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Gas Prices

Shell tried to drive Shell gas station operators out of business

FROM OUR SHELL NEWS ARCHIVE 9 DECEMBER 2004

THE BOSTON HERALD: Jury: Shell abused owners: Gas stations `vindicated’ in ploy by big oil company: “We’ve been vindicated,” said Mike Corbett, owner of City Square Shell in Charlestown, a member of a group of area dealers who’ve been battling Shell for more than four years over control of their stations. “This is big for us. They beat us up for so many years. It was terrible what they did,” he said.

(SOURCE)

THE BOSTON GLOBE: Jury rules for franchisees in Shell trial: 8 station operators in Mass. awarded $3.3m in damages: “A federal jury awarded more than $3 million to eight Massachusetts gas station operators after finding Shell Oil Co. used unfair tactics that were effectively intended to drive them out of business.”: “The case was also important to the world’s third-largest oil company, which has agreements with thousands of franchises nationwide.”: “The jury voted yes to the question of whether Shell ”in bad faith” set wholesale gasoline prices ”that were not commercially reasonable,” court documents said.” read more

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How Shell lost a 40 year customer

John,

As a public service you may want to post this link about this particular SHELL gas station:

Shell – 8788 Vineland Ave Orlando, FL 32821 | Gas Stations & Gas …

I paid for it and Shell lost a 40 year customer. Will never fill at a Shell station. They should revoke his darn license. These are some of the scum bag business …

I am certain your readers will find it ‘interesting’ reading.

Check out “Recent User Reviews

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Corrib gas could push up prices

10 July 2011 By John Burke Public Affairs Correspondent

Homeowners are facing the ‘‘very likely’’ risk that energy prices could rise due to competition between the new Corrib gas supply and the Bord Gáis owned undersea gas-supply interconnectors, the state energy regulator has warned.

In a paper published last week, the regulator said that any decline in demand for gas from the Bord Gáis interconnectors could be expected to fall following the addition of supply sources, but it also warned that this might lead to higher prices for consumers. read more

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Iraq completes Shell-led deal for huge oil field

Shell Chief Executive Peter Voser said his company looks "forward to a good cooperation with the government," but he refused to say how much money will be spent on the project.

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Nigerian Rebels Drive Up Oil Prices

A small group of insurgents in Nigeria's oil-rich Niger Delta helped drive up oil prices around the world yesterday by announcing a strike against one of Royal Dutch Shell's two main export terminals in the West African nation.

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Petrol price hits three-year low as crude falls again

Continuing the fuel price war, Total and Shell both announced that they were dropping their lowest petrol price to 82.9p a litre.

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Return to $1 gas? Energy prices evaporate

Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a gallon.

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Oops: Shell Station sells diesel for 59 cents a gallon

Mohinder Singh says he meant to set the price of diesel at $3.59 a gallon, but he forgot to add the "3" when he was typing the new price into the computer at his Shell station in rural Wisconsin.

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Limited storage forces importers to give away gas

The price of gas collapsed over the weekend as warm weather and full storage tanks forced importers to give away gas for - literally - nothing.

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Oil’s Plunge Is Biggest In Dollars Since 1991

Crude-oil futures plummeted more than $10 a barrel Monday after the House voted down a plan to rescue financial markets, magnifying doubts about demand growth.

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Storm puts kinks in fuel supply lines

Shell Oil said half of the Shell-branded stations in Houston and Galveston were without fuel Friday; other oil companies also reported stations out of gas before Ike's arrival.

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Shell to Give Jobbers More Time

Jobbers across the country received the bi-annual letter on June 30, warning that those who do not meet minimal requirements could face an uncertain future.

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Oil and politics

Washington's fear and confusion over high gasoline prices has come to this: Democratic Party leaders, who have dismissed Republican calls to end the federal ban on offshore oil drilling as a political stunt, have suddenly decided it may not be such a bad idea after all.

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Oil falls as fears for growth intensify

Crude oil prices fell below $120 a barrel for the first time in three months on Monday, as new data underscored the damage high energy costs are inflicting on US consumers.

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India May Pay Twice as Much for Gas by 2010 on Surging Demand

Petronet LNG Ltd., India's biggest buyer of liquefied natural gas, and Royal Dutch Shell Plc operate Dahej and Hazira LNG import terminals respectively on the country's west coast.

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Prayer at the pump for lower petrol prices

Battered by rising petrol prices and despairing of the ability of politicians to ease their pain, Americans are turning to the one figure they think can help - God.

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OPEC warns against military conflict with Iran

The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.

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Crude Oil Recovers a Penny

Oil-producing nations provided a mixed bag for traders. Iran tested missiles, increasing tensions, butRoyal Dutch Shell PLC said it restored some Nigerian production shut in the last month by militant attacks.

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Gas Prices Spur Drivers to Cut Use to Five-Year Low

The weaker demand, combined with plentiful gasoline supplies, could eventually lead to lower prices at the pump.

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Oil’s Climb Defies Saudi Bid To Talk Prices Down

"For the moment, the market is still preoccupied with the question: How high can it go?" said Tim Evans, an energy analyst at Citi Futures Perspective in New York.

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Oil’s Rapid Rise Stirs Talk of $200 a Barrel This Year

Oil's historic ascent from $100 to nearly $150 a barrel in just six months is lending weight to a far grimmer prediction: Crude could reach $200 a barrel by the end of the year.

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Gas Stations Hit Skids

...the state of the market doesn't bode well for anyone trying to exit the gas-retailing business, be they one-store owners or energy giant Exxon Mobil Corp. Last month, the company said it plans to sell its 2,220 stations in the U.S.; other oil companies already have shed most of theirs.

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Oil prices: Warning of 20p a litre rise for petrol

Crude prices retreated by around a dollar a barrel yesterday but were still just under $145 a barrel, with many predicting they will soon push above $150.

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The dark side of oil

On June 17, CBS Evening News televised a segment called "The Dark Side of Oil," in which the network named companies that make up the Intercontinental Exchange, an oil futures market speculation group that operates out of London to circumvent U.S. regulation.

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Oil price: Slump in motor sales raises fears for viability of Detroit’s car industry

Fears are mounting over the financial stability of struggling US carmakers...

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Cost of fuel may rise soon as gas price hits record

The price of gas is closely linked to oil, which remained close to a new record of nearly $144 a barrel yesterday.

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Oil’s Latest Record: $140.21

The trifecta of skyrocketing crude-oil prices, slumping stocks and a weaker U.S. dollar haunts global markets...

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Gas could fall to $2 if Congress acts, analysts say

There has been much discussion recently about how big a role speculators have been playing in the sharp rise in energy prices, though no consensus has emerged on this point.

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Solution to the Global Petroleum Crisis

Rising petroleum prices may plunge the world into a global recession. Here’s what to do about it.

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Congress Looks for a Culprit for Rising Oil Prices

Until recently, lawmakers had focused on the traditional suspects: oil companies and the Organization of the Petroleum Exporting Countries. But increasingly, they are casting a suspicious eye on the role of investors, including speculators, in driving up prices.

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Oil Is Little Changed After Rising on Nigeria Supply Disruption

Attacks on a Royal Dutch Shell Plc platform and a Chevron Corp. pipeline last week halted 300,000 barrels a day of Nigerian output. The country's white-collar oil union began a strike against Chevron today that may stop as much as 350,000 barrels a day

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Oil Speculation Draws Scrutiny

WASHINGTON -- Lawmakers eager to curb speculation in oil markets got support Monday from witnesses who told a House subcommittee that oil prices could fall sharply if Congress put strict limits on trading in energy futures by investment banks, pension funds and other financial investors.

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Opec rift fuels new fears for oil prices

Fears that the price of oil could reach new highs in the coming weeks have intensified following the emergency meeting of the world's oil powers in Saudi Arabia.

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Oil price rises despite Saudi Arabia’s pledge

Jeroen van der Veer, chief executive of oil giant Royal Dutch Shell, agreed that there would be no "silver bullet" solution to curb spiralling oil prices. "What I've heard so far are basically all good ideas, but it will probably not change the price tomorrow morning," he added.

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Comment by former Shell executive Paddy Briggs: For once I (sort of) agree with Jeroen

High Prices lead to high profits. High profits lead to high director remuneration. QED - ’tis in the interest of the high priced help in Shell (etc.) to keep the oil price high -whatever they may say!

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A handful of US senators are convinced that London is a hotbed of speculation in oil markets…

A handful of US senators are convinced that London is a hotbed of speculation in oil markets and that traders might be using London's less tightly regulated markets to speculate in a way that is contributing to record oil prices.

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Will $4 Gasoline Trump a 27-Year-Old Ban?

One was an oilman from Texas, the other a high-paid energy executive. Despite that, or perhaps because of it, for seven years George W. Bush and Dick Cheney have been unable to persuade Congress and the public that domestic oil drilling is an answer to America’s energy needs.

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Limits imposed on overseas oil trading

Walt Lukken, acting chairman of the Commodity Futures Trading Commission, said the environment was "ripe for those wanting to illegally manipulate the markets"

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Oil Giants Try to Deflect Gas-Price Fury

One of the Exxon ads flashes an image of a windmill, crops and the sun, evoking a triptych of alternative energy: wind, biofuels and solar power.

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Have U.S. Drivers Reached Filling Point of No Return?

It took some time, but Americans are responding to rising energy costs by driving smaller cars and cutting back on miles they log on the road.

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Oil Falls Back After Almost Hitting $140

After rising 40% this year, some observers wonder how much higher crude can go before prices cripple consumption.

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Oil hits another peak despite talk of higher output

Oil surged to a record of almost $140 a barrel yesterday as traders brushed aside reports that Saudi Arabia planned to increase production in order to cool down the market.

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Oil price near new high of $140 despite Saudi pledge on production

Global oil prices have doubled since last year and have quadrupled since 2003. A decade ago, it cost $10 a barrel.

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Oil prices are world’s biggest worry, Gordon Brown warns

Gordon Brown has warned that the sharply rising oil price is "the most worrying situation in the world" after it hit a new record high.

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Oil price edges closer to $140 a barrel

Richard Savage, head of energy research for Mirabaud, the Swiss bank, said: “This increase won't help bring prices down. If anything, it has made people slightly nervous because the rise is so small that it makes you wonder how close to capacity the Saudis now are. There is a sense of: ‘Is this all they can really do?'”

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Quest for Oil: Where to Look Is the Question

The oil industry is turning up the heat on Congress to open up more federal land to oil and natural-gas drilling...

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Perhaps the majors should be taking down their signs completely?

You might think that with petrol in the US now costing more than $4 a gallon – $1 more than a year ago – it would be a great time to be selling the stuff. So why isExxonMobil choosing now to dispose of its 2,200 company-owned service stations?

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Saudi Arabia increases oil output after UN pressure

Saudi Arabia has offered to increase oil production, as the world’s biggest oil exporter moves to address global fears that prices are spiralling out of control, it emerged yesterday.

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Obscene gas prices hurt consumers

Gas is getting so expensive that they have to conserve it or else cut into their budget somewhere else, like with food,"...

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Demand Growth, Not Speculators, Behind Oil-Price Surge, U.K. Says

The recent rise in prices of oil and other commodities isn't being driven by speculation, but rather by supplies not keeping up with rising demand, the British government said.

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