By local and wire sources
Ethanol-free gas returns to Fuel Dock
The Fuel Dock at Honokohau Harbor has brought back ethanol-free gasoline for small engine owners and boat operators in Hawaii. Aloha Classic Gasoline, or E-0, is now available for fueling at the Fuel Dock.
Since April 2006, 99 percent of Hawaii’s gasoline sold contained 10 percent ethanol, although boaters and small engine operators have complained of damage and losses due to the new blend of gasoline causing problems with equipment. Boaters in particular, have reported the blended gasoline causes a breakdown of the resin coating in fiberglass fuel tanks in older boats.
Although newer automobiles appear unaffected by ethanol-blended gasoline since it has been on the market, many of the simpler engines in Hawaii seem to be affected adversely, evidenced after a year of virtually exclusive use.
Bob Maynard, president of Aloha Petroleum, made the decision to place ethanol-free gasoline back on the market as Aloha Classic Gasoline, or E-0, in response to numerous requests from boaters.
“It has become clear to us that Hawaii’s boaters want and need an alternative to gasoline blended with ethanol. Now we can better serve our customers without running afoul of the state ethanol blending requirements,” Maynard said.
Aloha Classic Gasoline is rated 89-octane and contains a detergent additive. The classic gasoline will only be offered at the Fuel Dock at Honokohau Harbor. Anyone can purchase Aloha Classic Gasoline for use in lawn mowers, boats, cars, trucks and recreational vehicles, Maynard said.
SYDNEY, AUSTRALIA
Qantas shareholders reject takeover bid
Shareholders apparently rejected an $8.9 billion bid to buy Qantas on Friday, the bidders said, scuttling one of Australia’s biggest corporate takeover attempts.
Airline Partners Australia, led by Australia’s Macquarie Bank and Fort Worth, Texas-based TPG Inc., formerly the Texas Pacific Group, said it appeared to have fallen short of the minimum number of shares it needed by a deadline of Friday evening to keep the deal alive.
APA needed 50 percent acceptances by the Friday deadline to get a two-week extension on its offer of 5.45 Australian dollars a share for the iconic company known as the Flying Kangaroo.
It needed 70 percent acceptances for its financial package of loans to kick in and the deal to go ahead.
By local and wire sources