Calumet Specialty Products posts $56M quarterly loss
The Indianapolis-based company, which makes specialty hydrocarbon and fuels products, said it is seeing business conditions improve compared with earlier months of the pandemic.
Fuel
Articles
Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Airport chief hopeful rising fuel costs won’t slow momentum
Indianapolis International Airport has been on a roll in recent years, seeing strong increases in passenger traffic and direct flights. But now jet-fuel prices are on the way up, threatening to slow the airport’s progress.
Celadon drivers finally getting their checks from $4.2M judgement
About 2,400 independent drivers for Indianapolis-based Celadon Trucking Services Inc. are seeing the results of a class-action judgment that found the drivers were overcharged for their fuel purchases.
Tax hike helps fuel big jump in Indiana gasoline prices
Indiana is heading into the Memorial Day weekend tied with California for the largest gas price increase in the United States over the past year.
Kinetrex plans third natural-gas plant to meet exploding customer demand
Kinetrex Energy, which distributes liquid natural gas, has roughly doubled its workforce to 40 people. and pushed from its core market—trucking companies—into agriculture, power generation, asphalt production and other sectors.
Buffett’s firm to buy majority of Pilot Flying J truck stops
Warren Buffett's company is acquiring a major stake in Pilot Travel Centers LLC, which operates numerous truck stops in central Indiana.
Harvey could have deep impact on oil supplies, U.S. economy
Massive flooding caused by Tropical Storm Harvey along Texas' refinery-rich coast could have long-standing and far-reaching consequences for the state's oil and gas industry and the larger U.S. economy.
Indiana gasoline tax set to start over holiday weekend
Indiana’s gas tax will increase by 10 cents a gallon under House Enrolled Act 1002, which goes into effect Saturday. The tax will jump from 18 cents to 28 cents a gallon.
45 Indiana taxes, fees increased during legislative session
The increases affect everything from notary services to teacher background checks to fuel prices, such as a 10 cents-per-gallon gasoline tax increase starting July 1.
Cost of cleanup at Noblesville museum site could reach six figures, city says
Indiana environmental officials believe contaminants recently found on the site of the Indiana Transportation Museum are oil-based but don’t think an emergency response is needed.
Local wiener eatery hawking franchises for convenience stores
King David Dogs is pursuing growth through gas stations and travel plazas by franchising kiosk-sized versions of its downtown restaurant, known for its quarter-pound, all-beef hot dogs.
Trump administration approves Keystone XL pipeline
The Trump administration issued a permit Friday to build the Keystone XL pipeline, reversing the Obama administration and clearing the way for the controversial $8 billion project to finally be completed.
U.S. gas prices jump 6 cents over two weeks
The hike mostly results from an agreement Nov. 30 by major oil-producing countries to slash output.
Low fuel prices tank Allison’s hybrid-transmission line
Allison’s hybrid bus transmission sales have tanked, and the company says it’s postponing production of hybrid truck transmissions until market conditions improve.
CountryMark revenue drops 40 percent as oil prices plunge in last two years
After a six-year run-up for the Indianapolis-based oil refiner that saw its revenue nearly double, the company has eliminated about 25 jobs, 2 percent of its workforce, in recent months.
County council to decide fate of EnerDel tax break
Hancock County officials are set to terminate a tax incentive agreement with EnerDel Inc., the once-heralded battery maker with big plans that since has vacated its facility in the county.
EPA’s plan to boost ethanol use in gasoline gets hearing
Ethanol advocates, largely from Midwest farming states, testified that the Environmental Protection Agency's target for biofuels next year again falls short of what Congress had in mind.
Ethanol ‘train wreck’ seen getting worse with record supply
Record stockpiles of ethanol are forcing some biofuels producers into the ranks of energy companies that are slowing operations in the face of $30-per-barrel crude oil.
UPDATE: House panel OKs road bill with tax increase
A measure that would finance improvements to Indiana's transportation infrastructure by raising cigarette and gasoline taxes was approved by a House transportation committee Wednesday.