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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.
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Oil prices hit three-month high. US eyes oil reserves.

Oil prices jump to $96 a barrel, the highest level since May, on improved prospects for the economy. Obama administration says tapping strategic oil reserve is an option.
Gas prices surge 34 cents since June

Gas prices rise unexpectedly from a combination of refinery and pipeline problems and increase in oil prices. But analysts don't expect average gas prices to reach $4 a gallon.
Geithner meets eurozone leaders: a step toward taming debt crisis?

In Europe, US Treasury Secretary Geithner backs the European Central Bank's pledge to do 'whatever it takes' to save the eurozone from a potential breakup and boost economic growth.
Could dumping iron in the oceans slow global warming?

Using iron fertilizer to create algae blooms could help our oceans absorb more carbon dioxide from the atmosphere, say researchers.
Oil prices fall below $87 per barrel on Chinese economic warnings

Oil prices fell slightly in Asia Monday on downbeat economic comments from China's premier. Oil prices fell 41 cents to $86.69 per barrel.
Stocks fall for a fourth day as tech profits slump

Stocks dropped over one hundred points for the fourth straight day Tuesday, following a profit slump at technology companies and steep decline in oil prices. The bad news even outweighed hopeful developments in Europe.
Gas prices creep upward as oil soars

Gas prices rose 2.4 cents over the weekend to a national average of $3.38 per gallon,, but oil spiked nearly 2 percent as Norwegian oil workers prepared to strike. Gas prices are up six cents from last week, but remain well below prices seen at the same time last year.
Gas prices lowest since January, but oil soars

Gas prices hit a $3.35 national average – the lowest since Jan. 6. But oil prices soared Friday, hinting that gas prices may be back on the way up.
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.
Editor's Blog The 'long war' for energy security

Since the oil shocks of the 1970s, the US has been seeking energy independence. Now natural gas is seen as a possible solution. But at best it will probably only give Americans a breather while they look beyond hydrocarbons.
The Economist raises Scotland's ire with 'Skintland' joke

The Economist was targeting Scotland's interest in becoming independent, pointing out that 'Skintland' relies heavily on the United Kingdom.
Gas prices begin climb toward $4.50 a gallon, experts say

Gas prices could hit $4.50 a gallon nationwide by summer because of sanctions on Iran, a frigid winter in Europe, and logistical challenges in the US. The current all-time high is $4.11.
The New Economy Oil prices will rise as supplies tighten? Hardly.

Oil prices, which fell below $97 a barrel on Monday, are not poised to surge in the long run because long-term production is declining. Better technology and, if needed, higher oil prices mean the long predicted peak in oil production is a long way off.
The Monitor's View: Make sure shale-gas boom doesn't go bust

Obama and GOP should unite in driving the use of this abundant gas as a 'bridge fuel' to renewable energy. But they must be cautious in rushing to tap shale gas.
Scotland talks independence – but can it afford it?

With a vote on Scotland's independence from the UK becoming more inevitable, Scots want to know how an independent Scotland would pay its bills.
Tech stocks, market hit by Intel, Europe woes

Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.
Environmentalists demand more answers from Shell after Scotland oil spill

Although Shell has apologized for the North Sea spill, which has yet to be contained, the oil company's belated release of information is still drawing criticism from environmentalists.
Shell oil spill in North Sea damages company's credibility

Shell oil spill: Although the amount of oil involved in the Shell spill off the coast of Scotland is an order of magnitude smaller than BP's 2010 Gulf of Mexico disaster — around 1,300 barrels so far compared to an estimated 4.9 million in the Gulf — the spill undercuts Shell's earlier suggestions that it is a safer company than BP.
Misterioso: A Crime Novel, By Arne Dahl

This odd and engaging dark crime thriller is set in a dystopic Sweden.
Mexico searches for 7 missing in boating accident

One American has been confirmed dead in the accident, which came after a flash storm upended the boat before dawn Sunday, spilling dozens of tourists and crew members into the water.
Photos of the Day: Photos of the day 06/07
High oil prices are here to stay

Global politics, a weak US dollar, and the price of gold are among the factors contributing to high oil prices
Two rules to run the economy

Politicians would be better off if they understood a couple of basic aspects of human behavior
Gulf oil spill commission report: Good news for BP?

The president's commission on the Gulf oil spill has roundly criticized BP's role in the disaster. But it's appearing less likely that the British oil giant will be charged with gross negligence.
In Pictures: China's military muscle