Gasoline

Gulf Oil announces new Gulf Pay mobile app

WELLESLEY HILLS, Mass. -- Gulf Oil today announced the launch of a new mobile payment application, Gulf Pay. The new offering, powered by P97's PetroZone mobile commerce platform, will enable Gulf customers to navigate to the nearest Gulf gas station, pay for fuel at the pump, and purchase products inside the convenience store utilizing mobile payment technology.

Sunoco LP announces a new, high-detergent fuel blend

DALLAS -- Sunoco Ultratech, a high-detergent fuel blend, will be available to customers starting April 1 across all grades of gasoline at every Sunoco station across the country. The introduction of Sunoco Ultratech is the company's latest effort to provide customers with the high quality fuel they've come to expect from Sunoco.

US gasoline margins hit 1-year low on oversupply fears

NEW YORK (Reuters) -- US gasoline margins fell by more than 11% early on Friday, hitting one-year lows as record inventories and signs of weakening demand dampen expectations and upend trade flows.

Fuel sales in Brazil fell 4.5% in 2016

RIO DE JANEIRO (Reuters) -- Brazilian fuel sales fell to 135 billion liters in 2016, down 4.5% compared to the previous year, led by a sharp drop in sales of hydrate ethanol, national oil agency ANP said on Thursday.

EIA: US crude and gasoline stockpiles hit record highs

(Reuters) -- US crude oil and gasoline inventories soared to record highs last week as refineries cut output and gasoline demand softened, the Energy Information Administration said on Wednesday.

Field narrows in bidding for Italy's TotalErg petrol stations

MILAN/LONDON (Reuters) -- The field of prospective bidders for the Italian petrol station network belonging to Total and Italian energy group Erg has narrowed, leaving only a handful of interested parties undertaking due diligence checks on the business, sources familiar with the matter said.

BP to fuel McLaren F1 team after ExxonMobil split

LONDON (Reuters) -- BP and its Castrol brand will supply the McLaren Formula One team with fuel and lubricants this season in addition to rivals Renault.

Auto CEOs want Trump to order review of 2025 fuel rules

WASHINGTON (Reuters) -- The chief executives of 18 major automakers and their US units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.

Gasoline sails away from American drivers as East Coast stocks swell

LONDON/NEW YORK (Reuters) -- Traders are preparing to export cargoes of coveted gasoline from the US East Coast after months of heavy importing and local production swamped the region.

US gasoline tax hike may dent fuel demand in oversupplied market

NEW YORK (Reuters) -- A potential increase in gasoline taxes in several US states could put a dent in demand at the pumps and mark another setback for a market already flooded with excess fuel.