A D.C. Council effort to break up what some members call a near monopoly of the local gasoline market has stalled as a result of aggressive lobbying on behalf of Eyob “Joe” Mamo — whose company owns, operates or supplies 164 stations in the Washington area. As the primary owner in Capitol Petroleum Group, Mamo has built a regional powerhouse in the fuel market, netting $778 million in revenue last year. And in May, as area gas prices soared past $4 a gallon, council member Mary M. Cheh (D-Ward 3) sponsored antitrust legislation to break Mamo’s grip in the District by banning wholesalers from also owning retail service stations. Read full article > >

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D.C. gas mogul Joe Mamo finds increasing support of business model from council

Irish budget airline Ryanair reports an increase in annual profit of 23%, but warns of the impact of higher fuel prices.

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Ryanair sees profit rise strongly

TOKYO — One of the reactors at Japan’s crippled nuclear power plant has been damaged more severely than originally thought, officials said Thursday — a serious setback for efforts to stabilize the radiation-leaking complex. Repairs to monitoring equipment revealed the new data, which also showed that the water level in the core of Unit 1 at the Fukushima Dai-ichi plant is much lower than previously thought, leaving the portion of the fuel rods still intact fully exposed. Other fuel has slumped to the bottom of the pressure vessel and is thought to be covered in water. Read full article > >

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New data show greater-than-expected damage to 1 reactor at Japan’s nuke plant

Japanese authorities say high radiation readings from one of the spent fuel pools at the Fukushima Daiichi nuclear power plant may be caused by radioactive debris from outside rather than from damage to the fuel rods inside.

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Japan: Debris causing high radiation?

Toshiba, the maker of Japan’s stricken Fukushima Daiichi nuclear plant, says it can decommission the station in 10 years. Toshiba says it would remove the fuel rods from the reactor and storage pools and demolish the plant. Meanwhile, Tokyo Electric…

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Nuke Plant Can Be Decommissioned in 10 Years

The windfall tax on oil firms announced in the Budget will not be passed on to motorists in higher fuel prices, George Osborne insists.

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Osborne to watch fuel ‘like hawk’

Chancellor George Osborne cuts the fuel duty and halts planned rises, but earns oil industry ire over higher North Sea taxes.

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Oil industry ire at fuel tax deal

Chancellor George Osborne says he is considering cancelling the fuel duty increase due in April.

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Osborne considering fuel rise axe

Car manufacturer Toyota is recalling nearly 19,000 cars in the UK over concerns over possible problems with their fuel systems.

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Toyota recalling 19,000 UK cars

Shares in Easyjet sink more than 13% after the budget airline warns higher fuel costs could double half-year losses.

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Easyjet hit by higher fuel costs

David Cameron says he is looking at a way to “share the risk” of higher fuel prices between government and drivers.

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PM looking at fuel tax changes

Immigration and economy fuel Spanish anxiety

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Change in Spain

A pilot who crashed his light aircraft into a tree underestimated the fuel needed for his flight, investigators find.

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‘Biggles’ pilot made fuel error