crude oil

Don Rush

With the summer over there’s good news on gas front.

The price of a gallon of gas has dropped below the $3 mark at some Lower Shore gas stations.

Over the last month the price of a gallon of gas has declined by 21 cents.

If the trend continues it could find gas prices 40 cents lower.

The Salisbury Daily Times reports that there has been a sell-off of crude oil which is expected to push down the November delivery wholesale prices in the U.S.

AAA Mid-Atlantic says the decline is usual for this time of year with the transition to cooler weather.

PBF Eneregy

DOVER, Del. (AP) - A state panel is set to hear a high-stakes appeal by environmentalists of an air pollution permit issued to PBF Energy's Delaware City oil refinery.

The permit granted by Delaware's environmental secretary in May involves the loading of crude oil onto barges for shipment to another PBF refinery in Paulsboro, N.J. 

That operation is part of a larger transfer operation in which PBF brings crude oil by rail from various sources, including tar sands oil from Canada, to a new rail loop near Delaware City that can accommodate hundreds of tanker cars each week.