Energy Sector

Energy Transfer Partners LP to Replace CFO; Shares Drop

Energy Transfer Partners LP to Replace CFO; Shares DropEnergy Transfer Equity's share price took almost a drop of one-third and the reasons are quite a few.

Gasoline Continues to be Cheaper in the U.S as Refiners Flush Out Winter Grade Stocks

Gasoline Continues to be Cheaper in the U.S as Refiners Flush Out Winter Grade StocksThe crude oil glut continues and so do the lower gasoline prices at the pumps in the United States. Refiners flush out winter-grade stocks in order to get ready for further expensive blends in summer.

Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear Plant

Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear PlantOn Friday, the officials of Indian Point in Buchanan reported a leak at the facility which contaminated the groundwater underneath the facility, with highly radioactive tritium.

Gov. Andrew Cuomo has called for an investigation. However, the nuclear regulators say that the health of the public is not at risk.

Recent Lundberg Survey Shows Average Price of Gas in the United States Fell 8.2 cents in Two Weeks

Recent Lundberg Survey Shows Average Price of Gas in the United States Fell 8.2 cents in Two WeeksIn the last two weeks, average gallon of gasoline prices have dropped across the United States by 8.2 cents reaching its lowest level noted in the last seven years. On Sunday a Lundberg survey released also showed that the price of regular grade gas dropped to approximately $1.82 a gallon, in the survey conducted on February 5, compared to $1.91 on January 22.

Price of Gasoline Continues to Slip in the United States

Price of Gasoline Continues to Slip in the United StatesAlthough, oil prices rose in the past week, but gas prices in the U.S continued to drop at a rate of almost half cent a day.

Countrywide, gas was least expensive in Oklahoma with Arkansas following the trend. National average remained below $2 a gallon for one month. On Monday, the average price of regular unleaded gas per gallon was $1.49 in Oklahoma and $1.58 in Arkansas.

Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows Down

Consumer Spending Remained Flat in December and U.S. Manufacturing Activity Slows DownA strong dollar and dropping oil prices resulted in slowing manufacturing activity in the US as it contracted for the fourth consecutive month in January. Energy firms trying to cope with low oil prices have opted for huge spending cuts but now the pace of decline seems to be slowing down.

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