NEW YORK (AP) — Retail gasoline prices continued to climb Friday ahead of the Memorial Day weekend and the unofficial start of America’s summer driving season.
The national average pump price increased nearly 3 cents overnight to $2.391 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gasoline prices ticked [...]
NEW YORK (AP) — Energy prices wavered after OPEC reported that member states had increased oil production for the first time since July despite a huge glut in supply.
Benchmark crude for June delivery rose 22 cents to $59.07 a barrel Wednesay on the New York Mercantile Exchange. In London, Brent prices dropped 13 cents to [...]
SIOUX FALLS, S.D. (AP) — Oil prices dipped to around $50 a barrel Monday as a strong dollar and new reports of swine flu threatened to slow summer travel and sent jitters through global markets.
Benchmark crude for June delivery fell 79 cents to $50.76 on the New York Mercantile Exchange.
Crude prices have defied traditional market [...]
COLUMBUS, Ohio (AP) — Oil prices dipped below $40 per barrel Friday for the first time this year as the government reported the nation’s worst annual job losses since World War II.
People are traveling less, manufacturers are slashing production and there are job cuts across almost every sector of the economy, leading to a severe [...]
By CHRIS KAHN
Oil prices dipped below $38 a barrel Tuesday on fresh evidence of weakness in the U.S. housing market and a shrinking gross domestic product that suggests the recession may be worsening.
A report by the Commerce Department showed that sales of new homes fell in November to the slowest pace in nearly 18 years, [...]
Light, sweet crude for February delivery fell $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile Exchange.
By the Associated Press
Oil prices tumbled below $40 a barrel Monday as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.
Light, [...]
By MARK WILLIAMS
COLUMBUS, Ohio – Retail gasoline fell to a new three-year low Tuesday and in an unprecedented decline, crude oil costs $100 less per barrel than it did four months ago with a U.S. recession eating away at energy demand.
Analysts believe prices at the pump may finally be bottoming out after a precipitous [...]
By H. JOSEF HEBERT • Associated Press • November 13, 2008
WASHINGTON — The dramatic drop in world oil prices means a break this winter in heating costs, although households will still be paying more than they did last winter, the government says.
Gasoline prices, which have declined by nearly 50% since July, are expected to remain [...]
By The Canadian Press - For Business Edge
It will cost most Canadians about 10 per cent more to heat their homes this winter than it did last year, despite the fact that natural gas prices have been low recently, the head of the Canadian Gas Association says.
Michael Cleland said the reason for the increase is [...]
United States - By Tom Doggett
WASHINGTON (Reuters) - As the U.S. heating season gets underway, the average price that homeowners paid for heating oil was $3.67 per gallon this week, the government said Wednesday.
The nationwide heating oil price is 90 cents higher than a year ago, according the federal Energy Information Administration’s weekly [...]
