Gasoline Industry

Oil rose as Isaac gathered strength on its way into the heart of the Gulf of Mexico's oil and refinery operations. The price got a boost after midday when forecasters said Isaac had strengthened into a Category 1 hurricane with 75 mph winds. Benchmark...

NEW YORK (AP) — Gasoline prices likely won't set any records this summer, thanks to a recent drop in the price of oil. The government on Tuesday slashed its forecast for average gas prices to $3.79 per gallon for the summer driving season. That's...

* Consumer sentiment rebounds in May, highest since July 2007 * Leading indicators rises more than expected in April By Leah Schnurr NEW YORK, May 17 (Reuters) - Americans felt better about their economic and financial prospects in early May as...

NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is...

By Brendan O'Brien MILWAUKEE, Wis. May 17 (Reuters) - Retail gasoline prices hit all-time highs on Friday in several U.S. Midwestern cities due to maintenance and outages at refineries in the region resulting in a tightening of supplies, according to...

Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and...

* Consumer sentiment rebounds in May, highest since July 2007 * Leading indicators rises more than expected in April By Leah Schnurr NEW YORK, May 17 (Reuters) - U.S. consumer sentiment rebounded in early May to the highest level in nearly six years,...

(Reuters) - U.S. consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling. A gauge of future economic activity released on Friday also...

Summer is coming. The long Memorial Day weekend is just two weeks away and, of course, average gasoline prices in California are back up above $4 a gallon. On Friday, the average price of a gallon of regular gasoline in California was $4.062, up 7.6...

* Retail sales rise 0.1 percent in April * Autos, electronics, building materials lift sales * Core retail sales rise 0.5 percent * Report suggests momentum in economy despite budget cuts By Lucia Mutikani WASHINGTON, May 13 (Reuters) - U.S. retail...

HOUSTON (Reuters) - A slowdown in U.S. inflation was benign and could "unleash" consumer spending, Dallas Federal Reserve Bank President Richard Fisher said on Thursday, adding that he was not worried about the risk of deflation. "If you look at CPI...

* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...