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7-Eleven Ordered to Sell 293 Speedway Stores

7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.

June 25, 2021

Congress Reinstates Obama Methane Rule for Oil, Gas Wells

The House voted June 25 to rescind a Trump-era rule blocking the Environmental Protection Agency from directly limiting oil industry emissions of the powerful greenhouse gas methane, a move that would restore requirements imposed by the Obama administration while freeing the agency to craft new more stringent rules for the oil and gas industry.

June 25, 2021

Labor, Food Shortages in Supply Chain Take Toll on Restaurants

For many restaurateurs across Connecticut, daily deliveries of food have become inconsistent, later than usual and sometimes canceled at the last minute. Part of the problem is a shortage of staff at food purveyors and trucking companies.

June 25, 2021

Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel

The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements.

June 25, 2021

Consumer Spending Flat in May

WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.

June 25, 2021

US Economy Grows 6.4% in Q1

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

June 24, 2021

Key US Oil Storage Hub Seen Depleting as Producers Hold Tight

Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.

June 24, 2021

Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal

President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

June 24, 2021

US House Highway Bill Includes $1 Billion in Truck Parking Grants

WASHINGTON — Funding to expand parking facilities for truck drivers around the country is included in comprehensive highway policy legislation expected before the U.S. House of Representatives during the week of June 28.

June 24, 2021

US Goods-Trade Gap Widens More Than Forecast as Imports Rise

The U.S. merchandise-trade deficit widened more than forecast in May as the value of imports rose to near-record levels and exports declined.

June 24, 2021