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Recent Gas News/GasBuddy Blog

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GM, Hyundai bring telematics 'in-house'

GasBuddy Blog -- When the 2015 Hyundai Genesis goes on sale later this spring, it will offer an ambitious new telematics and customer service program with it.

The system, which is the second generation of Hyundai’s Blue Link connectivity, will include smartphone apps for remote start and other functions, Google speech recognition and web searches for navigation points of interest. GM is also going in this direction; switching to 4G to add features and increase speed this summer, representing the next big step for in-car communications and connectivity.

“This is where the technology is going,” said IHS Automotive senior analyst Stephanie Brinley. “It’s not just about streaming Pandora (Internet radio) in your car. It’s becoming how you’ll...  (go to article)

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GM Launching Product Development Group Focused on Safety

FOX Business Network -- General Motors Co. (GM) will create a new global product integrity organization that will focus on product safety and quality, said GM Chief Executive Mary Barra in a speech on Tuesday.

"This new way of developing vehicles will provide the highest levels of safety, quality, and customer service, and ensure that a situation like the ignition-switch recall doesn't happen again," Barra said in New York.

Barra addressed the recall of 2.6 million cars for defective ignition switches, which she has admitted GM bungled. At least 13 people have been killed in older model GM small cars with the defective switches.
 (go to article)

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Dual Turning Point for Biofuels

NY Times -- HUGOTON, Kan. — There is an old joke in the energy business that advanced biofuels are the fuel of the future, and always will be.

A Spanish company, Abengoa Bioenergy, has bet $500 million on robbing that joke of its punch line. In the middle of a cornfield here it is building a 38-acre Erector set of electrical cable and pipe that will soon begin producing cellulosic ethanol, which it calls a low-polluting alternative to petroleum products. This is just as the George W. Bush administration and Congress intended seven years ago with legislation promoting energy independence.

But even as Abengoa and other companies prepare to produce significant amounts of cellulosic ethanol, using corn stalks and wheat straw as opposed to corn itself, the appetite for such fuels seems to be diminishing.  (go to article)

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Girl texting while driving hits cyclist, says “I just don’t care”

By Tina Robinson | Daily Buzz – -- while driving is so totally wrong.

But according to 21-year-old Kimberly Davis, it’s totally not her fault.
 (go to article)

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US crude stocks surged 10 million barrels last week on import boost

Platts -- US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the EIA showed Wednesday.

Rob Merriam, manager of EIA's Weekly Petroleum Status report, said a large build in commercial stocks of this size is typically seen in January, when companies are replenishing barrels after shedding crude at the end of the year for tax purposes.

US crude imports rose 959,000 b/d, led by a 649,000 b/d increase in imports from Saudi Arabia and a 406,000 b/d increase in imports from Colombia.

At the same time, US crude oil production continues to grow. Domestic crude production reached 8.3 million b/d last week -- the highest since the 8.306 million b/d seen the week ended April 1, 1988.  (go to article)

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WTI Oil Falls From Six-Week High as U.S. Supplies Surge

Bloomberg -- West Texas Intermediate crude retreated from a six-week high after a government report showed that U.S. supplies rose more than 10 million barrels last week. Brent climbed on the escalating Ukraine crisis.

Inventories grew more than five times as much as forecast in the Energy Information Administration report. Supplies along the Gulf of Mexico, known as PADD 3, rose 5.17 million barrels to 207.2 million, the most in EIA data going back to 1990. Stockpiles at Cushing, Oklahoma, the delivery point for WTI, fell. Ukraine began an offensive against separatists in its east amid claims that Russian special forces were fomenting unrest.  (go to article)

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General Motors to ask bankruptcy court to shield it from ignition claims before bankruptcy

The Associated Press | The Canadian Press -- DETROIT - General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.  (go to article)

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Shut Up and Deal: Tesla vs. the Auto Dealers

New Yorker -- The electric-car company Tesla seems like everyone’s darling these days. Its stock, even amid a pervasive selloff in the tech sector, is up nearly forty per cent this year. It has announced plans to build a five-billion-dollar battery factory, which various Southwestern states are vying to host. And it’s now starting to sell cars in China. But there is one place where Tesla is getting no love: New Jersey. Last month, the state decreed that the company would have to shut down its showrooms. In doing so, New Jersey joined states like Texas and Arizona, where it’s effectively illegal to buy a Tesla. Pretty soon, you’ll be able to get a Model S in Beijing but not in Paramus.  (go to article)

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Top Democratic lawmaker backs off 'carbon tax'

Associated Press -- The California state Senate leader on Monday backed off an unpopular proposal for a so-called carbon tax on consumer fuels and instead wants to dedicate billions of dollars generated by the state's greenhouse gas reduction law to affordable housing, mass transit and high-speed rail.

Senate President Pro Tem Darrell Steinberg said his willingness to pivot from a higher tax on gasoline, propane and other consumer fuels was driven by the need to fund environmentally friendly infrastructure projects while helping low-income Californians with housing. The Sacramento Democrat also threw his support behind Gov. Jerry Brown's budget proposal to help finance the $68 billion bullet train with money from the cap-and-trade fund that was established as part of the greenhouse gas law.

 (go to article)

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Maryland drivers charged with cellphone usage triples

Capital News Service -- It’s been six months since the Maryland law banning cellphone usage while driving became more strict, and the number of drivers ticketed has more than tripled.

The change in state law makes driving while talking on a hand-held phone a primary offense, allowing police officers to stop a driver on Maryland roadways for just holding their phone.

 (go to article)

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Tinted car windows: What's allowed, what's illegal

The Globe and Mail -- When in QC, do as the Quebeckers do or face a fine

In QC, the front side windows have to let in at least 70% of light

If police can't see you through your windows and they don't have a photometer handy, they'll give you a notice to get your tinted windows inspected within 48h

You could drive away from the shop and keep the tint, but your dark victory will probably be temporary. Get pulled over again in QC and there will be no notice – just a fine of up to $300

If your windows are too dark for QC, chances are they're too dark for ON

ON's law doesn't specify a percentage of tint. If police decide they can't see you, you could be fined from $85 to $500

In BC, AB, SK, NS it's illegal to have any tint at all on driver and passenger windows

A lot of people are surprised to find that out  (go to article)

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Lower gas prices keep inflation in check in March

The Associated Press -- Lower U.S. gasoline prices kept consumer inflation in check last month, helping offset higher costs for food and clothing.

The Labor Department says the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases the previous two months. Prices have risen just 1.5 percent year over year. That remains well below the Federal Reserve's 2 percent target for inflation.

Excluding the volatile food and energy categories, core prices increased 0.2 percent in March and 1.7 percent in the past year.

Prices at the gas pump tumbled 1.7 percent in March, lowering costs for the entire energy category.

But food prices jumped 0.4 percent, led by increases in eggs, milk, butter, oranges, pork chops, ground beef and poultry. Prices for clothing, used cars and cable televisi  (go to article)

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EIA report: Oil inventories swell, gasoline inventories little changed

GasBuddy Blog -- The Energy Information Administration released its weekly report on the status of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 10.0 million barrels to a total of 394.1 million barrels. At 394.1 million barrels, inventories are 6.5 million barrels above last year (1.7%) and are above the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.2 million barrels to 210.3 million barrels. At 210.3 million barrels, inventories are down 11.4 million barrels, or 5.2% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.3mb...  (go to article)

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Crude oil slips on anticipated resumption of Libyan oil exports

Proactive Investors -- Oil futures closed lower today, pressured by expectations that Libyan oil exports would soon resume.

Traders also awaited weekly data on U.S. petroleum supplies that are expected to show an increase in crude inventories.

May oil dropped 0.3% to finish at US$103.75 a barrel on the New York Mercantile Exchange.

The American Petroleum Institute is due to release its supply report later today, while the Energy Information Administration's report is due out tomorrow.

Analysts polled by Platts expect to see a climb of 2.4 million barrels in crude stockpiles.
 (go to article)

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Will recall woes start crimping GM's sales?

CBS NEWS -- DETROIT - As General Motors (GM) executives show off their newest cars and trucks at the New York International Auto Show this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.

Many expect GM sales to take a hit from a mishandled recall of small cars, though it's unclear when and how severe. Any decline would hurt the automaker's market share and potentially its credit rating. Concerned investors have sent GM stock to a 10-month low.

Data collected from dealers by J.D. Power and Associates show GM U.S. sales fell 6.3 percent in the first five days of April compared with a year ago, while the overall market dropped just 0.3 percent. The same data show an even larger decline for Ford (F). April is expected to be a rebound month......  (go to article)

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Drivers Ignoring Recall Notices Pose Hurdle for GM’s CEO

BLOOMBERG -- Even with U.S. auto recalls on pace to reach the highest level in a decade this year, there’s a good chance many of the vehicles won’t get fixed.

About a third of all recalled cars and trucks don’t get repaired, and about one out of every seven vehicles, or 36 million, still on the road have an unrepaired defect, according to data compiled by regulators, safety advocates and the CarFax vehicle history company.

That means recalled cars from automakers as varied as General Motors Co., Honda Motor Co., Chrysler Group LLC and Toyota Motor Corp. will remain unrepaired on the roads, in some cases putting drivers at risk. GM Chief Executive Officer Mary Barra will struggle to achieve her stated goal of repairing 100 percent of the 2.19 million small cars recalled for an ignition fault linked...  (go to article)

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Oil Rises to 6-Week High as Ukraine Adds to Tight Market

Bloomberg News -- West Texas Intermediate crude advanced to a six-week high amid concern that the crisis in Ukraine is escalating. Brent reached $110 a barrel on speculation China may do more to spur growth.

Futures gained as much as 1 percent in New York. Ukraine began an offensive against separatists in its restive east, recapturing an airport amid claims that Russian special forces were supporting anti-government groups. China’s gross domestic product expanded by a seasonally adjusted 1.4 percent in the first quarter, down from 1.7 percent in the previous three months, according to the National Bureau of Statistics.

“Oil is being driven more by the Ukraine situation,” said Guy Wolf, global head of market analytics at Marex Spectron Group in London, by e-mail. “Does this situation mean more intense disa  (go to article)

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BP: Active shoreline clean-up after Gulf oil spill ends in Louisiana

The Associated Press -- NEW ORLEANS -

Just days before the fourth anniversary of the 2010 Deepwater Horizon disaster and oil spill, BP has ended its "active" cleanup of Louisiana's coast.

The company says the Coast Guard ended patrols Tuesday of the final three miles of affected shoreline in Louisiana. The move completes a cleanup operation that ended in Florida, Alabama and Mississippi last June.  (go to article)

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Oil foes study how to be arrested

Charleston Daily Mail -- Donny Williams didn’t spend his weekend in Washington walking around the Tidal Basin taking in the cherry blossoms.

He was training people how to get arrested.

Williams, a 36-year-old environmental activist from Baltimore, taught a class in the nation’s capital on civil disobedience, part of a last-ditch campaign against the Keystone XL pipeline, which critics view as a threat to the climate.

The sessions were held over the past two weekends in eight cities, including Chicago, New York and Los Angeles. While critics say they remain hopeful that President Barack Obama will reject Keystone, the tutorials anticipate that a State Department-led review will find the project to be in the nation’s interest to build.

“We’re trying to create as much pressure as we can on President Obama,” Willi  (go to article)

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EPA wins in federal court, but Texas-based challenges to its authority likely to continue

The Dallas Morning News -- Tuesday’s decision by a federal appeals court to uphold EPA air quality standards that limit emissions of mercury and other power-plant pollutants is only the latest in a long series of skirmishes between industry groups and Republican lawmakers, on one hand, and environmentalists and the Obama Administration, on the other. At issue is the EPA’s sharply stepped-up enforcement enforcement of the Clean Air Act under President Obama, an approach that critics in Texas and beyond have labeled a war on coal.

Obama has repeatedly said he favors an “all of the above” energy strategy that has disappointed environmentalists who want even stricter regulations on coal-burning plants and requirements that limit environmental consequences of mining natural gas. Some of those same critics had...  (go to article)

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GAS PRICES: 12 straight days of increases irk customers

Press Enterprise -- On the 12th day of gas-price increases, Alberto Castro-Mendoza pulled into the Shell station at the intersection of Iowa Avenue and Blaine Street in Riverside, California.

It didn’t feel like Christmas.

Castro-Mendoza, 22, usually shops around, but on Tuesday, April 15, he was in a rush. So he stopped at a station, that with no competitors nearby, turned out to have the highest prices in Riverside County — $4.59 for regular, $4.67 for midgrade and $4.75 for premium — according to the website GasBuddy.com.

The prices, said Castro-Mendoza, an unemployed Army veteran, “are ridiculous. They’re manipulative. They’re evil.”

“The direct impact on consumers is immediate. They don’t have money to spend somewhere else,” said Esmael Adibi, chief economist at Chapman University in Orange.  (go to article)

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EU may switch from Russian gas to cheaper coal for energy supplies

Voice of Russia UK -- The EU could switch to cheaper coal for its energy needs in order to reduce its reliance on Russian gas supplies, according to a leading expert in London. With the shale gas revolution leading to cheaper US coal, it could lead to lower energy prices, as the Ukraine crisis puts gas at the centre of the debate. VoR's Tim Ecott spoke to Professor Alan Riley from City University, London.

Britain's Energy Secretary, Ed Davey, has said that the West must take Russian threats to restrict energy supplies to Europe more seriously.

The Liberal Democrat minister said that it was "of sufficient concern" to "plan seriously and deeply" in the event of gas and oil being restricted.

His comments come after Russian President Vladimir Putin warned in a letter to European leaders that if Ukraine...  (go to article)

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CP contests Lac-Mégantic cleanup order: Argues environment ministry did not supply documents within

The Gazette -- CP says it shouldn’t be forced to clean up the Lac-Mégantic oil spill because QC botched the process of issuing an emergency environmental order against the company, did not supply it with all the documents it had related to the oil spill within 30 days, as required by law

Last summer, QC used the province’s environmental-quality law to order MM&A, World Fuel Services and Western Petroleum to clean up spilled oil and any other contaminants. They also had to prevent the spread of contaminants into the environment, evaluate the extent of the environmental contamination, devise a cleanup and decontamination plan, and then execute that plan

About 2 wks later, the government added CP to the cleanup order

Nearly 6M L of crude oil spilled and 47 people were killed Jul 6 when a runaway oil trai  (go to article)

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Volvo Designs Ultra-Light Inflatable Child Seat Concept [Video]

AutoEvolution -- Child seats may be an indispensable accessory, but when you have to carry one around, you’ll notice that it also requires body-building skills. Well, if anybody would be on track to change all that, it has to be Volvo. The Sweedes have just come up with an inflatable child seat concept, which obviously promises parent-pleasing practicality.

The seat inflates in under 40 seconds and deflates with the help of an integrated pump. It tips the scales at under 11 lbs (5 kg), half the weight of a conventional seat. What’s more, this is gifted with Internet access via Bluetooth, allowing the user to perform a multitude of features, such as inflating it remotely. Volvo explains the seat can be folded into a weekend bag together with other child-related items.

This was all possible through the u  (go to article)

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Commute-Case, the Portable Electric Scooter

AutoEvolution -- Folding scooters and similar transportation which can be stored in a briefcase are nothing new, as this idea has been around since the 80’s or so. Still, this doesn’t mean that improvements would not make it exceptionally appealing once more, and the Commute-Case is just the kind of new interpretation we needed.

It goes without saying that using a small, electric scooter which needs no parking place and which can also be carried around just like normal briefcase is truly convenient. Cheap to run and easy to store near your desk, the Commute-Case can also become a nifty way to travel your last miles to work or school. Park your car, take the Commute-Case out and ride away. Or just get out from the train and ride into the city, the possibilities are endless.

With a costs as low as 1 cent  (go to article)

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Glow-in-the-dark roads make debut in Netherlands

WIRED.CO.UK -- Light-absorbing glow-in-the-dark road markings have replaced streetlights on a 500m stretch of highway in the Netherlands.

Studio Roosegaarde promised us the design back in 2012, and after cutting through rather a lot of government red tape we can finally see the finished product.

One Netherlands news report said, "It looks like you are driving through a fairytale," which pretty much sums up this extraordinary project. The design studio like to bring technology and design to the real world, with practical and beautiful results.

Back in October 2012, Daan Roosegaarde, the studio's founder and lead designer, told us: "One day I was sitting in my car in the Netherlands, and I was amazed by these roads we spend millions on but no one seems to care what they look like and how they behave.  (go to article)

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Volkswagen Golf Sportwagen TDI 4Motion "Concept" NY-Bound

Motor Trend -- The next-gen Volkswagen Golf Sportwagen (formerly the Jetta Sportwagen) is hitting the U.S. early next year and to drum up some buzz, VW is bringing a "concept" version of the long-roof Golf to next week's New York International Auto Show. The Volkswagen Golf Sportwagen TDI 4Motion concept – which has the appearance of a hastily-converted Euro-spec Golf Variant – will be making its North American debut next week.

Volkswagen doesn't have much to say about the new Golf Sportwagen TDI 4Motion concept, but based on the images, VW appears to be pandering to auto journalists. The diesel-powered wagon sports what appears to be a six-speed manual transmission and VW's 4Motion all-wheel drive system.  (go to article)

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Parnell administration wants to bail out ailing refineries with tax breaks

Anchorage Daily News -- A fast-track Parnell administration proposal to give tax breaks to Alaska oil refineries is moving through the Legislature despite concerns about cost estimates of $150 million or more over five years as well as questions about the effectiveness of the strategy.

The proposal would offer a tax credit -- essentially a subsidy -- amounting to $10 million a year to a refinery that invests at least $25 million in its plant. The credits would be offered for five years.

Backers say the help is essential to ensure the survival of Alaska refineries. They say the issue extends far beyond direct refinery jobs to other elements of the state economy including the Alaska Railroad and the military.

The tax breaks would come just as the state is faced with budget deficits of $1 billion to $2 billion a  (go to article)

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US ethanol prices 'just melting' as supplies firm, demand fades

Platts -- Most US ethanol prices slid Tuesday to their lowest levels in more than four weeks as stalling buying interest combined with firming supplies, sources said. The Chicago Argo ethanol assessment fell 11.5 cents to $2.6145/gallon, the lowest level since March 17. The front-month New York Harbor ethanol assessment for any-April delivery slid 10 cents to $2.53/gal, the lowest level since February 12.

The Chicago Argo assessment has plunged $1.1455, or 30.5%, since hitting $3.76/gal March 31, which was the highest level since 2006.

"This is bloodbath, round 8," one ethanol trader said, adding that prices were "just melting."

Prices across all regions have tumbled since hitting eight-year highs on April 1 as bearish production data and rebounding stockpiles have put significant downward pressu  (go to article)

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Bixi bikes are back on Montreal streets

Ottawa Citizen -- The bike-sharing service’s sixth — and perhaps last — season in Montreal started on Tue

Beset by financial, technical and legal problems, Bixi has been under bankruptcy protection since Jan after the city of Montreal called in its loan

A temporary non-profit company will run the system this year

Whether it survives into 2015 and beyond will depend on Bixi’s popularity this year, and how much the system ends up costing the city

Some suppliers are expected to contest the transfer of Montreal assets to the city

The city of Montreal is Bixi’s biggest creditor

In total, it is on the hook for about $40M in loans and loan guarantees

The transfer of the Montreal operations to the city would cut Montreal’s loss by $11.9M, the city says

 (go to article)

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They laugh at the price of gas

Autonet -- The price of gas will undoubtedly rise from here to the Summer, but it won’t prevent these cars from happily taking to the road!  (go to article)

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Eagle Spirit pipeline proposal faces First Nations opposition

CBC News -- A First Nations-led proposal to build an oil pipeline from AB to BC's N Coast will still face stiff opposition from some communities, including one situated at the location of the proposed marine terminal

"We have heard their concerns about protecting the environment

Eagle Spirit has not filed their proposal with the NEB, and they'll only do that after all First Nations' concerns are addressed

Some First Nations say they will always be opposed to the project, including the Lax Kwa'laams. The band remains opposed to all oil pipelines in their territory

It's not just First Nations groups that hold that view, but the general public in BC, according to Nikki Skuce with Forest Ethics

"It's not really about who owns it. It's about the oil, and I think the opposition is pretty clear  (go to article)

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World must act quickly to reverse buildup of heat-trapping gases, UN climate change panel says

Fox News -- BERLIN – The cost of keeping global warming in check is "relatively modest," but only if the world acts quickly to reverse the buildup of heat-trapping gases in the atmosphere, the head of the U.N.'s expert panel on climate change said Sunday.

Such gases, mainly CO2 from the burning of fossil fuels, rose on average by 2.2 percent a year in 2000-2010, driven by the use of coal in the power sector, officials said as they launched the Intergovernmental Panel of Climate Change's report on measures to fight global warming.

Without additional measures to contain emissions, global temperatures will rise about 5 degrees to 7 degrees Fahrenheit by 2100 compared to current levels, the panel said.  (go to article)

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California cringing at gas pumps statewide

GasBuddy Blog -- California motorists are getting hit hard- not only does the state boast the highest average price in the lower 48, but it also has seen the largest jump in prices in the last week, jumping 13c/gal to $4.18/gal, the highest price in over a year.

The latest jump comes as refinery kinks have pinched supply, resulting in supplies that are running 7% lower than they did a year ago, and a huge 10% drop versus last week. Across the state, the pain is worst in Los Angeles and areas of Southern California. LA has seen prices spike 16c/gal while prices have jumped 12c/gal in the Bay area.

While I don't expect these large increases to continue in the week ahead, more increases are likely, but there is relief coming. I expect prices...  (go to article)

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Triumph of the Drill

Mother Jones -- Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world's most profitable companies.

Taxpayers currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, and ConocoPhillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce.  (go to article)

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Coal consumption in Germany – a closer look

Renewables International -- The big energy news this week in Germany was that power from brown coal has reached its highest level since 1990. But in reviewing the data, our Thomas Gerke noticed something: the difference between primary and final energy.  (go to article)

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Diesel Average Dips 0.7¢ to $3.952; Gasoline Continues to Rise With 5.5¢ Gain

Transport Topics -- Diesel’s national average retail price dipped 0.7¢ to $3.952 a gallon, its fifth straight decline, while gasoline rose for the 10th straight week, the Department of Energy reported.

Gas gained 5.5 cents to $3.651 a gallon, its highest level since July 22, DOE said April 14 following its weekly survey of filling stations.

Trucking’s main fuel has dropped almost 7 cents since hitting $4.021 on March 10, its highest pump price in a year.

Gasoline has jumped almost 36 cents in its 10 increases, DOE records showed.

Diesel is a penny higher than it was in the corresponding week last year, while gas is 10.9 cents over a year ago.

Each week, DOE surveys about 400 diesel filling  (go to article)

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Executive: GM recall crisis not hurting Cadillac image, sales

Detroit News -- A Cadillac executive said Tuesday that General Motors Co.’s recall crisis of 2.59 million vehicles is not hurting the Cadillac brand image or its U.S. sales.

“So far we have not seen any decline in our Cadillac business due to the negative news about the recall,” Uwe Ellinghaus, chief marketing officer for Global Cadillac, said following a panel discussion at the 2014 Automotive Forum ahead of press days for the New York International Auto Show. “People distinguish between brands and the corporations behind the brands. Therefore, I’m not surprised, speaking from Cadillac, that we didn’t see this.”

Ellinghaus said Cadillac has been reaching out to dealers and also has been monitoring social media traffic, and has not seen many issues or topics.

“It’s not just wishful thinking,” he said.  (go to article)

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WTI Oil Falls From Five-Week High on Supply Outlook

Bloomberg News -- West Texas Intermediate fell from a five-week high amid speculation that crude inventories rose last week and as manufacturing in the New York region slowed.

WTI dropped as much as 1.1 percent. Supplies probably grew after reaching the most since November the prior week, according to a Bloomberg survey before an Energy Information Administration report tomorrow. The Empire State Manufacturing index slid to 1.29 in April from March’s 5.61, the Federal Reserve Bank of New York said. Futures pared the decline as tension escalated between Ukraine and Russia.

“The focus is on tomorrow’s EIA report,” said Carl Larry, president of Oil Outlooks & Opinions LLC in Houston. “Crude inventories are high. A lot of money is exiting the market right now.”

WTI for May delivery slipped 45 cents, or 0.4 p  (go to article)

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Gas prices expected to rise in Canada this summer

CBC News -- Gasoline prices in Canada are climbing to two-year highs, and could be going higher, according to industry watchers.

 (go to article)

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Oil retreats from 6-week high on Libya supply

MarketWatch -- NEW YORK (MarketWatch) — Oil futures retreated Tuesday morning from a six-week high hit a day earlier on concerns about Ukraine, pulled lower on expectations Libyan oil supply is set to return to the market.

Nymex West Texas intermediate crude futures for May delivery /quotes/zigman/2196845/realtime CLK4 -0.25% fell 97 cents, or 0.9%, to $103.08 a barrel. ICE May Brent futures, the North Sea benchmark, /quotes/zigman/2648927/realtime UK:LCOK4 -0.52% lost 77 cents, or 0.7%, to $108.30 a barrel.

Oil futures barely budged after data showed U.S. consumer prices rose 0.2% in March versus forecasts for a rise of 0.1%.

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The UN Climate Report: What You Need to Know

Mashable -- On Sunday, the U.N. Intergovernmental Panel on Climate Change (IPCC) released the final installment of a massive report laying out just how feasible it is for the global community to limit manmade global warming to below dangerous levels.

Like the previous two installments, published in September of last year and March, this report contains extremely dense, technical material.

Yet its contents are hugely important for the public and policymakers. It lays out the case for why drastic emissions cuts are needed, starting within the next decade, in order to have a decent chance of limiting the amount — and the pace — of global warming....

Here's a breakdown of some of the latest report's most important findings.  (go to article)

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For the Auto Industry, a Showcase for Change

New York Times -- The 2014 New York International Auto Show is billed, rightly so, as a showcase for dozens of new and significantly changed automobiles. But more than that, it is also a showcase for the quickening pace of change in the auto industry.

Organizers have designated more than five dozen vehicles as world or North American premieres, among the hundreds on display at this year’s show, which opens Wednesday for two days of press previews at the Jacob K. Javits Convention Center in Manhattan. Models expected to draw large crowds include the 2015 Chevrolet Corvette Z06 convertible; the 2015 Jeep Renegade, a smaller addition to the Jeep line that made its debut earlier this year in Geneva; and the much anticipated Alfa Romeo 4C sports car.  (go to article)

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23 Global warming & climate change stories

IJ Review -- The following are 23 news stories from a variety of sources that everyone should consider before the avalanche of “go green” stories that will be unveiled on Earth Day – in the media and in our kids’ schools.

Whether or not one wants to promote the perfectly fine goal of fostering a better environment and leaving a cleaner planet for one’s children, that should not be carried out on the basis of disinformation, hysteria, or hidden political agendas.  (go to article)

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Crude oil fresh buy signal

Inside Futures --
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. These recommendations are a solicitation for entering into derivatives transactions. All known news and events have already been factored into the price of the underlying derivatives discussed. From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.



Crude oil fresh buy signal

This is the second buy signal. I have had in crude oil since trend changed up in the beginning of April. I have resistance at 105 50. On the weekly chart I had a buy signal last week, the trend has been up since February and I had a Kings cross by signal in December that has not been negated. The monthly chart has been trend  (go to article)

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Momentum builds for suicide barrier on Golden Gate Bridge

Marin Independent Journal -- An official request is in to California Legislature budget committee members for $11 million to fund a suicide barrier on the Golden Gate Bridge as a funding package for the $66 million project is assembled.

Members of the bridge board also traveled to Washington D.C. earlier this month to lobby for money for the project and came back encouraged that at least $44 million in federal transportation dollars could be allocated by Congress for the work.

The bridge district would then look at funding the final portion, although a board policy stating toll revenue will not be used for the project would have to be revisited.

 (go to article)

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Life in the shadow of an oil refinery

Al Jazeera -- On the blocks surrounding Calumet Specialty Products’ Shreveport Refinery the stench of rotten eggs is nearly constant. It’s a sign that hydrogen sulfide is in the air, and residents say the chemicals they’ve come to associate with that smell are responsible for a host of health issues — from cancers to lung disease to nerve damage — that plague families in the area.

Still, hundreds of little wooden houses on small plots of grass dot the blocks surrounding the plant, in the Ingleside neighborhood of Louisiana’s third largest city.

Some houses are so close that their backyards end where the Calumet’s chain link fence begins. The plant’s smokestacks are the skyline. It’s not that people don’t mind the smell, but they say there’s little they can do.

Ingleside is in a conundrum common to t  (go to article)

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O.C. gasoline prices hit 14-month high

Orange County Register -- As Orange County residents hit the road for spring break, the price of a gallon of regular gas rose Monday to a 14-month high of $4.28, a 17-cent jump from one week ago, according to the Automobile Club of Southern California.

The last time the county saw prices this high was in March last year, when prices were declining from a high of $4.31 per gallon on Feb. 27, according to AAA spokesman Jeffrey Spring.

Prices have risen every day since March 10, Spring said, a trend that is expected to continue in the short term. “Wholesale prices have continued upward in recent days, so motorists could expect more increases in the next few days.”

Wholesale prices in Southern California have increased by about 41 cents since April 1.  (go to article)

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Coal Returns to German Utilities Replacing Lost Nuclear

Bloomberg -- What’s a beleaguered utility to do when forced by the government to close its profitable nuclear power plants?

It turns to lignite, a cheap, soft, muddy-brown colored form of sedimentary rock that spews more greenhouse gases than any other fossil fuel.

The story of German power giant RWE AG (RWE) exemplifies the crisis facing the nation’s utility industry -- and those of many countries across Europe -- as nuclear power plants get shuttered in the wake of the Fukushima disaster, renewables steal away revenue, and consumers and companies complain about rising power costs that are three times higher than in the U.S.

Chancellor Angela Merkel’s decision in 2011 to shutter all 17 of Germany’s nuclear power stations by 2022 struck a blow to RWE’s profit stream, particularly for a company that  (go to article)

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Oil Traffic May Delay U.S. Fertilizer Shipments, Farmers Warn

Reuters -- Increasing use of railroads to ship crude oil could disrupt fertilizer cargo this spring as Midwest farmers prepare for planting, U.S. agriculture leaders warn, even as one railroad said on Monday it will take steps to ensure timely deliveries.

The planting season is nearly at hand in states such as the Dakotas and Minnesota, where soybean, wheat and corn growers will lay millions of tonnes of fertilizers like nitrogen and potash that mostly arrive by train. Those supplies are not stockpiled near the fields and the farmers rely instead on steady deliveries by rail.

"Since we don't store fertilizer, the next very few weeks are incredibly important for South Dakota farmers," said state Agriculture Secretary Lucas Lentsch.

But fertilizer cargo is being waylaid as railroads are clogged by t  (go to article)

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New York auto show spotlights small SUVs, muscle cars and sedans

Detroit Free Press -- This year’s New York International Auto Show, which opens to media Wednesday, will include a muscle car face-off between the 50th anniversary of the Mustang and updated versions of the Dodge Charger and Challenger.

There also will be a compact car showdown as Ford shows an updated Focus and General Motors shows an updated Cruze.

Among Asian automakers, there will be a battle of new midsize sedans. Hyundai will unveil a redesigned Sonata. Toyota will show an updated Camry and Acura will show the production version of the TLX sedan, which replaces both the TSX and TL sedans.

Ford is staging multiple events to mark the Mustang’s 50th anniversary. Chevrolet will reveal three new models and Chrysler, in addition to the Dodge Charger and Challenger, will introduce the Jeep Renegade for the  (go to article)

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