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Gas Gets Pumped Up

Started by C Miller; Last updated Feb 29, 08 5:09 AM CST by D Lim | View history

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Gas Gets Pumped Up

Fill 'er up becomes an increasingly pricey proposition

Stories

Stories 21 - 40 of 181

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July 2008
- Oil Gushes Past $145
  
  newser | Associated Press | Jul 3, 08 7:07 AM CDT
  
  The specter of conflict in Iran and a surprisingly large decline in US stockpiles pushed European oil prices above $145 today for the first time, reports the AP . A further weakening of the dollar, if the European Central Bank raises interest rates as expected later today, could push prices even higher. Crude has risen more than 50% since the end of 2007. More »
- Prius Shortage Hurts Toyota
  
  newser | Reuters | Jul 2, 08 4:53 PM CDT
  
  Popularity is proving quite the pickle for Toyota: Dwindling supplies of hot sellers like its hybrid Prius fueled the 11.5% drop in US sales last month, Reuters reports. With a waiting list 6 months long, Prius sales fell 26%—even as rival Honda bumped its sales 13.8% thanks to record demand for its fuel-efficient Fit and Civic vehicles. More »
- The Good in $4 Gas
  
  newser | Time | Jul 2, 08 12:03 PM CDT
  
  The rest of the world may have thought it would never happen, but energy prices are beginning to change Americans' behavior. Time notes some positive aspects: Jobs lost to globalization return, because energy costs make international shipping unattractive. Suburban sprawl is slowing as people choose to live closer to cities. Many firms are switching to four-day workweeks—the practice saved Florida's Brevard College $268,000 over a summer session. Less pollution as motorists drive less … …and more frugally, both in how they drive and what they drive. More »
June 2008
- Gas Prices Screw Nev. Brothels
  
  newser | Associated Press | Jun 30, 08 11:00 AM CDT
  
  Here's one more casualty of soaring oil prices: Nevada brothels catering to lonely truckers are seeing business plummet. Sky-high diesel prices means that long-haul truckers have less discretionary income, so many brothels are offering promotions to give business a boost. At one establishment, customers get double what they pay for if they use a government stimulus check. More »
- Where Will Cost of Gas Drive Us?
  
  newser | New York Times | Jun 29, 08 12:27 PM CDT
  
  How does really expensive fuel affect you? The New York Times Op-Ed page asked 10 writers to ruminate on that question, and the responses are all over the map: The lure of staying home could have workers demanding tax changes that benefit telecommuters, thinks Nicole Belson Goluboff. Say goodbye to suburbia, says Allison Arieff: cities are more efficient. More »
- What if Oil Hits $200?
  
  newser | Los Angeles Times | Jun 28, 08 3:35 PM CDT
  
  Wall Street has predicted $200-per-barrel oil for months, but what if it really happens? Not only drivers would be hurt by such a spike, the Los Angeles Times reports: Inflation would skyrocket as oil-derived products turn pricey and "the purchasing power of the American people would be kicked in the teeth so darned hard that they won't have the ability to buy much of anything,” one energy expert predicted. More »
- Fighting Forces Get No Break on Fuel Price Hikes
  
  newser | Associated Press | Jun 28, 08 7:37 AM CDT
  
  Consumers at the gas pump aren't the only ones suffering sticker shock: Military units in Iraq and elsewhere will see another hike in fuel costs next week, the second increase this budget year amid soaring oil prices. On July 1, the cost for refined fuel used by troops will jump 34% to more than double what the Pentagon was paying 3 years ago, the AP reports. The military estimates that every $1 increase in the market price per barrel translates into a $130-million rise in costs for US forces. More »
- Oil Breaks Record, Climbs Above $141
  
  newser | Associated Press | Jun 27, 08 7:27 AM CDT
  
  Oil prices climbed above $141 a barrel in Asian trading today—another record—as the dollar's protracted slump prompted investors to flock to oil as a hedge against inflation. Prices also were lifted yesterday after OPEC's president said crude prices could go higher than $150 a barrel this year and Libya said it may cut oil production. More »
- EU Will Make Airlines Pay to Pollute
  
  newser | New York Times | Jun 27, 08 5:57 AM CDT
  
  The European Union struck a landmark deal yesterday to regulate carbon emissions from airplanes, requiring carriers to buy pollution credits for all flights entering or leaving airports in the EU. The agreement, which should go into effect in 2012, marks the first time that airlines will have to pay to pollute in the European emissions market the same way that other industrial polluters do, reports the New York Times . More »
- Congress Short on Gas, Long on Gasbags
  
  newser | Washington Post | Jun 26, 08 9:39 AM CDT
  
  There’s nothing much Congress can do about gas prices, writes Dana Milbank in the Washington Post, so in an effort to look busy it's doing what it always does—blaming the other party. Yesterday Capital Hill saw no less than 12 events on energy costs, and every last one came down to partisan jabs. More »
- 75% Blame Bush for Faltering Economy
  
  newser | Los Angeles Times | Jun 26, 08 4:20 AM CDT
  
  A new poll paints a gloomy picture of a pessimistic America struggling with soaring gas prices and a deteriorating economy—and blaming President Bush. Three of four Americans—including a large number of Republicans—hold the president responsible for the economic downturn, according to a Los Angeles Times/Bloomberg poll. The president's approval rating has sunk to an all-time low of just 23%. His constituency is particularly irritated about his lack of action to stem rocketing gas prices. More »
- Energy Prices Hammer Suburban Housing Market
  
  newser | New York Times | Jun 25, 08 8:17 AM CDT
  
  The soaring cost of energy has started the buck the half-century-old trend of migration to suburbs and exurbs, the New York Times reports. The cost of reaching a far-off home, let alone heating and cooling it, is becoming untenable for many. From Atlanta and Philadelphia to San Francisco and Minneapolis, prices of homes outside the urban core have fallen faster than those downtown. More »
- Yanks Flood Mexico for Cheap Gas
  
  newser | New York Times | Jun 25, 08 3:46 AM CDT
  
  Soaring gas prices have Californians and Texans racing for the border and braving drug cartel violence to save some $20 per tank filling up in Mexico. American pumps have passed the $4 mark, but Mexican gas is still just $2.66 a gallon thanks to subsidies intended for poor Mexicans. Americans are buying it up instead, triggering a 50% surge in sales—and Mexican gas shortages, reports the New York Times. More »
- GM, After 16% Sales Dive, Eases Finance Options
  
  newser | Bloomberg | Jun 23, 08 3:58 PM CDT
  
  General Motors is offering no-interest financing for up to 6 years on a selection of its 2008 automobiles in an effort to boost US sales, which plummeted 16% in May, Bloomberg reports. Soaring gas prices have hurt sales across the board, and falling trade-in values and general tightening of purse-strings have left fewer Americans looking for new cars. More »
- Saudis May Boost Oil Supply Even Higher
  
  newser | Bloomberg | Jun 22, 08 4:11 PM CDT
  
  A hastily organized summit meeting in Saudi Arabia today offered little relief to oil consumers, Bloomberg reports. The Saudis did vow to increase production if needed, but OPEC blamed speculators and the credit crisis, not markets, for surging oil prices. "Saudi Arabia is prepared and willing to produce additional barrels of crude above and beyond the 9.7 million barrels per day," a Saudi minister said. More »
- Oil-Addicted Bush Must Kick the Habit
  
  newser | New York Times | Jun 22, 08 6:32 AM CDT
  
  The American thirst for oil is like a drug addiction, and George Bush wants another hit, writes Thomas Friedman in the New York Times . Bush’s irresponsible energy plan involves getting a little more oil from Saudi Arabia to keep prices low, and then drilling in Alaska—simply prolonging our addiction instead of allowing high fuel prices to push us toward better sources of energy, adds Friedman. More »
- Amtrak Sees Boom in Riders as Fuel Costs Soar
  
  newser | New York Times | Jun 21, 08 10:10 AM CDT
  
  With fuel prices soaring, travelers are increasingly turning to Amtrak, which posted a record for passengers in May—not usually a big travel month, reports the New York Times . But the struggling rail service has shrunk so drastically since it was created in the '70s that it won't be able to respond to the passenger surge very quickly. “We’re starting to bump up against our own capacity constraints,” says an Amtrak rep. More »
- Goodbye, RV: Hello, Real Travel
  
  newser | Chicago Tribune | Jun 20, 08 7:59 PM CDT
  
  With gas prices up and on the rise, your Winnebago may soon be stuck in park—but the fall of car culture's ugliest offender will force us to reconnect with better pastimes, writes Garrison Keillor in the Chicago Tribune . “Banjo sales will pick up,” Keillor writes. “The screened porch will come back in style. And the art of storytelling will burgeon along with it.” More »
- McCain Pander on Drilling Disappoints
  
  newser | New York Times | Jun 20, 08 8:30 AM CDT
  
  It's nothing new for the Bush administration to blame environmentalists for energy shortages, writes Paul Krugman in the New York Times . As early as 2001, Dick Cheney blamed green laws rather than rapacious energy companies for the California electricity shortage. But it's disappointing that John McCain has joined the bandwagon—especially as he, unlike Barack Obama, voted against Bush's "really terrible, special-interest-driven" 2005 energy bill. More »
- Fuel Costs Bump Up Budget Airfares
  
  newser | New York Times | Jun 20, 08 3:43 AM CDT
  
  Rock-bottom airfares are going the way of the zeppelin as fuel prices continue their climb into the stratosphere, the New York Times reports. Some budget carriers have gone bust. Others have hiked fares and begun to woo more business travelers, blurring the line between big carriers and discount operations. Southwest and JetBlue have ditched their caps on fares, with JetBlue doubling its one-way cross-country fare to as much as $599. More »

Stories 21 - 40 of 181

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Images (8)
Videos (1)

Gas prices in the northwest section of the District of Columbia at this Exxon Gas Station are seen at more than $3.25 per gallon, Saturday, May 19, 2007, in Washington. Gasoline prices set more records... (Associated Press)

High gas prices posted at this Shell gas station in San Mateo, Calif., Monday, May 21, 2007. Retail gasoline prices climbed to another record Monday, while crude oil futures jumped above $65 per barrel... (Associated Press)

A Chicago police car sits at a gas station advertising prices well above the nationwide average on the city's South Side Monday, May 21, 2007. Retail gasoline prices climbed to another record Monday,... (Associated Press)

Gas prices in the northwest section of the District of Columbia are displayed at this Exxon service station Wednesday, May 23, 2007, in Washington. (AP Photo/Haraz N. Ghanbari) (Associated Press)

Graphic shows poll results on public opinion on gas prices (Associated Press)

A gas pump in downtown Chicago shows how much gas a customer gets for $5 Friday, May 25, 2007. The government said this week that prices for a gallon of regular gasoline had hit a nationwide average of... (Associated Press)

A protestor holds up a sign before the Exxon Mobil shareholders meeting in downtown Dallas, Wednesday, May 30, 2007. Exxon Mobil Corp., whose huge profits have drawn closer scrutiny related to gas prices... (Associated Press)

Cars wait in line to get gas at a Shell gas station in San Francisco, Thursday, May 31, 2007. Owner Bob Oyster will sell gas for $2.99 a gallon until the 6,000 gallons in his tank are gone. (AP Photo/Jeff... (Associated Press)

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Related Threads

The Prize: Oil • Energy • How High Will Oil Go? • Auto Industry • Will the Wells Run Dry? • Going Green • Decline and Fall of the SUV • Is Tourism Dying? • The Biofuel Boom • Is It Recession?

Background

Pricing (Petroleum)
Wikipedia

References to the oil prices are usually either references to the spot price of either WTI/Light Crude as traded on the New York Mercantile Exchange (NYMEX) for delivery in Cushing, Oklahoma; or the price of Brent as traded on the Intercontinental Exchange (ICE, which the International Petroleum Exchange

» Read more about Pricing (Petroleum) at Wikipedia

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