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New gasoline capacity to crunch Asian refiners' profits
By Seng Li Peng SINGAPORE (Reuters) - A surge in gasoline prices in Asia, buoyed by a recovery in Japanese demand to a two-year high, will end soon as refineries in China, India and Taiwan bring on new capacity and boost supplies of the automotive fuel. Besides the new capacity, factors set to offset the rise in fuel demand in Japan, the world's third-biggest oil consumer, include Asian plants
By Seng Li Peng SINGAPORE (Reuters) - A surge in gasoline prices in Asia, buoyed by a recovery in Japanese demand to a two-year high, will end soon as refineries in China, India and Taiwan bring on new capacity and boost supplies of the automotive fuel. Besides the new capacity, factors set to offset the rise in fuel demand in Japan, the world's third-biggest oil consumer, include Asian plants
UPDATE 2-India gasoline price increase trimmed after furore
* Retail gasoline prices cut by 2.02 rupees/litre from Sunday
* Retail gasoline prices cut by 2.02 rupees/litre from Sunday
REFILE-UPDATE 2-India gasoline price increase trimmed after furore
to clarify Delhi state govt's tax cut not implemented yet)
to clarify Delhi state govt's tax cut not implemented yet)
Americans grew gloomier about the economy in May
Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.
Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism.
Driving season begins, as does griping about gas
It's Memorial Day weekend and our national obsession with the price of gasoline is in focus once again.
It's Memorial Day weekend and our national obsession with the price of gasoline is in focus once again.
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