gasoline prices

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Gas Prices Are Insane &mdash;Everywhere Else
 Gas Prices Are Insane 
 —Everywhere Else 
IN CASE YOU MISSED IT
Mar 12, 2011 12:10 PM CST

Gas Prices Are Insane —Everywhere Else

As US drivers complain, those overseas think we're lucky

(Newser) - Gas prices are climbing again, which means people are complaining, which means it's time for a spate of stories showing how relatively cheap gas remains in the US. Here's a rough estimate of world prices per gallon, courtesy of CNN :
  • US: $3.53
  • Norway: $9.28
  • Europe: Between $7.50
...

Hybrids' New Rival: Ye Olde Gas Engine

Conventional cars are giving hybrids a run for their money

(Newser) - Hybrids are gas-sipping wonders, and electric cars may be the green wave of the future, but oil-addicted America's best hope may be ... the conventional gasoline engine, reports the Washington Post . GM, Ford, and Hyundai are now selling cars with conventional engines that get 40mpg or better on the highway, and...

Gas Prices Hit February Record
Gas Prices Hit
February Record 
Feb 12, 2011 11:20 AM CST

Gas Prices Hit February Record

National average is $3.13, a high for this time of year

(Newser) - A little news to warm your heart in February: Gas prices have never been this high at this time of year, reports AP . The national average hit $3.13 yesterday, 50 cents higher than last year. Prices also are higher than they were in mid-February 2008, when they began their...

Expect $5 Gas in 2012: Former Shell Oil Chief

Economic recovery, developing nations will push petrol demand

(Newser) - Gasoline prices will hit $5 per gallon within the next year, the former president of Shell Oil predicts. John Hofmeister says oil demand will ramp up as developed economies approach a full recovery from the shocks of 2008 and developing economies increase their demand. "I'm predicting actually the worst...

Just in Time for Christmas: $3 Gallons of Gas

If you aren't already paying that now, you likely will

(Newser) - The price at the pump edged up 3.9 cents in the last two weeks to an average of $2.91 per gallon, according to the latest Lundberg Survey, which sampled gas prices at 2,500 filling stations across the US. That's 28 cents higher than it was last December....

Dow Off 15 Despite Retail News
 Dow Off 15 Despite Retail News 
MARKETS
May 22, 2009 3:13 PM CDT

Dow Off 15 Despite Retail News

(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...

No Christmas Miracle for Retailers
 No Christmas  
 Miracle for Retailers 


RETAIL SALES
Dec 26, 2008 1:57 AM CST

No Christmas Miracle for Retailers

Even luxury sector sales in free fall

(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,...

Gas Hits 5-Year Low
 Gas Hits 5-Year Low 
Dec 21, 2008 7:06 PM CST

Gas Hits 5-Year Low

$1.66 a gallon average is cheapest since February 2004

(Newser) - 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...

OPEC Slashes a Record 2.2M Barrels

(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...

How Cheap Gas Hurts Green Initiatives, Feds' Bottom Line

Driving less not great for gov't coffers

(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...

Gas Prices Plummet Below $2
 Gas Prices Plummet Below $2 
Nov 21, 2008 5:41 AM CST

Gas Prices Plummet Below $2

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

(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,...

Cheaper Oil Likely to Stay Awhile
 Cheaper Oil 
 Likely to 
 Stay Awhile 
ANALYSIS
Nov 18, 2008 4:02 PM CST

Cheaper Oil Likely to Stay Awhile

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

(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...

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

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

(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...

Gas Prices in Record Fall
 Gas Prices in Record Fall 
Oct 27, 2008 3:35 AM CDT

Gas Prices in Record Fall

Gas drops 53 cents in two weeks

(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 Francisco...

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