Category: Gasoline

Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »

Gasoline prices fall ahead of Thanksgiving travel weekend

Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.  More »

Gov’t tells US drivers to get used to cheap gas

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »

Cheaper gasoline may translate to a boost in holiday spending

For every 1 cent drop in gas prices, Americans save about $3.7 million.  More »

U.S. jobs report helps send oil prices higher

Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange.  More »

Oil rises after inventory report

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »

Petrobras said to win support to raise gasoline prices

Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.  More »

Low oil prices send chills through oil patch

Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.  More »

Crude oil settles below $80 a barrel

Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share.  More »

Gasoline at $3, consumers saving hundreds before holidays

The bonus at the pumps represents the biggest benefit to consumers to date from a record boom in domestic oil production that has contributed to a global crude glut and helped bring down international prices.  More »

Crude falls after Fed ends asset-purchase program

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »

Average retail gas prices drop 8 cents in Texas

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand.  More »

Oil futures rise with consumer confidence report

Oil for December delivery rose 42 cents, or 0.5 percent, to settle at $81.42 a barrel on the New York Mercantile Exchange.  More »
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