Gasoline Industry

By Brendan O'Brien MILWAUKEE, Wis. May 17 (Reuters) - Retail gasoline prices hit all-time highs on Friday in several U.S. Midwestern cities due to maintenance and outages at refineries in the region resulting in a tightening of supplies, according to...

Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players — Tesoro and...

* Consumer sentiment rebounds in May, highest since July 2007 * Leading indicators rises more than expected in April By Leah Schnurr NEW YORK, May 17 (Reuters) - U.S. consumer sentiment rebounded in early May to the highest level in nearly six years,...

(Reuters) - U.S. consumer sentiment rebounded in early May to the highest level in nearly six years, an encouraging sign after recent data that has suggested economic growth is cooling. A gauge of future economic activity released on Friday also...

Summer is coming. The long Memorial Day weekend is just two weeks away and, of course, average gasoline prices in California are back up above $4 a gallon. On Friday, the average price of a gallon of regular gasoline in California was $4.062, up 7.6...

* Consumer sentiment rebounds in May, highest since July 2007 * Leading indicators rises more than expected in April By Leah Schnurr NEW YORK, May 17 (Reuters) - Americans felt better about their economic and financial prospects in early May as...

NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is...

* U.S. claims rise sharply in latest week * Housing starts drop more than expected in April * Inflation data points to softer demand in economy By Jason Lange WASHINGTON, May 16 (Reuters) - The U.S. economy showed worrisome signs as jobless claims rose...

HOUSTON (Reuters) - A slowdown in U.S. inflation was benign and could "unleash" consumer spending, Dallas Federal Reserve Bank President Richard Fisher said on Thursday, adding that he was not worried about the risk of deflation. "If you look at CPI...

Falling gas prices caused U.S. consumer prices to drop at the fastest rate in four years. The Labor Department said on Thursday its Consumer Price Index slipped 0.4 percent. Analysts had expected a more modest 0.2 percent decline in last month's prices....

WASHINGTON (Reuters) - The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. Other data on Thursday showed a spike...

* U.S. factory output shrinks in April * New York state manufacturing activity contracts in May * Producer prices fall 0.7 percent in April * Wholesale price drop largest in three years By Lucia Mutikani WASHINGTON, May 15 (Reuters) - U.S. factory output...