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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: gasoline prices

gasoline prices stories: 9 news summaries
MARKETS

 Dow Off 15 Despite Retail News 


May 22, 09 3:13 PM CDT
(Newser) - A strong retail sector and defensive buying ahead of the holiday weekend couldn’t correct a general malaise that left markets down slightly today, the Wall Street Journal reports. Sears was up 12% on a Q1 profit. Little movement in financials was welcome to some who believe the sector is... More »

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NASDAQ • New York Stock Exchange • Dow Jones • financial sector • Sears • S&P 500 • Memorial Day • gasoline prices • holiday weekend

RETAIL SALES

 No Christmas  
 Miracle for Retailers 


Even luxury sector sales in free fall

Dec 26, 08 1:57 AM CST
(Newser) - It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same months last year. Luxury goods,... More »

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recession • Macy's • luxury goods • holiday • retail sales • Christmas • Neiman Marcus • Victoria's Secret • MasterCard Advisors • Circuit City • e-commerce • gasoline prices • ShopperTrak RCT Corp. • J.C. Penney Co

 Gas Hits 5-Year Low 

$1.66 a gallon average is cheapest since February 2004

Dec 21, 08 7:06 PM CST
(AP) - The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released today. The average price of regular gasoline Friday was $1.66 a gallon. The price of mid-grade was $1.80... More »

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energy • gas • gas prices • gasoline prices

(Newser) - OPEC has approved a cut in output of 2.2 million barrels of crude a day, the largest reduction ever, MSNBC reports. The consortium believes that stabilizing prices now by decreasing supply will guard against a price spike when consumer confidence increases. OPEC’s monthly report predicts that demand will... More »

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OPEC • recession • crude oil • oil production • oil prices • gasoline prices • economic downturn • reduction

ANALYSIS

How Cheap Gas Hurts Green Initiatives, Feds' Bottom Line

Driving less not great for gov't coffers

Nov 24, 08 9:15 AM CST
(Newser) - Americans are driving less and burning less fuel, but it could be too soon for conservation fans to celebrate. That dip, and global economic gloom, has sent oil and gas prices spiraling down, Joseph White writes in the Wall Street Journal, depriving the government of taxes it needs for transportation... More »

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Barack Obama • conservation • gas prices • oil price • gas tax • Department of Transportation • financial crisis • gasoline prices • President Obama

 Gas Prices Plummet Below $2 

But low cost fuel isn't getting more people on the road

Nov 21, 08 5:41 AM CST
(Newser) - As crude oil sank below $50 for the first time in years, gas prices in America continued their precipitous fall, with the average cost of a gallon below $2 today for the first time since 2005. The turnabout is the sharpest since the government began tracking prices in 1980. Suddenly,... More »

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oil • gas • gas prices • oil price • gasoline prices

ANALYSIS

 Cheaper Oil 
 Likely to 
 Stay Awhile 

Demand won't quickly return to old levels, and new tech, exploration keeps pressure off

Nov 18, 08 4:02 PM CST
(Newser) - Oil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason. Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government mandates, made in response to... More »

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oil • Canada • OPEC • offshore oil • gasoline prices • domestic oil production

OPINION

Want to Stop Iran, President Obama? Cut Its Gas Supply

Limited refining capacity is chink in Tehran's armor—and opportunity for US

Nov 13, 08 12:47 PM CST
(Newser) - Could Barack Obama petro-blackmail Iran on its nuclear ambitions? Former State Department official Orde Kittrie thinks so. Despite abundant crude oil, limited refining capacity forces Iran to import 40% of its gasoline, Kittrie explains in the Wall Street Journal. And though none of its main suppliers are based in the... More »

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Iran • Barack Obama • oil • Mahmoud Ahmadinejad • sanctions • nuclear enrichment • gasoline prices • President Obama • Orde Kittrie

 Gas Prices in Record Fall 

Gas drops 53 cents in two weeks

Oct 27, 08 3:35 AM CDT
(Newser) - Gasoline prices have dropped 53 cents in the last two weeks, the steepest decline ever, according to the nationwide Lundberg Survey. The national average price for a gallon of regular unleaded is $2.78, Reuters reports. Wichita, Kansas, has the cheapest gasoline, at $2.26 a gallon, and San... More »

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credit crisis • economy • Lundberg Survey • oil prices • gasoline prices

9 Stories


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