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Oil & Energy News

Tuesday, March 5, 2013

Oil & Energy News

Drivers may soon find relief at the gas pump

It may not be fast enough for some consumers, but the drop in pump prices is accelerating. Retail gasoline prices are down a penny overnight to $3.74 a gallon for the national average on Tuesday, which is down 3 cents from a year ago.






Monday, March 4, 2013

Oil & Energy News

US oil and gas boom takes many by surprise
U.S. oil production is at its highest level in 20 years, while at the same time U.S. oil demand is at a 17-year low.



Tuesday, February 26, 2013

Oil & Energy News

Gas price spikes don't leave lasting damage

Here's why the worries about the recent run-up in gasoline prices – including those of Fed  chairman Bernanke – may be overblown.






Thursday, February 21, 2013

Oil & Energy News

Next oil boom could be beneath Calif. farmland
Thousands of feet below some of the nation's most fertile farmland could be 15.4 billion barrels of crude oil.



Tuesday, February 12, 2013

Oil & Energy News

Report: US on fast-track to energy independence

U.S. oil and gas production is evolving so rapidly — and demand is dropping so quickly — that in just five years the U.S. could no longer need to buy oil from any source but Canada, according to a new report.






Friday, February 8, 2013

Oil & Energy News

Gas shortages as snowstorm gives Sandy flashbacks

Batten down the hatches, it’s time for a stormy re-run. Not of wind and heavy precipitation and threats of flooding, but of long lines at gas stations.






Monday, February 4, 2013

Oil & Energy News

Rising gas prices hitting Americans in the wallet

With pump prices at their highest level on record for this time of year, the stage is set for a even greater climb in gasoline prices and expenditures than in 2012.






Friday, February 1, 2013

Oil & Energy News

Gasoline at highest price ever for this time of year

U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year.






Sunday, January 13, 2013

Oil & Energy News

Gas prices rise 6 cents; first time since October
The average price for a gallon of regular gasoline in the United States rose in the last three weeks for the first time since early October, as U.S. refineries passed on the cost of higher crude oil prices, according to a widely followed survey released on Sunday.



Monday, December 17, 2012

Oil & Energy News

Gas prices drop below $4 a gallon
Gas prices have slid to the lowest prices of the year. The national average retail gasoline price on Monday is the cheapest it has been during 2012 — just shy of $3.25 a gallon, according to AAA and Oil Price Information Service.



Tuesday, December 11, 2012

Oil & Energy News

5 states with the cheapest gas

Concerns about global economic weakness have pushed crude oil prices down in recent weeks. The decline was seen in gas prices, too.






Monday, December 10, 2012

Oil & Energy News

Gas tumbles almost 10 cents a gallon in 3 weeks
The average price for a gallon of regular gasoline in the United States fell nearly a dime over the past three weeks, following a drop in crude oil prices and as refineries increased output, according to a widely followed survey released on Sunday.



Monday, November 19, 2012

Oil & Energy News

Californians can now fill up on algae-based biodiesel
No, you can’t simply pump the green scum that forms on your swimming pool into your gas tank, but motorists in the San Francisco area now can fill up on a new biofuel derived from algae.



Monday, November 12, 2012

Oil & Energy News

NJ to end odd-even gas rationing
New Jersey will discontinue odd-even gas rationing Tuesday at 6 a.m. The order was put into place Nov. 3 by Gov. Chris Christie to help ease frustration and long lines at the pump following Superstorm Sandy.

U.S. to overtake Saudi Arabia as top oil producer
The United States will overtake Saudi Arabia and Russia as the world's top oil producer by 2017, the West's energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency.



Tuesday, November 6, 2012

Oil & Energy News

Gas shortages lead to gray market even as lines shrink

Shorter but persistent lines at gas stations in the Northeast and sporadic closures have led to a gray market for fuel on Craigslist, with prices for delivery of a five-gallon container ranging from $30-$100 Tuesday.






Monday, November 5, 2012

Oil & Energy News

As Northeasterners line up for gas, prices dip
In the wake of Superstorm Sandy, how come there's long lines at the pumps in the Northeast, but gas prices are actually down twenty-one cents across the country?

Gas still hard to come by; N.Y. probes gouging

A week after Superstorm Sandy swept ashore, drivers continued to face long gas lines and frustration as authorities worked to restore the complex supply network.






Sunday, November 4, 2012

Oil & Energy News

Gas prices plunge, partly due to Sandy
The average U.S. price for a gallon of regular gasoline took its biggest drop since 2008 in the past two weeks, due to lower crude oil prices, a big price drop in California and Hurricane Sandy.

Fuel shortage expected to last for days, Cuomo says
The fuel shortage that has led to long lines and short tempers across much of the Northeast is likely to continue for at least several more days, New York Gov. Andrew Cuomo said Sunday.






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