As the crisis in Libya continues to shake world oil markets, many voices are calling for President Obama to tap into the Strategic Petroleum Reserve. With gasoline prices up 33 cents a gallon in the last month, that’s a temptin…
As in the summer of 2008, when prices broke $4 a gallon, big jumps at the gas pump may give car buyers reason to pause and cause vehicle sales to stall. At least the carmakers now have more fuel-efficient fleets, except for Chr…
With Mideast turmoil chasing oil higher and stocks lower, it’s a good time to check the charts and see what price levels seem to be key “lines in the sand.” Some indicators have been warning for months that the steep rally was …
Americans could see gasoline spiking 10% to 18% higher in coming weeks as a result of the unrest in the Middle East, but they’re unlikely to rocket as high as some are predicting — unless the uprisings spread to Saudi Arabia. …
Winter in the Northeast was particularly brutal this year, but not enough to account for the likely record prices. Blame crude oil’s recent price jump for that. But the chills could become even worse if Obama’s proposed cut in …