gas – News Stories About gas - Page 7

Nothing We Can Do About Those Prices, Says OPEC

May 25, 2007 8:47 AM CDT

Nothing We Can Do About Those Prices, Says OPEC

It's not us, it's those stingy refiners

(Newser) - Gas prices are soaring, but OPEC says that there's nothing it can do. Historically, the cartel has made big efforts to increase production when prices spike, but not his time, the Wall Street Journal reports. Members of OPEC say that there's plenty of crude being pumped; instead, the price increases...

Biofuels Bump Pump Prices

May 24, 2007 11:51 AM CDT

Biofuels Bump Pump Prices

Government's ethanol push helps slow refinery expansion, boosting costs

(Newser) - Four-dollar gas? Blame biofuels, the oil industry says. Construction of new refinery capacity is on hold thanks to government regulations that will soon require oil companies to produce biofuels such as ethanol. Uncertain standards for biofuels, which may render new refineries useless, have led oil companies to rethink expansion plans—...

Cabs Go Green in New York

May 22, 2007 3:42 PM CDT

Cabs Go Green in New York

Bloomberg plans for all taxis to be hybrids by 2012

(Newser) - Every New York City taxi cab will be an eco-friendly hybrid in five years, Mike Bloomberg declared today. And by next year all new taxis will have to meet mileage and emissions standards. Cabs will turn green as part of the mayor's wider sustainability plan for the city, which is...

Gas Spikes to All-Time Record

May 21, 2007 12:01 PM CDT

Gas Spikes to All-Time Record

Pump pain hits consumer spending

(Newser) - Gas hit a record high of $3.18 yesterday, soaring past the previous all-time high, the inflation-adjusted 1981 price of $3.15 per gallon. A spate of fires and power outages have crippled the nation's refineries, sending prices soaring even as crude oil costs drop. That's turning consumers away from...

Rudy Fails Price-Is-Right
Test on Milk, Bread

Apr 11, 2007 7:20 AM CDT

Rudy Fails Price-Is-Right Test on Milk, Bread

(Newser) - Tarnishing his regular-guy credentials, Rudy Giuliani told reporters yesterday a gallon of milk costs $1.50 and a loaf of bread $1.25. So what if his own neighborhood's average is $4.19 for milk and upwards of $2.99 for white bread? At least he had a clue about...