Topic: Gas Prices

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Briefing
Five reasons to care about the Sudan - South Sudan conflict

Fighting between South Sudan and its rival, Sudan, could restart a 20-year civil war that claimed the lives of millions. It could also affect the price Americans pay for car fuel, China’s ability to keep its economy growing, and the stability of the region. Here’s a few reasons to pay attention to the fighting in Sudan.
Earth Day: Five ways we affect the planet

The late Sen. Gaylord Nelson (D) of Wisconsin organized the first Earth Day in 1970 after the devastating oil spill off the coast of Santa Barbara, Calif. The event started as an environmental teach-in, with some 20 million Americans taking part on college campuses across the United States. Today, 500 million people in 175 countries observe Earth Day on April 22 as a way to celebrate the natural world and raise awareness of the environment. How much do humans affect the earth? Click below to find out.
Mitt Romney's top 5 attacks on President Obama

Mitt Romney has yet to nail down the Republican presidential nomination, but he’s already attacking President Obama. Here's a look at five of Mr. Romney’s charges – and whether they’re true.
Gas prices fact check: Six ideas in Congress, but can they work?

Soaring gas prices have also shown a consistent and significant ability to push members of Congress over the deep end. Here's the experts' take on 6 ideas floating through Congress.

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In Gear
Used car prices: Some models could plummet $900 in June

Used car prices have already begun to drop after a surge earlier this year. Easier credit, lower gas prices are among the factors easing still high used car prices.
The price of milk: Low for milk drinkers, but sinks family farms

With the price of milk low and feed and fuel costs spiraling, family dairy farms struggle to compete with large farms. In Vermont, the MacLaren family gives up dairy farming after three generations, joining the gradual national decline of small farms.
Memorial Day: good news on gasoline prices, and it may get better

Memorial Day weekend, the start of the summer driving season, will see gasoline prices at their lowest in two years. Concerns about Europe and optimism about Iran have helped cut the cost of crude.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
US Chamber to Congress on transportation bill: You're doing it wrong

The US Chamber of Commerce expressed its exasperation with lawmakers for the way Congress is attempting to fund a transportation bill crucial to highway projects and repairs.
In Gear
Do hybrids save money? Website lets you calculate it.

Hybrids cost more upfront but are cheaper to operate than nonhybrids. The federal government has launched FuelEconomy.gov so consumers can calculate the payback period for buying a hybrid.
Latin America Monitor
Chile's car boom

Beyond urban sprawl there's an economic issue with Chile's car boom: crude oil is already Chile's biggest import, and an increasing reliance on gas could impact the country's trade balance.
Chesapeake Energy: Carl Icahn as investor? Sure!

Chesapeake Energy CEO says he would welcome the activist investor who often calls for change in management. Shares of Chesapeake Energy have plunged nearly 40 percent in less than two months.
Gas prices are falling: why that might not really help Obama

Gas prices have dropped steadily in recent weeks, and the issue is barely registering with voters. While that eases some pressures on Obama, it doesn't necessarily translate into more votes.
Transportation bill, not yet passed, already blasted by critics

House and Senate negotiators are considering how to mesh two very different transportation bills, but experts and lobbyists say neither bill addresses the fundamental problems.
Oil prices drive Delta Air Lines to buy its own refinery. Will that work?

Delta Air Lines wants to better control the cost of refining oil for jet fuel. The cost savings won't be enormous, but in such a competitive industry, every little bit helps.
Consumer Energy Report
High gas prices? Don't (always) blame oil speculators.

Most people would probably agree that speculation in the oil and gas markets is hurting American consumers. But speculation is not a one-way street where the average consumer always loses.
Sunoco to be sold for $5.3 billion

Sunoco Inc. will be sold to natural gas company Energy Transfer Partners in a deal valued at about $5.3 billion. Sunoco had been looking to exit the refining business prior to the deal.
Consumer Energy Report
Are the oil companies gouging gas prices?

The oil industry's profits are so huge that it must be taking advantage of customers, right? Actually, it's not that simple.
Credit cards: How to save $400 at the pump

Credit cards with gas rewards can be a big help in coping with high gas prices. The most effective credit cards could save you $400 at the pump.
Briefing
Five reasons to care about the Sudan - South Sudan conflict

Fighting between South Sudan and its rival, Sudan, could restart a 20-year civil war that claimed the lives of millions. It could also affect the price Americans pay for car fuel, China’s ability to keep its economy growing, and the stability of the region. Here’s a few reasons to pay attention to the fighting in Sudan.
Consumer Energy Report
High gas prices are a bipartisan failure

Neither Republicans nor Democrats are offering up policies that will effectively address high gas prices.
Earth Day: Five ways we affect the planet

The late Sen. Gaylord Nelson (D) of Wisconsin organized the first Earth Day in 1970 after the devastating oil spill off the coast of Santa Barbara, Calif. The event started as an environmental teach-in, with some 20 million Americans taking part on college campuses across the United States. Today, 500 million people in 175 countries observe Earth Day on April 22 as a way to celebrate the natural world and raise awareness of the environment. How much do humans affect the earth? Click below to find out.
Gulf oil spill: Two years later, safety lessons ignored

In its rush to pump more oil, America is ignoring the key lesson of the Gulf oil spill two years ago. Complex drilling, wherever it occurs, comes with unknowable risks.
Robert Reich
What Obama's plan for fixing the economy should be

'We’re on the right track' isn’t a sufficient plan. The President has to offer the nation a clear, bold strategy for boosting the economy.
Why Obama can't control gas prices

Many of us fail to understand a near-maxim of gas prices: No one can really control them and certainly not an American president. And we should know why that is the case since the price of gasoline impacts us all and the global economy.
Obama calls for tougher penalties for oil market manipulators (+video)

With gas prices a big election issue, Obama says Congress should enact new curbs on speculation and illegal manipulation in a market now dominated by investors.
'Buffett rule' fails, but it will be back

The Buffet rule to raise taxes on millionaires couldn't get through the Senate, but both parties promise to make it a campaign issue as the nation heads toward Election 2012.
Are EVs worth it? Study helps calculate savings on emissions, fuel.

How much an EV saves on fuel or cuts greenhouse gas emissions depends on many variables, including gas prices and whether the local electric grid is fed mainly by coal power. The Union of Concerned Scientists helps out with the calculations.
Electric cars, hybrids see record sales

Electric cars like the Nissan Leaf and Chevy Volt and hybrids like Toyota's Prius C and Camry are selling better than ever. Automakers sold a record 52,000 hybrids, electric cars in March.