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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 161 - 180 of 217

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April 2008
- $4 Gas Driving San Franciscans From Cars
  
  San Francisco Chronicle | Apr 18, 08 7:25 AM CDT
  
  (Newser) - The Bay Area is used to being on the cutting edge, but becoming the first to pay $4 for a gallon of gas is a milestone San Francisco could do without, the Chronicle reports. Prices are expected to nudge past the mark next week—but many Bay Area residents have already fled their cars to dodge ever-growing fuel costs. More »
- Consumer Prices Rise in March; Oil Blasts Past $114
  
  Associated Press | Apr 16, 08 10:22 AM CDT
  
  (Newser) - Consumer prices rose an anticipated 0.3% in March, propelled by hikes in the costs of energy, food, and airline tickets; a commodities rush and weak dollar also pushed crude oil to a record high today. Energy costs rose 1.9% in March, the AP reports, and the past year has seen huge increases in the prices of bread (14.7%) and milk (13.3%) More »
- Oil Tops Record High $113
  
  AFP | Apr 15, 08 6:44 AM CDT
  
  (Newser) - Crude oil hit a new record high in trading today—$113.66 a barrel—as weary investors attempted to hedge against a tumbling dollar and oil shipments were disrupted around the world. Though the dollar is the main concern, supply problems, including OPEC's decision not to change its 2008 outlook and the closure of a top Mexican export terminal, didn't help, the AFP reports. More »
- Gas Fuels US Retail Sales, Up 0.2% in March
  
  Bloomberg | Apr 14, 08 10:25 AM CDT
  
  (Newser) - US retail purchases rose in March by 0.2%, pushed up by higher prices at the gasoline pump, Bloomberg reports. Purchases excluding gasoline were unchanged, and consumer spending is still on its way down, causing investors to think that the Federal Reserve might again look to cut interest rates—despite worries about rising inflation. More »
- Stocks Fall as Oil Prices Surge
  
  Wall Street Journal | Apr 9, 08 3:45 PM CDT
  
  (Newser) - Stocks fell today on bad news on earnings and record prices for crude oil. American Express, General Motors, and UPS all took hits. "The negative UPS news could shake confidence in the broader transport stocks," an analyst tells the Wall Street Journal . The Dow ended down 49.18 to 12527.26, the Nasdaq 26.64 to 2322.12, and the S&P 11.05 to 1354.49. More »
- Pickup Sales Plummet to 10-Year Low
  
  BusinessWeek | Apr 9, 08 7:35 AM CDT
  
  (Newser) - US pickup truck sales tumbled in March, hitting their lowest level in nearly a decade. The Big Three all reported double-digit percentage drops in sales this month—the Dodge Ram was down 26%—and large pickups represented barely more than 10% of the auto market. High gas prices added fuel to the freefall, but the housing crisis—and an attendant drop in carting construction loads—may have had the most impact. More »
- Oil Expected to Stay Above $100 This Year
  
  Wall Street Journal | Apr 9, 08 6:43 AM CDT
  
  (Newser) - A barrel of crude could end up averaging more than $100 this year, federal handicappers are predicting, just weeks after the triple-digit mark seemed like a troublesome anomaly. OPEC’s parsimony with its reserves, spiking demand worldwide and a dwindling supply outside the Middle East are conspiring to squeeze rates—and last month’s record close of $110.33 might not be the worst of it. More »
- Dubai Is the New Mecca for Theme Parks
  
  Los Angeles Times | Apr 3, 08 3:56 PM CDT
  
  (Newser) - The big US amusement companies—Six Flags, Universal, SeaWorld, Warner Bros., MGM—have all seen the future, and it's in Dubai. That's where the world's largest playland—a sprawling $64-billion collection of theme parks, golf courses, museums and hotels—is going up, but it's only the most dramatic of projects in the works all over the Middle and Far East, the Los Angeles Times reports. More »
- Gas-Guzzlers Will Cost Londoners $50 a Day
  
  Los Angeles Times | Apr 3, 08 11:39 AM CDT
  
  (Newser) - In a move to make drivers of gas-guzzlers “pay for the environmental damage they cause,” London’s mayor is imposing a CO2 charge: beginning in October, every private vehicle driven in the central city that doesn’t meet tough emissions standards will cost its owners $50 a day, the Los Angeles Times reports. The new charge comes on top of the existing $16 congestion charge. More »
- Trucker Strike Fizzles for Now
  
  CNN | Apr 1, 08 2:11 PM CDT
  
  (Newser) - Most trucks kept rolling today, despite plans for a strike protesting spiking diesel prices. Independent truck-drivers had discussed staying off the roads, reports CNNMoney, but only sporadic shutdowns have been reported. "We've heard from a lot of members who have no intention of participating," says a spokeswoman for the Owner-Operators Independent Drivers Association. More »
March 2008
- China Runs Low on Gas
  
  Associated Press | Mar 24, 08 2:08 PM CDT
  
  (Newser) - China may be running on less-than-full tank again as gasoline and diesel shortages spread to Shanghai and Beijing, the AP reports. Long lines are a common sight outside filling stations, which have been plagued by erratic shipments. “We have no diesel available at all,” said one gas station worker. “Once it comes, it will soon run out.” More »
- Rising Cost of Essentials Slams Poor Families
  
  Washington Post | Mar 21, 08 1:35 PM CDT
  
  (Newser) - The rising price of essentials and sluggish growth in wages mean that inflation is hitting low- to middle-income families hardest, the Washington Post reports. Americans are paying 9.2% more for staples—groceries, gas, health care, etc.— than they did in 2006, nearly twice the pace of the growth in wages. Prices for luxury items—restaurant meals, new cars, etc.—are also rising, but not nearly as fast. More »
- Small Is the New Big
  
  Newsweek | Mar 20, 08 2:36 PM CDT
  
  (Newser) - Ever-increasing gas prices, environmental concerns and demand in developing countries are leading worldwide small-car sales past those of larger counterparts, Newsweek reports. With cars like India’s Tata Nano set to overhaul the auto industry by offering new mobility to millions, US automakers are scrambling to retool their businesses to sells more small cars for smaller per-auto profits. More »
- Wowie! Maui Gas Hits $4
  
  Associated Press | Mar 14, 08 9:45 AM CDT
  
  (Newser) - The price of gas in the US hit another record this morning of $3.28 a gallon, CNN reports, but at least one part of the nation thinks that would be a great bargain. On Maui, $4 gas has already arrived in many places, and the island is on the verge of becoming the first part of the country to average that price, the AP notes. More »
- Gold Hits Record $1K per Ounce
  
  BBC | Mar 13, 08 1:03 PM CDT
  
  (Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is a “safe haven” asset and because the dollar drops on expectations of US interest-rate cuts. More »
- Retail Sales Sank in February
  
  Wall Street Journal | Mar 13, 08 9:15 AM CDT
  
  (Newser) - Stoking fears of recession, US retail sales fell in February by .6%, the Wall Street Journal reports, despite economists' predictions of a 0.1% increase. Sales had been up a revised 0.4% in January. Factors cited in the decline include rising gas prices, falling home values, the credit crunch, and a soft job market, with 63,000 jobs disappearing in February. More »
- Stocks Rally, Flatten, End Down
  
  Wall Street Journal | Mar 12, 08 3:38 PM CDT
  
  (Newser) - Markets shot up early today, then flattened out and ended down as record oil and gas prices put a damper on things. Per-barrel oil pri