Fuel retailers profit while customers pay
Wholesale gas prices have dropped nearly 25 percent in recent weeks, but retailers with the July 4 holiday in view have been slow to pass along savings. Industry observers cite avarice and cautious pricing as refiners’ margins shrink and competition heats up after the holiday.
MENTIONED IN THIS ARTICLE
Peter Beutel
Daily Energy Hedger
Indusity
Tom Kloza
Oil Pricing Information Service
Lakewood
N.J
Oil Industry
Retailers cash in on fluctuating gasoline prices
Retailers face diverging price moves as wholesale costs slide while gas stations cut prices more slowly. The Energy Information Administration tracks New York area price trends with independent retailers pushing changes to protect margins amid wholesale shifts. Paul Brochu of Valero notes retailers raised prices quickly when costs rose to preserve profits.
MENTIONED IN THIS ARTICLE
Federal Energy Department
New York Harbor
Mike Edgar
Conoco
Denver
U.S
New York
N.Y
Paul Brochu
Valero Corp
Paulsboro
N.J
MAP Satellite Lifts Off To Study Universe Afterglow
NASA launches the Microwave Anisotropy Probe MAP from Cape Canaveral aboard a Delta rocket to map the infant universe. The $95 million mission aims to image the cosmic microwave background, measure temperature variations to one in a million, and answer how old the universe is. Princeton University joins as an academic partner.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Fla
NASA
Delta
Alan Bunner
Earth
Banner
Bunner
Moon
MAP
Princeton University
Also Mentioned on This Page
John Kilduff
Fimat USA
Kilduff
Edgar
Source
Energy Information Administration
Microsoft
Enmu-R
Tech Services
ENMU
Cool Cubs
AP Rhota
San Diego Zoo
Kalluk
Terry Topp
D.C. Piriformis
Skandia
Vate
Varin
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