Gasoline | featured news

Oil prices plummeted by almost 9 percent on Thursday as traders worried that American drivers were beginning to balk at the price of gasoline.

The average price of a gallon of gasoline in the United States rose slightly in the last two weeks and will likely hold steady for some time, according to an industry analyst.

An Arlington man died Sunday after a flash fire ignited while he was working on his pickup at home. The 28-year-old removed the truck's gas tank Sunday morning in his closed garage in the 400 block of Overhill Drive, near East Abram Street, officials said.

Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating well below capacity. Yet oil prices keep marching toward $90 a barrel, pushing gasoline toward $3 a gallon in many markets, and prompting American drivers to ask, "What gives?"

Blame it on the same folks who brought you $140 oil and $4 gasoline in 2008: Wall Street speculators.

Consumers spent more on gasoline and a wide range of other goods, data showed, raising hopes of a self-sustaining economic recovery.

American military helicopters ferried tons of aid Sunday to a northern Philippine mountain region facing shortages of food, gasoline ...

The average retail price for gasoline dipped below $2.50 a gallon for the first time in two months Monday as swelling oil supplies and slumping demand overshadowed even a fire at a major U.S. refinery.

The 0.7 percent pace in June was slightly faster than expected, but the core inflation measure remained relatively tame.

The government says retail sales advanced in June by the largest amount in five months, led by a surge in gasoline prices and a slight rebound in the battered auto sector.

The price of a gallon of gasoline continues to climb, rising an average of 17 cents over the past two weeks.