Petroleum products
Venezuela’s 4 cents a gallon gas is set for a major hike
Venezuela is suffering through the world’s highest inflation and rampant shortages of consumer goods, like milk, sugar, toilet paper — even condoms. But one thing Venezuela does have a lot of is oil. And thanks to government subsidies, it also has the cheapest gasoline in the world. But maybe not for much longer.
Petition to Regulate Tar sands Oil Pipelines
The pipeline that spilled in Mayflower, Arkansas was carrying diluted bitumen, which behaves differently that regular crude oil, but federal regulations don’t consider the difference. And until there are new regulations in place, petitioners want a moratorium on any new or expands pipelines for bitumen, including the proposed Keystone XL pipeline.
Top of the Hour: Oil Prices Skyrocket, Morning Headlines
The price of oil is continuing to rise, partially due to civil unrest in Libya. Americans are seeing the increase at the pump, with gas hitting an average of $3.50 a gallon; however, the rising costs also affect heating oil and other goods and services in the U.S.
Natural Gas Converts
At the beginning of the year a new law went into effect in New York State that encourages businesses to convert diesel and gasoline powered trucks to cleaner burning natural gas. The new law also offers companies tax credits. Steve Curwood speaks with David Vandor about these new incentives. , a consultant to alternative fuel […]