Topic: Gas Prices

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Six ways fleet operators save on gas (and you can, too)

While you may long for $2 gas, the truth is that higher prices – in the $3 to $4 a gallon range – are the new normal. Here are six money-saving tips, used by fleet operators, to save money on fuel:
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The Monitor's top 11 US stories of 2012

From storms to politics, the year was a wild ride. What are the most meaningful US stories of 2012? Here's the Monitor's list, in roughly chronological order.
Cheapest way to heat your home? Four fuels compared.

Not all home heating fuels are created equal. Here's what it would cost to heat the average home in the Northeast with oil, natural gas, electricity, and propane, as forecast by the Energy Information Administration (EIA):
Top 10 cars with the best resale value

These 10 vehicles have the best resale value among 2013 models. Can you guess which auto came out on top?
Six car maintenance tips for teens

Many teens know little or nothing about the basics of auto repair, an AutoMD.com survey finds. Since preventative car maintenance is important for safety, here are easy do-it-yourself auto repair and care tips for teens – and their parents:

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Five ways Americans are coping with $4 a gallon gas prices

While Americans are paying an average of $3.51 per gallon to fill up their gas tanks, the average is far higher – $3.90 – in California due largely to laws requiring specific blends for emission standards. How do people cope with $4 gas prices? One is buying fewer lattes, another is following dubious web tips and filling up only in the morning. Here are five portraits of taken from two California gas stations where the prices were $4.01 and $4.11 for a gallon of regular Tuesday.
In Pictures: Gas guzzlers
GasBuddy and other apps map the cheapest gas

GasBuddy sends drivers to the stations with the cheapest gas as prices continue to rise.
Gas prices soar past $3.50 per gallon: Are Middle Eastern uprisings to blame?

Gas prices have been only modestly affected by fighting in Libya, but a 'fear factor' is driving up oil futures, which in turn drive gas prices.
Gas prices too high? Obama may not think so. He's pumped to use high oil prices.

Gasoline prices in the US now average over $3.50 a gallon, and may be heading for $4. Obama is considering a move to lower prices by selling oil from the Strategic Petroleum Reserve. But his actions say otherwise.
Hugo Chávez challenges Venezuelan 'birthright' to cheap gas

In Venezuela, Humberto Patadilla pays just under $1 for 21 gallons of gasoline. If Hugo Chávez raises gas prices, he says, it could 'cause an explosion against him.'
Opinion: Should you panic about oil prices?

Not yet. Middle East turmoil may increase the danger of rising oil prices triggering a double-dip recession. But while a short-lived oil price spike is quite possible, a sustained spike causing serious economic damage isn't likely. Still, the US should consider two approaches for insurance.
Gas prices out of control? Seven ways lawmakers could help – or hurt.

Gas prices are approaching $4 a gallon and oil prices are above $100 a barrel, leading politicians in Washington and statehouses to propose a flurry of legislation. Some proposals strive to quell voter angst while others might balance budgets by raising gas prices. Meanwhile, wind, biofuel, nuclear, and oil industries are lobbying Congress to support more domestic energy production. Many of the proposals are longer-range and thus unlikely to affect short-term gas prices, energy economists say.
Should the tax rate of fuel depend on price?

In Britain, 'fuel duty' and value added tax add up to a large chunk of the final price.
Gas prices up. Can hybrids ease fall in car sales?

Gas prices could hurt the auto industry. It is banking on hybrids and other 'green' cars to buffer the blow from a further rise in gas prices.
First deep-water oil drilling permit since Gulf oil spill plays it safe

The Obama administration lifted its post-Gulf oil spill moratorium on oil drilling in deep water Oct. 12, but it didn't issue its first new permit until Monday. Some experts think rising oil prices forced the administration's hand.
Auto sales rise, but gas prices may test Detroit recovery

Auto sales rose 27 percent from February 2010, but gas prices have also been rising. At a minimum, higher gas prices could affect car-buying preferences.
Oil reaches $100 a barrel: Five winners, five losers

With the price of energy soaring – oil passed $100 per barrel on Tuesday – long-haul truckers are hurting, but hybrid manufacturers are smiling. Californians feel the pinch at the pump while Midwesterners, closer to large fuel inventories, wonder what all the fuss is about. With gasoline now at $3.37 per gallon – 20 cents higher than last week, and rising daily – who is profiting from higher prices and who is not?
Three ill-advised British tax hikes

Changes to income tax, insurance rates, and fuel duty will take effect in April.
Gas prices jump 6 cents in one day

Gas prices will slow the economy's recovery, but not stop it. If gas prices rise to $4 a gallon, it could be a different story.
The Monitor's View: Cure for Middle East oil shock? A higher US gasoline tax

A gradual increase in US gasoline taxes would bring a host of benefits, from deficit reduction to cleaner air to less reliance on autocratic nations. But Congress needs a long-term view to take this step now.
How Mideast turmoil affects oil prices. Six questions answered

From the first spark of Middle East unrest in Tunisia in December until the violent suppression of protests in Libya in late February, the price of a barrel of crude oil rose from $88 a barrel to more than $100. But rising demand – from oil-hungry China and other fast-growing nations – was pushing prices up even before the turmoil. How much prices rise depends largely on whether supplies flow unimpeded from the Middle East. Here’s a rundown on oil supply-price issues affecting the US.
Should US draw on strategic reserves to temper rise in oil prices? (video)

Rapidly rising oil prices, and fears it could harm the US economy, make tapping the strategic reserves a tempting option. But analysts say it would work only for the short term.
Obama's top economist: Oil price hike not likely to derail economy (video)

The White House is monitoring rising oil prices but sees the US economy as better positioned to absorb them than in 1979, when oil prices spiked in the wake of the Iranian Revolution.
Dow is down, oil prices up as nervous markets eye Libya's Qaddafi

Unfounded rumors, such as one that a besieged Qaddafi plans to destroy Libya's oil wells, drove oil prices above $100 a barrel Wednesday before closing at $98.10. It all means higher gasoline prices for consumers.
Oil prices surge on Libya unrest

Oil prices rose to $95 a barrel and stocks fell about 1 percent by midday. The surge in oil prices boosted oil company stocks.
Photos of the Day: Photos of the day 02/15
Scientists calculate Ghengis Khan's carbon footprint

The 13th- and 14th-century Mongol invasion of Asia decreased global carbon dioxide by less than 0.1 part per million, researchers have found.
Can economy's 2010 growth spurt last? Five clues.

The US economy grew at a relatively healthy 3.2 percent annual rate in the final quarter of 2010, the Commerce Department reported Friday. That is an improvement from a 2.6 percent rate in the third quarter. But to many Americans, it's hard to tell if anything is really better. Buried in the new report are clues to why that is – and what might happen to the economy in the year ahead. Here are five things that the government’s preliminary report on gross domestic product reveals about the health of the economy.
Gas prices rise: Is Obama to blame?

Gas prices are 14 percent higher than a year ago, though US demand has risen only 0.7 percent. So what – or who – is driving up prices? The Heritage Foundation points a finger at Obama's environmental policies.