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Oil industry analysts can't decide how crude prices might change by the end of the year. With a huge inventory already in the stockpile, global demand is going to determine the price.

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The transaction prices for fullsize SUVs were up in April, while small cars have been sitting for months on dealership lots.

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Average US Family Will Save $700 This Year On Refueling Costs

Mid-year US gas prices will be the lowest for summer since 2009, Energy Department says

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The US government says drivers traveled 3.02 trillion miles last year, the second-highest tally since it started keeping track in 1939, behind only 2007. Drivers' ages are also setting records, with 44.1 percent of US drivers over the age of 50.

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It's almost impossible not to notice that it's a lot cheaper to fill up at the gas station in the latter portion of this year. As of December 1, the US Energy Information Administration said the average cost of a gallon of gas was $2.778, down almost 50 cents from a year ago. In general, fuel prices have been on the decline for much of 2014, and the effects have started showing themselves with people seemingly more willing to buy lower efficiency vehicles.

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U.S. consumers could save $61 billion on gas this year

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.

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If you haven't noticed, it has been a little cheaper to fill up at the gas station for the last few weeks. According to the US Energy Information Administration, the current national average cost for a gallon of gasoline is $3.299. That's down about a nickel from the previous week and around seven cents lower than this time last year. It doesn't look like this is just a temporary blip either because there's a strong possibility that Saudi Arabia may compel OPEC for lower oil prices for the near

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Cheap crude and cold weather blends driving down fuel prices

AAA's predictions of cheap gas for the coming fall season are already being realized. The cheapest average price for the whole year was beat Wednesday, as the average cost of a gallon of unleaded hit $3.27, beating February's price of $3.29.

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US gas prices are expected to fall over the next couple of years as fuel consumption levels off, indicating that vehicle fuel-economy gains may have positive long-term effect on everyone's wallets.

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When the US Energy Information Administration released its annual energy outlook pre-release earlier this month, biofuels industry publication Biofuels Digest was hit with six press releases from the biofuels community in the space of two hours. The final version of the EIA's energy outlook through 2040 won't come out until the spring, but the 16-page preview was enough to set off an avalanche of biofuel industry outcry.

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In the midst of economic turmoil in Europe, more Italians are turning to bikes as their preferred mode of transportation. Such is the bicycle's popularity in Italy that purchases of the pedal-powered two wheelers have eclipsed automobile sales for the first time since World War II.

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Over 50 gas stations across New Jersey and Pennsylvania have raised the price of their fuel to more than eight dollars a gallon. They are all Lukoil stations, and their owners have raised prices in protest of practices by Lukoil North America that they say leave individual gas station owners at a competitive disadvantage.

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Drivers in certain parts of Italy are currently shelling out a staggering $9.50 per gallon of gasoline, according to Bloomberg. The hefty fuel prices are largely the result of the European debt crisis. Italy has hiked fuel taxes in an attempt to get a handle on the country's public debt, which has the dubious honor of being the fourth-highest in the entire world. Of course, the jump in fuel costs has only hurt consumer spending in the country, sending Italy even farther into a recession that con

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Drivers in certain parts of Italy are currently shelling out a staggering $9.50 per gallon of gasoline, according to Bloomberg. The hefty fuel prices are largely the result of the European debt crisis. Italy has hiked fuel taxes in an attempt to get a handle on the country's public debt, which has the dubious honor of being the fourth-highest in the entire world. Of course, the jump in fuel costs has only hurt consumer spending in the country, sending Italy even farther into a recession that con

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A new study by the U.S. Public Interest Research Group indicates Americans are driving less than they were a few years ago. That drop is largely thanks to young people. Those between the ages of 16 and 34 drove 23 percent fewer miles in 2009 than they did in 2001. While it's tempting to attribute the decline to the recession, the study suggests the decline may continue even after the economy picks up pace. Factors like steeper fuel prices, more readily available public transportation and a shift

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A new study by the U.S. Public Interest Research Group indicates Americans are driving less than they were a few years ago. That drop is largely thanks to young people. Those between the ages of 16 and 34 drove 23 percent fewer miles in 2009 than they did in 2001. While it's tempting to attribute the decline to the recession, the study suggests the decline may continue even after the economy picks up pace. Factors like steeper fuel prices, more readily available public transportation and a shift

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The Detroit News reports used small-car prices are plummeting right along with fuel prices. The news comes courtesy of a National Automobile Dealers Association study, which says gas prices have dropped an average of 3.5 percent compared to last year. In yet another shocking reminder of just how short buyers' memories can be, analysts predict light trucks will take home the largest share of car sales this month. Even so, used car sales in general are expected to fall off by around two percent. T

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The Detroit News reports used small-car prices are plummeting right along with fuel prices. The news comes courtesy of a National Automobile Dealers Association study, which says gas prices have dropped an average of 3.5 percent compared to last year. In yet another shocking reminder of just how short buyers' memories can be, analysts predict light trucks will take home the largest share of car sales this month. Even so, used car sales in general are expected to fall off by around two percent. T

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Memorial Day weekend is always a good opportunity to hit the road, and despite the sour state of the economy, AAA feels this weekend will see more travelers in their cars than last year.

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