NEW YORK — Gasoline futures are ticking higher Monday following a cyberextortion attempt on a vital U.S. pipeline that carries fuel from the Gulf Coast to the Northeast. The Colonial Pipeline transports gasoline and other fuel through 10 states between Texas and New Jersey. It delivers roughly 45% of fuel...
Trump Administration Cuts Royalty Rates for Oil and Gas
BILLINGS, Mont. — The Trump administration has started giving energy companies temporary breaks on royalties and rent they pay to extract oil and gas from leases on public lands because of the coronavirus pandemic. The move drew quick criticism as a handout to industry that will mean less money for...
New Clovis Costco: More Space, More Pumps, Self Checkout
The roller doors came up, and hundreds of cart-pushing Costco fans ushered in the new era in Clovis. On Thursday morning, Costco began operations at its new location on Clovis Avenue, south of Shaw Avenue, two miles from its former location at Ashlan and Peach avenues. Bigger Inside and Out...
Starting Today, Gas Tax Takes Another Big Bite at the Pump
SACRAMENTO — California's nation-leading gas prices are set to climb even higher Monday, when the state gas tax increases another 5.6 cents a gallon. It's the latest increase from a 2017 law designed to raise about $5 billion a year for road and mass transit programs. The total tax on...
Californians Pay $10 Million a Day More Than They Should for Gas
Everyone knows that gas is expensive in California. The reasons, we are told, include high state taxes, costly special blends and fees aimed at helping the environment. But San Diego Union-Tribune reporter Rob Nikolewski writes that Californians also pay far more than they should for reasons that no one has publicly identified....