crude oil prices

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States With the Highest Gas Prices

After remaining persistently high early in the summer, gasoline prices have tapered slightly in recent weeks. Drivers in some states, however, continue to feel the pinch at the pump. National ...
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refilling the car

Gas Prices Drop Below $3.50 in 11 States

If analysts need any early signals that the drop in oil prices has begun to affect gasoline prices, it is the fall off in the cost of an average gallon ...
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Fuel pump in fuel tank

Gas Prices Move Toward $4

Gasoline prices, which have been inching higher for months, now top $3.67 per gallon for regular, on average, nationwide. At some point, the rising price will batter consumer spending, although ...
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Fuel pump in fuel tank

Gas Prices in California Rise Above $4 as Oil Prices Surge

As oil prices rise above $107, probably headed toward $110, the average price of a gallon of regular has topped $4 in California, and is moving rapidly in that direction ...
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Oil Tanker

Oil Rise Could Push Gas to $4

The price of crude futures reached $107 on concerns about the unrest in Iraq. That is the highest it has been since September, and several analysts expect the price to ...
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us army

What Civil War in Iraq Means for Defense Firms, and Oil

Iraq is getting out of control, and with no U.S. presence there, the terrorists or insurgents (or whatever you want to call them) are making serious headway to capture cities ...
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crude oil prices

Short Sellers Change Oil and Gas Bets as Crude Oil Approaches $105

The short interest data from the May 30 settlement date is out, and we are witnessing some big changes in the bets against big oil companies. Even with some drops ...
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refilling the car

Gas Prices Jump Toward $4 in Some Big States

Gasoline prices do not seem to be easing as many economists thought they would. As a matter of fact, throughout much of the country, prices continue to rise. This is ...
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Fuel pump in fuel tank

Gas Prices Top $3.80 in Many Large States

Gasoline prices moved closer to $4 in several of America's largest states based on population. They hurdled above that number in California, where the average price of a gallon of ...
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Lynchburg fire

CSX Train Derails and Catches Fire in Virginia

CSX Corp. (NYSE: CSX) has just found itself on the bad end of a potentially serious public relations event. Hopefully the only damage is non-bodily. A train that has been ...
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Refinery Activity Could Thwart Rising Gas Prices

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 3.5 million barrels last week, maintaining a total U.S. commercial ...
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Fuel pump in fuel tank

Gas Prices Continue to Surge, Reach $4 in Some Cities

Update:  The carefully followed Lundberg Survey announced Monday that the average price of a gallon of regular gasoline reached a 13 month high of $3.5918. That number is up 8.5 ...
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75 dollar oil

The Argument for $75 Oil Should Be $95 Oil

The oil industry may feel picked on by Barron's of late. Master limited partnerships (MLPs) were not exactly given the biggest welcome mat in a piece about Kinder Morgan Inc. ...
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BP

Why Merrill Lynch Reinstated BP at Buy and Raised Exxon Mobil to Buy

Good news for BP PLC (NYSE: BP) -- it has been reinstated with a Buy rating by the U.K. and oil and gas team at Bank of America Merrill Lynch. The ...
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Houston Ship Channel

Will Houston Ship Channel Closure Prolong a Spike in Oil and Gasoline Prices?

Houston, Galveston, Baytown and Texas City are supposed to be good for oil and energy. When an accident occurs that shuts down the Houston Ship Channel, it turns out to ...
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