The OilSpot News by DTN
Monday, June 29, 2009 VOLUME 7 ISSUE 358  



GreenHunter Biofuels Ponders Sale of Biodiesel Plant in Houston
Domestic Production, Products Demand Determine US Oil Import Rate
NuStar says Profit from Pipeline Sales to Bolster Q2 Earnings
Center Point to Buy Weirton Terminal Facility in West Virginia
Kinder Morgan's Louisiana Natural Gas Pipeline in Service
Abundant Biofuels Offers Jatropha Supply to US Biodiesel Plants


US Retail Gasoline Average Edges Up 1.9cts to $2.691 Gal
On-Highway US Retail Diesel Fuel Up 4.4cts to $2.616 Gal
US Propane Stocks Up 3.6 Million Bbl Week-ended June 19


Tennessee Governor Bredesen Signs Biofuels Bill into Law
OPEC Seeks Curbs on Oil Speculation—Plans Biofuels Study
ATA Seeks Action against Speculators as Diesel Prices Climb
N.Y. Assembly Passes Ultra-low Sulfur Heating Oil Mandate
Virginia Probes Ethanol Blend Levels in Gasoline above Legal Limit
Hawaii Eyes $40 Million in Tax Income after Ethanol Subsidy Expires
Study Shows Sharp Drop in Diesel Emissions with 2007 Model Engines


Economic Indicators


Weekly Rack Postings

Travel Decline Eyed for July 4th
AAA sees Slip in Auto Trips amid Uncertainty over Economy, Rising Gasoline Prices

AAA, an international automobile association formed more than 100 years ago, expects approximately 37.1 million Americans will travel 50 miles or more during the upcoming July 4th holiday weekend, down 700,000 or 1.9 percent from a year ago due to ongoing uncertainty about the strength of the economy, especially concern over rising joblessness and sagging personal incomes.

The recent rise in gasoline prices may also be causing some travelers to limit or abbreviate their holiday plans, although its impact on overall vacation costs remains minimal, AAA said.

Last year, 37.8 million Americans traveled during the same period, a 10.5 percent drop from the 42.3 million travelers who vacationed in 2007.


[FULL STORY]
 

E15 Liability Relief Sought
NACS wants Product Liability Protection for C-Stores Selling Gasoline with Higher Ethanol Blend

The National Association of Convenience Stores said Friday (6/26) that it supports a legislative effort in Washington, D.C., to grant convenience store owners across the country liability relief for selling E15—an 85 percent gasoline, 15 percent ethanol blend.

Jeff Lenard told DTN that the NACS supports the proposed legislation by some lawmakers, which has not yet been introduced in Congress, because there is a high probability that the government will raise the ethanol blending level above the current 10 percent legal threshold for non flex-fuel vehicles.

The U.S. Environmental Protection Agency is now considering a petition to allow the sale of fuel blended with 15 percent ethanol. A decision is expected later this year.


[FULL STORY]
 



Preliminary government data shows year-to-date gasoline demand trailing the 2008 consumption rate by 0.8%. Do you think gasoline demand will climb above the year-ago rate during the remainder of 2009?
Yes, demand will increase amid improving economy
No, demand will remain lackluster due to high unemployment
Not sure
  [See Results]


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