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. …
Brent crude traded at $107.68 today as West Texas crude prices moved to $94.24. Oil prices don’t immediately transfer to gasoline pump prices, but they surely have an impact as crude moves through refineries into finished produ…
Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return …
Unless there’s a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic…
Even though no reports of supply disruptions have surfaced, Brent crude hit $100 a barrel in London trading, while U.S. prices hit $92. Europe is more vulnerable because much of its crude flows through the Suez Canal and adjace…