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FRIDAY, NOVEMBER 20, 2009
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NEWS ABOUT: gas prices

gas prices stories: 210 news summaries

1 - 20 of 210 Stories | 1 2 3 4 5 ... 11 Next >>

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 US Pays $400 a Gallon 
 for Gas in Afghanistan 

Figure to become major talking point in Congress

Oct 16, 09 11:06 AM CDT
(Newser) - As debate over the Afghan war heats up, expect Congress to heavily quote a new statistic from the Pentagon: $400. That’s how much the US pays, on average, for every gallon of fuel put into its planes and combat vehicles in Afghanistan, military officials recently told the House Defense... More »

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Afghanistan • John Murtha • fuel • gas prices • Afghanistan war • logistics

 Traffic Congestion Dips  
 as Economy Falters 

US sees two-year congestion decline for first time ever

Jul 8, 09 8:40 AM CDT
(AP) - Drivers are spending less time stuck in rush-hour traffic for a second straight year, the first-ever 2-year decline in congestion. Blame high gas prices and the economic downturn, which have forced many Americans to change how they commute. In individual cities, Los Angeles traffic is getting better but is still... More »

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energy • pollution • traffic • gas prices • congestion • economy • traffic jam • rush hour

(Newser) - The very strategies that made Gazprom an international force are now causing the energy giant—and consequently, Moscow—unaccustomed financial stress, the New York Times reports. Vladimir Putin built Gazprom into a goliath by aggressively dominating natural gas supplies, but to do it, he entered into long-term contracts to... More »

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Russia • Vladimir Putin • Gazprom • gas prices • natural gas

Exxon Mobil Profits Plunge 58% on Low Oil Prices

Low year-over-year pump prices, oil demand drive revenue down

Apr 30, 09 7:57 AM CDT
(AP) - Exxon Mobil’s first-quarter profit fell 58% from the previous year to $4.6 billion—its lowest profit in more than 5 years—as the world's largest publicly traded oil company, along with the rest of the industry, saw gas prices deflate dramatically. This time last year crude was in... More »

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oil • earnings reports • gas prices • Exxon Mobil • oil prices

(Newser) - It doesn't pay to drill, baby, drill anymore. Falling world prices have brought an end to the boom in domestic drilling for oil and natural gas, the New York Times reports. Last summer, 2,400 gas and oil rigs were deployed in the hunt for energy. Today, that figure is... More »

MORE ABOUT:
recession • gas prices • natural gas • oil drilling • oil prices • domestic oil production • lay-offs


 Oil Prices Plunge, 
 Gas Not So Much 

Refineries slashed production after demand for gas dipped

Feb 16, 09 6:33 AM CST
(Newser) - Gas is pumping toward $2 per gallon—a 22% increase since Dec. 30—even though oil prices have dipped 16% over the same period. What gives? When penny-pinched Americans cut back on fuel last fall, oil refineries were slow to ease production. Now they're overcompensating with production cuts to recover... More »

MORE ABOUT:
recession • gas prices • oil refineries • fuel costs • oil prices

OPINION

 Obama, Please 
 Impose a Gas 
 Tax: Friedman 

'Systemic approach' essential for environment, economy

Dec 28, 08 10:07 AM CST
(Newser) - It may be hard to sell, but a gas tax would be a “win, win, win, win” move—for the environment, the economy, the war on terror, and America’s standing in the world, Thomas Friedman writes in the New York Times. Barack Obama still has the popularity to... More »

MORE ABOUT:
climate change • environment • terrorism • gas prices • gas tax • economy • carbon emissions • President Obama

 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

 More Families 
 Ditch the 
 2nd Car 

Analysts see rare year-over-year drop in US vehicle fleet

Dec 17, 08 11:03 AM CST
(Newser) - As more US families give up second vehicles in favor of public transportation, “it’s very likely the fleet will shrink next year,” an industry analyst tells Bloomberg. The number of cars on the road has gone down only nine times in the past century, and another decrease... More »

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public transportation • gas prices • auto sales • financial crisis

 Transit Ridership 
 Soars—for Now 

Plummeting gas prices haven't driven us back to cars ... but now fewer have jobs to commute to

Dec 8, 08 12:56 PM CST
(Newser) - Dramatic increases in public transportation ridership have outlived sky-high gas prices, but the souring economy could reverse the trend, USA Today reports. Nationwide, third-quarter ridership was up 7% compared to last year, spurred by $4-a-gallon gas in July. Some municipalities saw almost 20% more commuters on their trains and... More »

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subway • study • public transportation • gas prices • buses • light rail • public transit • financial crisis • economic downturn • American Public Transportation Association

MARKETS

 Slim Gain Is Dow's 3rd in Row 

New consumer credit plan inspires confidence on the street

Nov 25, 08 3:16 PM CST
(Newser) - Stocks were mixed today, as enthusiasm over the Fed’s plan to get banks lending was tempered by a downward revision to third-quarter GDP and a drop in a home-price index, the Wall Street Journal reports. The Dow rose 36.47—its third consecutive up session—to 8,479.86.... More »

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Dow Jones • consumer confidence • Nasdaq • gas prices • credit crisis • S&P 500 • JPMorgan Chase • consumer credit • financial crisis

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 »

MORE ABOUT:
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 »

MORE ABOUT:
oil • gas • gas prices • oil price • gasoline prices

 Fewer Will Travel 
 for Thanksgiving: AAA 

600K more expected to stay home, first decline in 6 years

Nov 19, 08 3:33 PM CST
(Newser) - An estimated 600,000 Americans will forego the 50-plus miles of travel they made last year to celebrate Thanksgiving, AAA predicts. The dip is the first in 6 years, but the fourth consecutive for general holiday travel. Despite cheaper gas, fewer people will drive cars this year, opting for more-economical... More »

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air travel • gas prices • airfare • Thanksgiving • Thanksgiving travel • holiday travel • airlines • hotels • car rental

Consumer Prices Dive 1%, Biggest Drop in 61 Years

Oil's record decline leads to 1% overall drop

Nov 19, 08 9:07 AM CST
(AP) - Consumer prices in the United States plunged by the largest amount in the past 61 years in October as gasoline prices dropped by a record amount. The Labor Department said today that consumer prices fell by 1% last month, the biggest one-month decline on records that go back to February... More »

MORE ABOUT:
economic indicators • core inflation • gas prices • consumer prices • economy

 Salt Deficit May 
 Make This Scary 

States order massive amounts of salt, pinching other areas

Nov 16, 08 5:41 PM CST
(Newser) - City officials in the Midwest are struggling to prepare for another season of heavy snowfall as road salt supplies drop and prices surge, the Los Angeles Times reports. High demand and once-high gas charges have boosted salt prices, but the spike from $40 to $140 per ton seems exorbitant to... More »

MORE ABOUT:
price fixing • gas prices • winter • salt • snow • road safety

 Winter Oil Heating
Costs to Fall

Demand and energy prices continue to fall

Nov 13, 08 1:51 AM CST
(Newser) - The cost of heating an American home with oil this winter will fall 13%, according to government price forecasts released yesterday. The average heating bill for a typical winter for oil customers will be just under $1,700, reports USA Today. But those who use natural gas for heating—... More »

MORE ABOUT:
gas prices • winter • natural gas • heating oil • International Energy Agency • financial crisis • oil-supply • Energy Dept.

Texas Energy Boom Goes Bust

High oil, gas prices insulated state from economic turmoil,
but no longer

Nov 5, 08 10:28 AM CST
(Newser) - Oil’s tumbling price is causing the Texas economy to slip, narrowing the economic gap between it and the rest of the US as unemployment flares and tax revenues and housing prices slide, reports the Wall Street Journal. “Until 30 days ago, there was no feeling at all that... More »

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Texas • gas prices • oil drilling • oil prices • financial crisis

PR Blitz Aside, Big Oil Drilled Consumers for Stockholders

As demand drops, companies shelve plans to explore—among moves that benefit shareholders, not consumers

Oct 28, 08 12:43 PM CDT
(Newser) - Despite public-relations campaigns designed to make consumers think otherwise, big oil companies remain firmly tied to doing what’s best for their stockholders and bottom line, the Los Angeles Times reports. Though demand has outstripped production, companies spend more on stock buybacks than supply-boosting exploration. But, one analyst notes, “... More »

MORE ABOUT:
shareholders • gas prices • alternative fuels • Royal Dutch Shell • oil companies • Exxon Mobil • Big Oil

(Newser) - OPEC today decided to take 1.5 million barrels of oil per day off the markets to boost prices flirting with 16-month lows, the Wall Street Journal reports. The deep cut will take effect next month. “This slowdown in oil demand is serving to exacerbate the situation in a... More »

MORE ABOUT:
Iran • Saudi Arabia • OPEC • gas prices • energy markets • oil prices • financial crisis

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