gas stations

Oil

Gas stations in Manhattan on the decline

Source: 
The New York Times

Gasoline stations are declining in Manhattan as leases expire and new residential and business buildings take their place, The New York Times reports.

Oil

Gas prices set to remain low through Election Day

Source: 
The Hill

Gas prices are likely to remain low through Election Day due to reduced consumption caused by Hurricane Sandy, The Hill reports.

E15 success remains hazy

Source: 
The New York Times

The overall success of the newest ethanol-gasoline hybrid, E15, remains inconclusive after the first week of sales in Kansas, The New York Times reports.

Oil

Murphy Oil chief resigns

Source: 
The Wall Street Journal

David Wood, the CEO and president of Murphy Oil Corp, unexpectedly resigned on Wednesday. The oil and gas company's former general counsel has assumed the position of CEO, The Wall Street Journal reports.

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White House photo

Obama to eliminate some regulations, including EPA gas station mandate

WASHINGTON (AP) — President Barack Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require agencies to periodically scrub their rule books in search of unnecessary mandates.

Gas stations are among the beneficiaries of the changes, as the EPA will repeal a requirement that gas stations in some states install vapor controls at the pumps.

Obama will sign the election-year executive order later Thursday that will force federal agencies to scrutinize old rules to determine which ones are justified and to issue regular reports on their progress.

Oil

Independent gas stations losing money with falling demand

Source: 
The Wall Street Journal

With gas prices escalating and consumption of gas at the pump at an 11-year low, the nation's 110,000 independent gas station owners are feeling the pain, and say it's increasingly difficult to make a profit, especially with credit-card processing fees, The Wall Street Journal reports.

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