As soon as oil prices rise, it takes little time before drivers begin to feel the pain at the pump. But it takes far longer for price decreases to reach consumers. Here’s why.
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A gallon of regular gas climbed to $3.503 on Sunday — nearly 38 cents higher than a month ago and up 15 cents in a week, renewing talk of a double-dip recession.
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Events in the Mideast have, once again, revealed the U.S. economy’s vulnerability to an oil shock. Now more than ever, the nation must reduce its consumption of oil, especially from abroad, and become energy self-sufficient. An…
As crude prices keep inching upward, the threat to both the U.S. and global economy is clear. While OPEC says don’t blame us, the Interational Energy Agencys says: “This is a wake-up call to the oil-consuming countries and to t…
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn’t own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few ow…