Lower U.S. petroleum inventory and higher demand pushed oil prices past the $90-a-barrel mark Wednesday. Gasoline prices remain near $3 per gallon as a result.
Continue reading Lower Inventory and Higher Demand…
The U.S. has never had $3 gas at Christmastime because the price typically gets lower as the days grow shorter. This year may be quite different, thanks to events from Canada to China. And some analysts think prices will really…
Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel …
Strikers in France shut down refineries that ship gasoline to U.S. East Coast, and the proportion of corn-based ethanol the government will allow in gasoline is rising from 10% to 15%.
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Prices at the pump got a little more painful over the past two weeks as crude oil continues to rise. Oil has risen as a weak economy and expectations of further action by the Federal Reserve drive the dollar down.
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