Energy, Gasoline | featured news

Cops: Thieves sucked fuel from gas station tanks

Stealing Gas from Gas Stations

As gasoline prices rise at the pump, so apparently does the brazenness of some thieves trying to steal it.

 

Gas prices higher, but don't fret

Gas prices higher, but don't fret

U.S. gas prices have edged up 6 cents over the past two weeks, but don't fret that a steady climb is on the horizon, the publisher of a new survey said Sunday.

 

Exxon Ordered to Pay $1.5 Billion

A Baltimore County jury has ordered Exxon Mobil to pay more than $1.5 billion in damages involving an underground gasoline leak at a rural Maryland gasoline station.

Senh: Whoah, one gasoline leak can cost that much damage? These oil companies make so much money anyway, so I'm sure they can afford it.

 

Prices at gas pump painful for 4 in 10 Americans

With gasoline prices hovering at $4 a gallon nationally, many Americans are making tough choices: scaling back summer vacations, driving less or ditching the car altogether. Some seniors are choosing a tank of gas over their prescriptions....

 

Senate blocks GOP bid to speed offshore drilling

A GOP bid to expand and hasten offshore oil drilling in the face of $4-a-gallon gasoline prices suffered an overwhelming defeat in the Senate on Wednesday, four days after President Barack Obama directed his administration to ramp up U.S. oil production....

 

ExxonMobil CEO Says Oil Price Should Be $60 To $70 A Barrel

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

 

Oil down 5 percent, gasoline drop briefly halts U.S. trade

Oil prices tumbled nearly 5 percent on Wednesday, as easing supply concerns sent gasoline into a tailspin that briefly forced trading on the New York Mercantile Exchange to stop.

 

Gas hits $4 mark, near all-time high

Gas hits $4 mark, near all-time high

The average gas price in the United States has hit the $4 mark, just 11 cents shy of the all-time high, according to a survey published Sunday.

 

Average cost of gas nationwide rises to $3.13

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.

 

Gasoline Pushes Up U.S. Consumer Prices

Gasoline Pushes Up U.S. Consumer Prices

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

 

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