09252018Tue
Last updateMon, 24 Sep 2018 8pm

i

Gas Prices Have Risen, But They Might Not Go Much Higher

The weeks leading up to Memorial Day, the unofficial start of summer, have seen the national average price of unleaded gasoline rise from $2.05 to $2.07 to $2.21 to $2.31 to $2.36, a nearly 15 percent jump in four weeks, according to the AAA motor club.

"Typically, gas does make its biggest move in the April to May period," said Brian Milne, an analyst with DTN, an Omaha, Neb.-based research firm.

Source: Associated Press

View Full Article


Idle Capacity Comes To Rescue in Sunoco Refinery Fire

A fire is burning out on Monday at a Sunoco Inc. oil refinery on the Pennsylvania-Delaware border, but any immediate shortfall to gasoline and diesel production is expected to be mitigated by idle processing capacity.

An explosion late Sunday sparked the fire at the ethylene complex at Sunoco's 178,000-barrel-a-day refinery in Marcus Hook, Pa. Ethylene is a chemical byproduct of the process that converts crude oil into transportation fuels.

Source: Dow Jones

View Full Article

 

 

 

China's Oil Processing Capacity to Increase 18% by 2011

China plans to raise its annual crude oil processing capacity to 405 million tons by 2011, the State Council, or the Cabinet, said on Monday in its restructuring and stimulus plans for the petrochemical industry.

That would represent an increase of about 18.4 percent over its processing volume last year, which topped 342.1 million tons, according to the January figures from the National Bureau of Statistics.

Source: China View

View Full Article

 

 

Stimulus Report Card: Some Hits, Some Misses

President Obama declared last month that his $787 billion stimulus bill was "starting to work," citing the funding of roughly 2,000 transportation projects that will help create or save 150,000 jobs from New Jersey to California by the end of next year.

In all, President Obama has said the recovery plan will lead to the creation or salvation of more than 3 million jobs "all across the country" and jumpstart the economy.

Source: FOX News

View Full Article

 

 

Construction Starts Drop 3% in April

Reed Construction Data announced that the year-to-date value of construction starts through April 2009, excluding residential contracts, totaled $75.7 billion, 3.4% less than in the same period in 2008. Starts fell 8% from March and were 38% below last December. The volume decline is greater than 38% because bid prices have inched lower and April is typically a seasonally stronger month than December.

Source: Reed Construction Data

View Full Article

 

 

Subscribe SUM18

FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products