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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 81 - 100 of 205

<< Prev 1 2 3 4 5 6 7 8 9 ... 11 Next >>

June 2008
- Airlines Become Weight Watchers to Save Fuel
  
  New York Times | Jun 11, 08 7:30 AM CDT
  
  (Newser) - Airlines struggling with soaring fuel expenses are seeking new ways to save, and none is too small, from cutting the amount of water they carry for washrooms to cleaning engines more often to increase their efficiency, reports the New York Times . Some are pulling back on their cruising speed—from 500 mph to 480mph—while others study whether one 9lb set of pilot manuals in the cockpit will do instead of two. More »
- McCain Pays Price of Soaring Gas
  
  Politico | Jun 10, 08 2:13 PM CDT
  
  (Newser) - The party in power always suffers during an election year in which the economy is poor, and high gas prices are often the biggest barb. John McCain is suffering the most from high prices at the pump, a Politico analysis of Gallup polls show, with voters putting him behind the GOP at large on the question of who will give “greater priority” to energy. More »
- GOP Blocks Profit Tax on Oil Companies
  
  Houston Chronicle | Jun 10, 08 1:59 PM CDT
  
  (Newser) - Senate Republicans today fended off a Democrat-sponsored bill that would have heaped a 25% tax on the five biggest US oil companies and rolled back other tax breaks for the industry, the Houston Chronicle reports. President Bush had threatened to veto the measure, hailed by Dems as "energy price relief" and for which Republicans predicted "abject failure." More »
- Gas Rising, Station Owners Barrel Toward Bankruptcy
  
  Los Angeles Times | Jun 10, 08 12:24 PM CDT
  
  (Newser) - Stiff fuel prices are not pouring cash into the pockets of California gas station owners—instead, they're driving them into bankruptcy. Credit card fees, tanker-load costs, and other rapidly increasing expenses are putting the crunch on retailers, reports the Los Angeles Times . More »
- Fuel Prices Drive Spanish Truckers to Protest
  
  EiTB24 | Jun 9, 08 4:40 PM CDT
  
  (Newser) - Spanish truck drivers went on strike at midnight to protest skyrocketing fuel prices, erecting blockades across the country and snarling traffic on the border with France, the EiTB network reports. Drivers who attempted to continue operating found their tires slashed, windshields smashed and headlights destroyed. Fuel prices in Spain have risen more than 35% this year. More »
- High Gas Prices Are Good for Detroit
  
  Wall Street Journal | Jun 9, 08 12:25 PM CDT
  
  (Newser) - Sky-high gas prices are finally pushing top US auto-makers to turn out fuel-efficient vehicles, and both Detroit and Washington should keep the pedal down to make a permanent change in how, and what, Americans drive, the US top car salesman tells the Wall Street Journal . "You have to tell the American people the truth," the CEO of AutoNation says. "Energy costs will be higher." More »
- Analysts Say Oil Price Drop Is Long Way Off
  
  Reuters | Jun 9, 08 10:25 AM CDT
  
  (Newser) - A reining-in of Asia’s demand for oil could help the global crude supply rebound, eventually dropping prices sharply, analysts tell Reuters. But the price relief likely won’t show up until the end of this year or early next, as data needed to help traders set prices is slow to flow in from major Asian countries. More »
- Gas Prices Hit Hardest in Rural Areas—not Suburbs
  
  New York Times | Jun 9, 08 8:40 AM CDT
  
  (Newser) - Gas prices, which hit an all-time-high average of $4 a gallon over the weekend, are causing more pain in rural America than anywhere else, with motorists in the South, Southwest, and the upper Great Plains the hardest hit. With relatively low wages and high use of pickup trucks and vans, rural families spend up to 13% of their income on fuel while the national average is only 4%, reports the New York Times. More »
- Gas Tops $4 per Gallon After Stable Week
  
  Reuters | Jun 8, 08 7:15 PM CDT
  
  (Newser) - Americans are paying more than $4 a gallon for gas for the first time, Reuters reports. The national average reached $4.005 per gallon today, up from $3.67 last month and $3.10 last year. Prices had stabilized last week, until crude oil futures jumped to record levels. In a recent survey, 74% of Americans vowed to change their driving habits in response to $4-a-gallon gas. More »
- Diesel Thieves Plague Farmers
  
  CNN | Jun 6, 08 2:33 PM CDT
  
  (Newser) - With oil prices stuck in triple digits, any form of gas is becoming precious booty for thieves, CNN reports. The latest targets: farmers running diesel-fueled irrigation pumps. Fuel tanks, often sitting unguarded in fields, can be a quick score of around 250 gallons in the middle of the night. In Kern County, California, alone the sheriff estimates that $300,000 worth of diesel was stolen in the past 3 months. More »
- Continental Hacks 3K Jobs, 16% of Flights
  
  Wall Street Journal | Jun 5, 08 7:41 AM CDT
  
  (Newser) - Continental Airlines today became the latest US carrier to slash its workforce and trim flights in the face of profit-busting fuel costs and an industry-wide slowdown, the Wall Street Journal reports today. The airline will cut its workforce by 3,000 jobs, scale back US departures by 16%, and aggressively trim its fleet of fuel-guzzling 737s. United and American also recently announced cutbacks. More »
- Airlines Mull Weighing Passengers
  
  Bloomberg | Jun 3, 08 4:14 PM CDT
  
  (Newser) - Desperate airliners are doing everything to cut fuel costs, scaling back on water and snacks—and adding a fee for overweight passengers could be next, analysts tell Bloomberg. "Nothing is beyond their imagination," one says of CEOs. "They have already begun to think exotically." Fuel costs, nearly triple since 2000, account for as much as 40% of operating expenses. More »
- Storm Warning: Hurricanes May Drive Gas to $6
  
  CNNMoney | Jun 2, 08 12:39 PM CDT
  
  (Newser) - This year’s hurricane season—which started yesterday—could spawn a dozen or more named storms, potentially disrupting flow of gasoline across the nation and pushing gas prices beyond $5 or even $6 a gallon, reports CNNMoney. Traders already appear to be including a hurricane premium of 10 cents per gallon into prices, something they’ve done since hurricanes Katrina and Rita in 2005. More »
- Drivers Pump Less, Run Out of Gas More
  
  Associated Press | Jun 2, 08 3:05 AM CDT
  
  (Newser) - Strapped-for-cash drivers hit by rocketing gas prices are putting less in their tanks and gambling on having enough to last the week—but many don't make it. C alls to AAA for help from out-of-gas drivers in Philadelphia have doubled since prices began to spiral, AP reports. More »
- Rebate Checks Go to Gas, Food, Looming Debt
  
  New York Times | Jun 1, 08 9:44 AM CDT
  
  (Newser) - Rather than the gluttonous splurge on flat-screen TVs and foreign vacations that Uncle Sam had envisioned, most Americans are plunking their rebate checks down on exorbitant gas and food costs--and their mounting debt. “The initial sense is that people are not running out the malls,” one economist told the New York Times . The sense of restraint may fail to buoy the economy as hoped. More »
May 2008
- Under the Hood, Size Does Matter
  
  Los Angeles Times | May 31, 08 2:39 PM CDT
  
  (Newser) - Instead of saving on gas by getting smaller cars, many Americans are buying cars with smaller engines. Four-cylinder autos have been zooming off lots nationwide, leaving six-cylinder rides in the dust: Three quarters of mid-size cars sold in May sported the smaller engine, a swerve away from a trend in ever-bigger motors, the Los Angeles Times reports. More »
- More Riders, Pricier Fuel Stress Out Transit Agencies
  
  Wall Street Journal | May 30, 08 4:29 PM CDT
  
  (Newser) - The same agencies that stand to benefit as commuters turn to public transit to escape high gas prices are finding themselves hamstrung by rising fuel costs, the Wall Street Journal reports. Ridership is up by as much as 35% for some bus lines, but the cost of diesel has doubled and economic woes are slowing sales-tax revenue, the main source of transit funding. More »
- Norwegian Electric Car Will Cruise US Streets
  
  Wall Street Journal | May 30, 08 1:00 PM CDT
  
  (Newser) - An electric car that can travel up to 110 miles when fully charged will hit select US cities next year, the Wall Street Journal reports. The Think City, from Norwegian automaker Think Global AS, is already on the road in Norway, Sweden and Denmark, and will set American consumers back less than $25,000. The company plans to produce as well as sell the mini car in the US, with backing from American venture capital investors. More »
- Restaurants' Used Grease Draws Thieves
  
  New York Times | May 30, 08 7:40 AM CDT
  
  (Newser) - For decades restaurants have thrown away their used cooking grease without a second thought; now, they’re trying to protect it from thieves. Almost anyone can convert the yellow grease into cheap biodiesel using kits sold on the internet, and restaurant oil bins have become go-to destinations for everyone from environmentalists to thieves who siphon tanks in the dead of the night. More »
- Dow Hikes Prices 20% on Chemicals in Many Products
  
  Wall Street Journal | May 29, 08 2:20 PM CDT
  
  (Newser) - Skyrocketing energy costs prompted Dow Chemical to bump prices up to 20% yesterday on compounds that are the building blocks for thousands of consumer products, fanning inflation fears. Dow, one of the world’s largest chemical companies, ripped Washington for an energy policy it says has raised its energy costs 42% from a year ago, reports the Wall Street Journal. More »

Stories 81 - 100 of 205

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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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The Gallup Poll: Rising Gas Prices (GallupNews (YouTube))

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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 • The Markets

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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