Energy Economy

Blue flames of a gas stove

Natural Gas Price Ticks Lower After Massive Addition to Storage

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 94 billion cubic feet for the week ending August 28. Analysts were expecting a ...
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Vacation

US Drivers to Save $1.4 Billion on Gas This Labor Day

With a national average pump price for regular gasoline of $2.44 a gallon, U.S. drivers can expect to save $1.4 billion over the coming Labor Day holiday weekend, because that ...
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Crude Oil Price Plunges After Huge Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4.7 million barrels last week, maintaining a total U.S. commercial ...
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Oil tanker

Does Lifting the US Ban on Oil Exports Really Make a Difference?

The U.S. Energy Information Administration (EIA) released its report on the impact of lifting the current ban on exporting U.S. crude. The report has a little something for both sides ...
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Wealthy

13 of the 15 Cities With Highest Gas Prices Are in California

Gasoline price taxes and fees, and the lack of refineries, have more than offset the sharp drop of crude, at least throughout most of California. Of the 15 cities in ...
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crude oil prices

Crude Oil Jumps on OPEC Bulletin

Crude oil prices jumped Monday morning and blasted even higher through the noon hour to hit a daily high near $49 a barrel on West Texas Intermediate (WTI) for October ...
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Oil drilling rig

Oil Rig Count Adds 1; Natural Gas Drillers Drop 8 Last Week

In the week ended August 28, the number of rigs drilling for oil in the United States totaled 675, compared with 674 in the prior week and 1,575 a year ...
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fuel gauge

Gas Prices Above $3 in Alaska, California, Hawaii, Nevada

People looking for low gasoline prices had best stay away from Alaska, California, Hawaii and Nevada. Oil prices may have increased in the past few days, but overall they have ...
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Will the Jump in Crude Oil Prices Last?

The spot price for October delivery of West Texas Intermediate (WTI) crude oil settled up more than 10% on Thursday and traded up about 3.5% more in the late morning ...
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Blue flames of a gas stove

Natural Gas Price Ticks Lower After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 69 billion cubic feet for the week ending August 21. Analysts were expecting a ...
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Crude Oil Price Dips After Inventory Shows Big Decline

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 5.5 million barrels last week, maintaining a total U.S. commercial ...
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Gas can

Gas Prices Plunge to 2004 Levels

As oil dips below $40 a barrel, gasoline prices will hit lows for late August, lower for this time of year than at any time since 2004. And they are ...
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refilling the car

Americans’ Perception of Oil Industry at 12-Year High: Gallup

There is nothing like low gasoline prices to change the way Americans view the oil and gas industry. From 2001 to 2003, with pump prices averaging an inflation-adjusted average of ...
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Oil Plunges Below $39, With No Bottom in Sight

After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off ...
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Oil drilling rig

Hedge Funds Increase Short Positions as Crude Oil Prices Fall

In the week ended August 21, the number of rigs drilling for oil in the United States totaled 674, compared with 672 in the prior week and 1,564 a year ...
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