UCAN

The San Diego Center for Algae Biotechnology, or SD-CAB, could be a serious threat to the oil industry. Algae is an alternative source for gasoline, diesel and jet fuel, and a huge income opportunity for San Diego citizens. How? By harnessing the power of algae, we will soon be producing gasoline for as little as $2 a gallon. Full Story

UCAN - On Friday, April 3rd, the Ninth District Court of Appeals ruled that a lawsuit against Arco/British Petroleum can proceed. San Diego attorney Tim Cohelan says he can prove that oil refineries routinely trade supplies with each other in order to manipulate and control the street price of gasoline. More.

Gas prices have surged 10¢ a gallon in the last 4 days. Now, an enforcement action by appointed bureaucrats at an obscure government agency could eliminate California's toughest gasoline retailers overnight and force prices higher. Bluntly, the government's good intentions will drive some of California's best gas stations down a highway to Hell. Full Story.

UCAN's FUELTRACKER: With gas prices more or less stable at $2.18 a gallon in San Diego, the Department of Energy reported a huge and completely unexpected build in gasoline inventories this morning. And even though the supply is up, gas prices are likely to climb. More.

Here's a summary of the renewable energy provisions in the recently passed Stimulus bill compiled by ACORE. Most notable for some consumers is that the bill increases the tax credit for qualified plug-in electric drive vehicles for the first 200,000 placed in service. The base amount of the credit is $2500. Batteries with at least 5 kilowatt hours of capacity have a credit of $2917. The credit cannot exceed $5000

The oil lobby has finally figured out how to tax drivers for using less gasoline. Here are eight good reasons why this "per mile" tax stinks worse than a highway road-kill on a hot August day.  Read the Blog.

BLOOMBERG NEWS: Gasoline production in California is down 26% compared to last year, with the lowest production figures in 5 years. Refineries are shutting down to restrict supply, and some are simply going bankrupt. UCAN's gasoline analyst Charles Langley says that the bankruptcy of Flying J's Bakersfied refinery is bad for competition. FULL STORY.