Fight
After US Court of Appeals Allows California to Enforce its LCFS
by Myke Feinman

The Ninth Circuit U.S. Court of Appeals issued a stay on April 23 overturning an injunction blocking enforcement of California’s Low Carbon Fuel Standard.
 
The “decision allows the Air Resources Board to continue implementation and resume enforcement of this important program to reduce greenhouse gas emissions,” said James Goldstene, California Air Resources Board executive officer in an April 23 news release.

[FULL STORY]
 


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