Oil Fell Below $100 a Barrel on Friday Yet Gasoline Continues to Rise
NEW YORK (AP) - The worst oil shock since the 1970s has put a permanent mark on the American way of life that even a drop in oil’s price below $100 a barrel won’t erase.Public transportation is in. Hummers are out. Frugality is […]

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Oil Makes Record One Day Drop
Oil prices tumbled more than $6 a barrel Friday — the biggest one-day percentage plunge in nearly four years after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.

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Gasoline Prices Continue Fall
NEW YORK, Aug. 10 (UPI) — Retail gasoline prices have fallen for the 24th straight day, a AAA survey of gas station sales showed.The national average price for a gallon of regular gas are down more than 7 percent from the record high of $4.114 on July 16, CNNMoney.com reported Sunday.
Even […]

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Gas Prices Fall to Seven Week Low
It’s all relative I guess.
NEW YORK - Oil prices sank to their lowest point in weeks Friday as investors questioned whether crude has cooled enough to reflect a serious deterioration in demand. Prices at the pump eased to nearly $4 a gallon, and AAA said a gallon of gas […]

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Gore Calls for Carbon Free Power Within Decade
WASHINGTON — Former Vice President Al Gore said on Thursday that Americans must abandon electricity generated by fossil fuels within a decade and rely on the sun, the winds and other environmentally friendly sources of power, or risk losing their national security as well as their creature comforts.

Skip […]

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Oil Prices Down and Stock Prices Up
NEW YORK - Wall Street at least temporarily shrugged off some of its many concerns Wednesday and bounded higher thanks to a drop in oil prices. The Dow Jones industrial average rose 276 points, or 2.5 percent, posting its best daily gain in three months.
The broader Standard & Poor’s […]

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Marathon Begins Heavy Oil Refinery Upgrade Project
Michigan’s only gasoline refinery, Marathon Oil in southwest Detroit, received final permission Friday to begin a $1.9-billion expansion of its plant, which will create 800 construction jobs and more than 100 permanent jobs and, possibly, give some gas price relief in 2011 to drivers in southeast Michigan.
Marathon officials moved […]

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Oil Prices Continue Climb to New Record
NEW YORK - Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put stock in Saudi Arabia’s promise to boost production. Retail gas prices rose to a record $4.08 a gallon.
Light, sweet crude for July delivery fell […]

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How Long Till Gas is $12 a Gallon?

It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”

Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC’s May 20 “Squawk Box”. He […]

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Oil Shortages Loom Within Five Years
Fears of a shortage within five years propelled long-term oil futures prices to almost $140 a barrel, further stoking inflationary pressures in the global economy.
The spot price of Nymex West Texas Intermediate hit a record $130.30 a barrel on Wednesday. On Tuesday investors had rushed to buy oil futures contracts […]

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