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gas prices

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    Report: OPEC quietly telling oil market to get comfy with lower prices
    1413232020

    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 ...

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    Report: BP says we have 53.3 years of oil left
    1404388920

    Okay, okay, okay – it's not as bad as that headline says it is. First of all, even if we did only have 53.3 years of oil left, it'd represent a 1.1-percent improvement over last year's estimate, to 1.69 trillion barrels of oil left. But more importantly, we probably have a hell of a lot ...

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    ETC: Fourth Of July is a terrible day to be on the road
    Gas Prices Expected To Be Highest In Six Years 1404320460

    Planning a road trip over the Independence Day weekend? After reading this, you may want to just stay home. Experts say drivers will endure heavy traffic, high gas prices and high numbers of traffic fatalities on the nation's roadways throughout the July 4 weekend. Motorists will pay the most ...

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    Report: White House urges Congress to shore up depleted Highway Trust Fund
    1400081460

    The United States Highway Trust Fund is getting closer to running out, and the federal government is scrambling to find a way to keep it in the black. The fund pays for a significant portion of the upkeep for the country's interstates, bridge repairs and some public transportation projects. It's ...

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    Report: Venezuela may be losing its nickel-a-gallon gas
    1388098800

    There aren't many places in the world where one can buy a gallon of gas for the equivalent of a nickel, but, for the time being, Venezuela is one of those places. There the price of gasoline has been frozen for nearly two decades, but the country's president, Nicolas Maduro, says he favors ...

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    Report: US predicts gas will still be king in 2040
    1387738800

    A new report from the Department of Energy predicts that gasoline will still be the fuel of choice for a vast majority of the auto industry over 25 years from now, although it will be slightly less dominant than it is today. The report, from the DoE's Energy Information Agency, predicts that by ...

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    Report: House proposes 15-cent federal gas tax hike [w/poll]
    1386279000

    The cost of a gallon of fuel may go up if a Democratic representative from Oregon gets his way. Earl Blumenauer has reportedly proposed a bill in the House of Representatives to raise the federal gas tax 15 cents per gallon in a bid to cover a shortfall in transportation funding (we told you ...

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    Report: Gas prices could fall below $3/gallon before year's end [w/video]
    1383947940

    Here's a welcome holiday present for motorists - gas prices may fall below $3 a gallon before year's end, with some 35 states already reporting at least one station with prices below the mark, according to a report from CNBC. That's a big drop from the current $3.25/gal national average, and it ...

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    Study: What price makes gas too expensive?
    1367497800

    Gas prices are substantially lower than they were a year ago, but according to a new gas-price index released by AAA, about 61 percent of those polled said that prices are too high when gas is above $3.50 per gallon – the current national average for regular gasoline is $3.51 per gallon. ...

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    Study: US families spent an average of nearly $3,000 on fuel last year
    1360089060

    Does it feel like more of your paycheck is going to pay to fuel up your vehicle? According to the US Energy Information Administration, it is. Last year, the average US household paid $2,912 for gasoline, which represents almost four percent of the average household annual income. The government ...

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    Report: How this summer's drought might affect your car's gasoline
    1352935800

    In 2007, then-president George Bush signed a law that required increased production of ethanol. Swelling ethanol demand for fuel combined with this past summer's drought has driven the price of corn (used to make ethanol) up. In fact, prices have swollen some 400 percent in the last seven years. ...

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    Report: Italians buy more bikes than cars for the first time since WWII
    1349379900

    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. According to ...

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    Report: Why gas stations in NJ, PA are selling $8/gallon gas in protest
    1347471060

    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 ...

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    Report: You think gas prices are bad here, Italians are paying $9.50/gal
    1346934480

    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 ...

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    Report: Rising fuel prices got you down? Blame Twitter
    1344375000

    The power of social media has revealed itself today in the form of fluctuation in fuel prices based on a false tweet. According to The Wall Street Journal, a Twitter account claiming to be Russian Interior Minister Vladamir Kolokoltsv tweeted that Syrian president Bashar al-Assad had been ...

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    The U.S. is exporting oil products, so why is the price of gas still high?
    1339110000

    It has always been the habit of the party that doesn't occupy the White House to blame various ills on the party that does. Especially in the past few years when it has come to gas prices, the party-in-waiting has blamed the POTUS for "pain at the pump." We're not taking sides here – ...

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    Report: Values of small used cars fall in lockstep with gas prices
    1338470100

    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 ...

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    Video: ABC: Thousands of rejected/condemned gas pumps in use, could cost you $$$
    1337695140

    Most of us likely assume that the gas pump that is providing petrol is giving you the fuel that you pay for – no more or less. While that may be true in most cases, ABC News in Baltimore, Maryland proves that sometimes pumps do bad things to good people. The report details Maryland state ...

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    Report: Analyst suggests gas prices may have peaked at $3.92/gal
    1334158200

    High gas prices burning through your checking account faster than a Bugatti Veyron through premium? At least one analyst says the pressure might drop soon. Patrick DeHaan, senior analyst for gasbuddy.com thinks fuel prices have peaked for the year, with the national average sitting at $3.92 for ...

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    Report: Shell struggles to pay $1B oil bill to Iran due to sanctions
    1332858540

    With the price of a barrel of oil beyond $100 per drum, global oil powerhouse Royal Dutch Shell is raking in some serious coin. But while Shell is bringing in the big bucks, it still cannot pay one very important client. Bloomberg is citing four sources who claim that Shell is finding it ...

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