With gas prices above $4 in some states, Americans are canceling spring break plans and rethinking summer vacation, and some tourist destinations are offering gas vouchers of as much as $50 to talk people out of giving up and staying home. This interactive graphic explains how gasoline prices are set and looks at how gas [...]  More »

At one point on Thursday the dollar dropped to a 16-month low against the euro. Since oil is priced in dollars, it becomes more attractive to buyers holding foreign currency as the dollar gets weaker.  More »

The dollar has been sliding since Standard & Poor’s downgraded its outlook for U.S. debt earlier this week. Oil, which is priced in dollars, tends to rise as the dollar falls. That makes crude contracts cheaper for investors holding foreign currency.  More »

Gasoline purchases are down 1.2 percent from a year ago as pump prices have approached $4 a gallon nationwide, market research company The NPD Group said.  More »

A broad commodity selloff was partly attributed to Goldman’s rare and surprise crude oil bear call, but BofA Merrill Lynch says not so fast, while gloves are off at BarCap…  More »

People usually curb their driving as a last resort, according to retail experts. So a drop in gasoline consumption is usually accompanied by a decline in other kinds of spending.  More »

Economists are watching for signs that high fuel prices are taking a toll on the economy. Industry surveys suggest that drivers are cutting back on gasoline purchases. The combination of stagnant wages and rising food and energy costs has prompted some economists to lower their growth estimates for the economy in the first quarter by half.  More »

Oil fluctuated this week amid uncertainty about how much higher it could go. It resumed its climb on Friday with positive economic news from the Federal Reserve and the Labor Department.  More »

A Texas lawmaker says shale gas drilling is so well established that is shouldn’t need a state tax incentive. Drillers say removing the tax break would hamper the Texas economy.  More »

The government said U.S. supplies grew by 28 billion cubic feet last week, less than the 31billion to 35 billion cubic feet that analysts expected. Natural gas rose 7.1 cents to settle at $4.212 per 1,000 cubic feet.  More »

Futures advanced 0.8 percent after the Energy Department said gasoline supplies dropped 7 million barrels to 209.7 million last week. Stockpiles were forecast to decline by 1 million barrels.  More »

Oil fell to $106.25 a barrel, capping the biggest two-day drop in almost 11 months, after the International Energy Agency and International Monetary Fund said that prices above $100 a barrel are starting to hurt the global economy and Goldman Sachs forecast a “substantial” correction.  More »