Tag: Gasoline

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Alimentation Couche-Tard Inc. agreed to divest up to 71 retail fuel stations with convenience stores to Empire Petroleum Partners in order to settle charges that ACT’s proposed $4.4 billion acquisition of competitor CST Brands, Inc. would violate federal antitrust law. The divestiture...
The Federal Trade Commission has issued its 2016 Report on Ethanol Market Concentration, an annual report required by the Energy Policy Act of 2005 “to determine whether there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.”
The Federal Trade Commission has granted Gilbarco Inc. and other ethanol flex fuel retailers a partial exemption to its Fuel Rating Rule labeling requirements. Specifically, the exemption permits retailers to reduce slightly the required label size when disclosing the ethanol content of ethanol...
The Federal Trade Commission has extended the deadline for submitting public comments on proposed changes to the Fuel Economy Guide. Adopted in 1975, the Guide (formally, the “Guide Concerning Fuel Economy Advertising for New Automobiles”), helps advertisers avoid making unfair and deceptive claims.
The Federal Trade Commission is seeking public comment on proposed changes to the Fuel Economy Guide. Adopted in 1975, the Guide (formally, the “Guide Concerning Fuel Economy Advertising for New Automobiles”), helps advertisers avoid making unfair and deceptive claims.
ArcLight Energy Partners Fund VI, L.P., agreed to divest its ownership interest in four light petroleum product terminals in Pennsylvania, to settle charges that ArcLight’s acquisition of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc., would likely be...
The Federal Trade Commission has announced final amendments to its Fuel Rating Rule. The Rule determines the fuel rating that appears on fuel pump labels, how octane levels are calculated, and helps drivers make informed decisions about what fuel to use when they fill up their vehicles.
The Federal Trade Commission has issued its 2015 Report on Ethanol Market Concentration, an annual report required by the Energy Policy Act of 2005 “to determine whether there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.”
This paper analyzes factors that affect the exit and expansion of U.S. petroleum refineries using plant-level capacity data from 1947 to 2013. We find that larger refineries are less likely to close and that refineries owned by a multi-plant firm are more likely to close. If a multi-...
This paper studies Tesoro’s 2013 acquisition of British Petroleum’s Los Angeles refinery. We present a merger simulation model tailored to the gasoline market, which includes Cournot firms and a price-taking fringe. This hybrid model generates margins that are more plausible than...
Some will remember 1976 as the year of the nation’s bicentennial, but it was also the year that Congress gave the antitrust agencies an important tool to prevent harmful mergers before the harm occurs and before the assets and operations of the merging parties are joined in a way that...
The market for fuel ethanol in the United States is unconcentrated, and the industry is less concentrated today than it was ten years ago, according to the Federal Trade Commission’s 2014 Report on Ethanol Concentration.
This paper considers a previously unexamined increase in excise taxes on gasoline and diesel fuel that were part of Washington State’s Nickel Funding Package of 2003.  We fail to reject full pass-through of the amount of the tax increase to retail prices in both products.  We find no...
This paper considers the effects of refinery outages (due to planned turn-arounds or unplanned events) on current petroleum product prices and future refinery investment. Empirical evidence on these relationships is mixed and highly dependent on the size and duration of the outage,...

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