Gasoline Prices Fall for Record 89 Consecutive Days
If it seems to you that gasoline prices fall every day, you are correct. Through Monday, the average price for a gallon of regular gasoline had fallen for 89 straight days.
If it seems to you that gasoline prices fall every day, you are correct. Through Monday, the average price for a gallon of regular gasoline had fallen for 89 straight days.
While we have suggested before that share prices for alternative energy stocks are behaving like leveraged plays on the price of crude, there is another way of looking at what is happening.
Merrill Lynch is reevaluating its position on a few master limited partnerships as it transfers coverage to analyst John Abbot from Nitin Kumar.
Gasoline has breached below $2 in a number of gas stations around the country. It has fallen below that level in five large cities.
Using his most direct language ever, President Obama said on Friday that the proposed Keystone XL pipeline will not benefit U.S. consumers.
Chevron said in a letter to Canada's National Energy Board that it would abandon its plans to drill in the Arctic due to economic uncertainty in the industry.
The average price of a gallon of gasoline in the United States has dropped to its lowest level since October 2009.
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased more than expected for the week ending December 12.
Since last Thursday, the price of WTI crude oil for January delivery has dropped about the same amount as shares of First Solar Pacific Ethanol. Coincidence?
The oil patch is a tough place to make a living these days, and most observers believe it is going to get tougher.
The EIA weekly petroleum status report showed U.S. commercial crude inventories decreased by 800,000 barrels last week.
Rice Energy has announced the pricing of the Rice Midstream Partners L.P. initial public offering.
New data highlights just how much the strong U.S. dollar and the increased U.S. production have been key contributors to the latest drop in oil prices.
Oil did not start Tuesday on a good note, but it did make a strong recovery, and that is reflected in the stock prices of some major oil companies.
FuelCell Energy reported its fourth-quarter results on Monday evening, with revenue lower than a year ago but better than expected.