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0API: June demand for gasoline at lowest level in six years 1280404680
According to the American Petroleum Institute's (API) Monthly Statistical Report, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago. Though the drop in demand is minuscule, it does provide us with an ...
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Report: India goes on general strike to combat high fuel prices 1278678360
Governments the world over are doing their best to stave off budget shortfalls, and India has taken to upping the cost of fuel to cover its overhead. Turns out the common man isn't much for those kinds of shenanigans. According to the BBC News, after fuel prices shot skyward, opposition to the ...
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Taxes drive gas prices to over $7 a gallon in UK, mass boycott coming soon 1271851140
Through the power of Facebook, up to a half a million drivers in the UK are expected to boycott gas next month shortly before the nation heads to the polls for a general election in which Prime Minister (PM) Gordon Brown is fighting stiff competition for the win. Many Brits are upset with recent ...
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REPORT: Consumers increasingly shying away from small cars; owners unhappy 1254871800
2011 Chevrolet Cruze - Click above for high-res image galleryWhen gas prices spiked above $4 per gallon in the summer of 2008, car buyers appeared to find their small car zen. Toyota Corollas, Honda Fits and Civics, Chevrolet Cobalts and Ford Focuses were flying off dealer shelves at a fevered ... -
REPORT: BP finds big oil in Gulf of Mexico 1252188180
Even during the recession, oil is hovering at around $70 per barrel. There are many reasons for elevated oil prices, such as emerging markets demanding more crude and market speculators. Perhaps the biggest reason of all, however, is that oil is just harder to come by, as all the obvious spots have ...
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New Hyundai Assurance provision locks gas at $1.49/gal for one year [w/VIDEO] 1246375680
Hyundai Assurance Gas Lock ads – Click above to watch the videos after the jumpHyundai is piling on additional incentives to boost its Assurance program as the industry heads into the dog days of summer. The newest promotion, Gas Lock, fixes the price of regular unleaded at $1.49 per gallon ... -
Kuwaiti Oil Minister reportedly says OPEC won't increase production until prices hit $100/barrel 1244753820
America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...
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REPORT: Energy Department predicting summer gas price high of just $2.30/gallon [w/POLL] 1239821820
Click on the image above to take our summer of 2009 gas price pollWe've heard it a million times: What's good for General Motors is good for America. Well, if low gas prices are good for America (and that is a debatable point), then Charles Wilson's saying does not work the other way around. ... -
Gassed Up: Exxon Mobil posts record $45.2 billion profit in 2008 1233336540
Another year, another record profit statement from Exxon Mobil, the world's largest publicly traded oil company. The specific mind-numbingly large figure is $45.2 billion, which translates to $8.69 per share. While this figure handily beats the previous record of $40.6 billion that had been set by ...
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Interactive map reveals our global oil useage by barrel, money 1231599720
The Rocky Mountain Institute has created a nifty interactive map that shows you where the U.S. gets its oil from, along with how much - and who - the U.S. pays for its oil. Based on the thickness of the lines, you can see just how much black stuff is coming from where. The map goes as far back as ...

