The average price of gasoline dropped to $3.03, down 4 cents from the week before, according to AAA gas gauge. Texas saw prices also drop 4 cents to settle at $3.05, and the national average is down 5 cents to $3.21. More »
Enbridge Inc., Canada’s largest oil- pipeline company, has won enough support from shippers to proceed with a $1.9 billion project to bring more Canadian and North Dakota crude to U.S. refineries. More »
The Environmental Protection Agency is expected Wednesday to announce its first-ever standards for mercury and other toxic emissions from power plants, capping months of debate over a rule that Republicans and utilities have decried and environmental and health groups have hailed. More »
Encana Corp. today ratcheted up its attack on Environmental Protection Agency allegations that the company’s hydraulically fractured natural gas wells are to blame for contaminating groundwater in Wyoming. More »
When the gifts from Grandma are unloaded and holiday travel is over, the typical American household will have spent $4,155 filling up this year, a record. That is 8.4 percent of what the median family takes in, the highest share since 1981. More »
A federal judge approved a $77.1 million settlement by Amaranth Advisors LLC, the hedge fund that collapsed in 2006 after losing $6.6 billion on natural gas trades, of a lawsuit brought by traders who accused it of market manipulation. More »
Shell Oil Co. says it could take weeks to resume drilling at its Appomattox discovery in the Gulf of Mexico, after a leak of roughly 13,400 gallons of drilling fluids forced it to shut down work at the site. More »
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