Topic: Sunoco Inc.

All Content

Oil prices drive Delta Air Lines to buy its own refinery. Will that work?

Delta Air Lines wants to better control the cost of refining oil for jet fuel. The cost savings won't be enormous, but in such a competitive industry, every little bit helps.
Spain enters recession; Dow and S&P 500 fall

Spain reentered a recession Monday, renewing fears about Europe's economic stability and sending stocks lower. The Dow fell 14 points to close at 13213; the Standard and Poor 500 index had its first monthly loss since November.
Sunoco to be sold for $5.3 billion

Sunoco Inc. will be sold to natural gas company Energy Transfer Partners in a deal valued at about $5.3 billion. Sunoco had been looking to exit the refining business prior to the deal.
Why gasoline could be in short supply this summer on East Coast

If Sunoco shutters a big oil refinery in Pennsylvania, gasoline to make up for the lost supply will need to be shipped to the East Coast from the Gulf coast or from Europe – and it will be a logistical nightmare to get it there.
The New Economy
Gas prices too high. Blame India?

Gas prices are rising partly because demand is rising in the developing world. Unlike fluctuating tensions in the Middle East, rising world demand will keep pushing gas prices higher.
John Allen Muhammad, D.C. sniper, loses Supreme Court appeal

The Supreme Court on Monday refused to block John Allen Muhammad's execution, scheduled for Tuesday in a Virginia prison.
Will cheaper gas nix energy reforms?

If prices keep dropping, the next president may find it harder to ease the US off foreign oil.