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October 6, 2008 8:53:43 PM CDT


Stories related to: gas prices

Stories

Stories 101 - 120 of 184

  • May 2008
    • Cops Can't Afford Gas Prices Either

      Cops Can't Afford Gas Prices Either

      (Newser) - With gas prices near $4 a gallon, more US police are saving money by peddling around, the AP reports. One cop shop in Bedford, Va., for example, has saved up to 400 gallons of fuel per month by buying just 8 bikes. But the two-wheelers don't come cheap: With crime-stopping features like a silent hub, a police bike runs about $1,100. More »

      Tags

      gas prices   oil price   police   police department   bicycle

    • Speculators to Blame for Soaring Oil: Soros

      Speculators to Blame for Soaring Oil: Soros

      (Newser) - Billionaire investor George Soros blames soaring oil prices that reached a record $135 a barrel last week largely on speculation that’s causing a “bubble” in numbers, the Daily Telegraph reports. The weak US dollar, slipping Middle East oil supply, and rising Chinese demand all play a role, but “speculation is increasingly affecting the price," he said, adding that the "bubble" will burst when both the US and UK are in recession. More »

      Tags

      gas prices   recession   oil price   George Soros

    • As Gas Spikes, Profit Scarce for Station Owners

      As Gas Spikes, Profit Scarce for Station Owners

      (Newser) - Feeling sorry for gas station owners might be more than the average consumer can muster these days, but, reports the Washington Post, the emotion might not be misguided. Oil giants like Exxon cut owners' profit margins and raise rents, while micromanaging details down to which shelf franchisees place soda on. If the owner raises the price per gallon a few pennies, Exxon spikes its wholesale price, leaving little room for earnings. More »

      Tags

      gas prices   gas   fuel costs   Exxon   gas stations

    • Cheer Up! Recession Has a Bright Side

      Cheer Up! Recession Has a Bright Side

      (Newser) - While the specter of recession may leave you cold, consider the bright side: These days contractors, starved for work, actually show up on time, and killer gas prices help you to drive around a city like Los Angeles without facing much traffic, Meghan Daum writes in the Los Angeles Times . More »

      Tags

      Los Angeles   gas prices   recession   contractors   highways   weakening economy   Meghan Daum

    • High Gas Prices Give Economy a Headache

      High Gas Prices Give Economy a Headache

      (Newser) - Oil prices gushed for 5 years, but the US economy remained blissfully unaffected—until now, the Los Angeles Times reports. Rising gas prices have finally spooked consumers and sparked ominous news from two major airlines, Ford, and even memory card maker SanDisk. “The economic outlook has been taken hostage by the relentless surge in oil prices,” said one economist. More »

      Tags

      US economy   gas prices   oil price   Ford   American Airlines   United Airlines   drivers

    • SUVs Plunge in Value as Drivers Turn to Smaller Cars

      SUVs Plunge in Value as Drivers Turn to Smaller Cars

      (Newser) - SUVs are falling out of fashion fast as gas prices go through the roof, CNN reports. As drivers downsize to more fuel-efficient vehicles, gas-guzzlers are filling up used-car lots—but there aren't many buyers. The biggest SUVs—like the Cadillac Escalade, Ford Expedition, and Chevy Suburban—are dropping in value by the thousands, a dealer reports. More »

      Tags

      gas prices   auto industry   Ford   SUV   SUVs   drivers   vehicle   pickup trucks

    • Oil Rockets to $135 on Surprise Supply Decline

      Oil Rockets to $135 on Surprise Supply Decline

      (Newser) - A surprise 5.32 million barrel decline in US crude oil stockpiles prompted oil prices to surge past a record $135 a barrel in after-hours New York trading this morning, extending oil's runup to 19% this month, reports Bloomberg. The Energy Department also said yesterday that gasoline stockpiles had declined some 755,000 barrels, while analysts had expected an increase in reserves. More »

      Tags

      gas prices   oil price   crude oil   oil reserves   futures contracts

    • Americans Reducing Mileage on Cars, Not Stomachs

      Americans Reducing Mileage on Cars, Not Stomachs

      (Newser) - Many Americans are cutting back on gas due to spiking prices, but few are eating less in response to similarly soaring food costs, a poll finds. Nearly half of respondents said they were driving less, but only 8% said they were eating less. "People have more control over gasoline. They are driving less and driving smarter," pollster John Zogby tells Reuters. More »

      Tags

      gas prices   food prices   consumer prices

    • Military at War With Rising Fuel Costs

      Military at War With Rising Fuel Costs

      (Newser) - Fuel costs are hitting the US military harder than most, the Wall Street Journal reports, and it's moving forward with efforts to switch to synthetic, and greener, alternatives. Chugging 340,000 barrels of oil per day, the military is the nation's largest consumer; synthetic fuels and massive solar arrays are already in use, and the military is considering nuclear plants on some remote bases. More »

      Tags

      gas prices   oil price   Pentagon   military spending

    • What Europe Can Teach Us About Gas

      What Europe Can Teach Us About Gas

      (Newser) - Gas costs more than $8 a gallon in Germany—a sum that might cause riots in the US but hardly ruffles most Europeans. Their secret is simple, Paul Krugman writes in the New York Times : They drive fuel-efficient cars, and they don’t drive very often. America can easily imitate the first part, but the second part will be tough. More »

      Tags

      gas prices   Europe   fuel efficiency   public transportation

    • Prius: 1M and Counting

      Prius: 1M and Counting

      (Newser) - The Toyota Prius is a now 1 million units strong, and the landmark gas-electric hybrid, introduced in 1997, is poised to keep growing, the AP reports. Toyota said today it expects to be selling a million a year by sometime after 2010; what’s more, the company claims 4.5 million tons of harmful gases have been taken out of the air since its debut. More »

      Tags

      gas prices   Toyota   gas   hybrid car   fuel efficiency   auto sales   carbon footprint   Toyota Prius

    • Lucky Alaska First to Hit $4 Gas

      Lucky Alaska First to Hit $4 Gas

      (Newser) - It's here. Alaska has the painful distinction of becoming the first state where gas is selling for an average of $4 a gallon, Reuters reports. The average for the rest of the US is hovering at $3.76, but Connecticut, California, New York, and Illinois could all join Alaska in the $4-a-gallon club after Memorial Day weekend. More »

      Tags

      California   gas prices   New York   Alaska   Michigan   Illinois   Hawaii   Connecticut   West Virginia   Labor Department   AAA   Memorial Day

    • Quick Iraq Exit Would Trigger New 9/11: Bush