Gas Prices | featured news

So now President Barack Obama has decided to go after the oil speculators. He wants to “root out any cases of fraud or manipulation.” He’s directed the Justice Department to set up a task force. Yessir, he’s determined to get to the bottom of this.

Americans earned and spent more in March, but much of the extra money went toward more expensive gasoline.

Chevron says first-quarter earnings rose 36 percent. The company received higher prices for the oil it produced, and also made more money from refining oil.

Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

With gas prices climbing and little relief in sight, President Barack Obama is scrambling to get ahead of the latest potential obstacle to his re-election bid, even as Republicans are making plans to exploit the issue....

The average price for a gallon of gas is again approaching $4. But this time, drivers can cope by using their smartphones.

A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.

The Consumer Price Index report for March said that outside of food and energy, prices remained subdued last month, rising just 0.1 percent.

Bad weather, higher gasoline prices and a later Easter were expected to result in the first monthly retail sales decline since 2009, but consumers continued to spend in March, giving retailers a modest 1.7% gain over the same period last year.Retailers delivered another decent performance last month, with shoppers continuing to spend despite poor weather, high gasoline prices and a later Easter.

Analysts project that sales will increase across the industry, despite worries about rising gasoline prices and production stoppages in Japan.