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Crude trades for around $30 a barrel, but an oil drum will set you back about $99 each.

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Midwestern Drivers Are Getting The Best Deals

Gasoline prices are down about 35 percent in the past year, while diesel prices have plunged almost 50 percent.

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Castrol thinks it can revolutionize oil changes with the Nexcel that puts everything in a single unit that people can switch out in just 90 seconds. It premieres on the track-only Aston Martin Vulcan and may hit the street in a few years, too.

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We'll All Be Far Worse Off Without Fossil Fuels, Campaign Insists

Oil and natural-gas lobbyists launch a social-media campaign challenging Americans to go without fossil fuels for a week. It all starts Monday.

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It seems whatever can be burned to power a car, heat a home or make electricity, or ship people and goods is being sold at bargain basement prices.

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In an annual survey of car owners, significant numbers reported what Consumer Reports considered to be excessive oil consumption.

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Crude oil supplies are on pace to reach their longest surplus since 1985 and are just one quarter away from meeting the previous six-quarter record set in 1997 and 1998.

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Kids In Former Oil Boom Town Convert Water To Hydrogen To Show Advances

Toyota touts Mirai hydrogen fuel-cell vehicle via a video involving the town of Titusville, Pennsylvania.

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Oil will be priced well under $100 a barrel for the next decade because of higher supplies, OPEC predicts.

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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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OPEC writes that "pure plug-in electric cars are unlikely to gain a significant market share in the foreseeable future."

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The national average for a gallon of unleaded regular gas dropped 18.2 cents to $3.05

AAA's predictions of cheap gas for the coming fall season are already being realized. Gas prices across the country are dipping to the lowest levels seen in almost four years.

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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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With all the money they generate, you'd be forgiven if you thought the roads to America's oil wells and shale fields would be paved in platinum and lined in gold. The reality is, though, that these roads are so devastated that they're starting to actively hurt the oil industry.

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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 more oil left than that. Of course, a lot of it comes from shale, which means fracking, which isn't exactly great for the environment. So, it's not all roses here.

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It's hard not to love the look of a classic Porsche. Whether it's the upside-down bathtub styling of the 356 or the gradual evolution of the 911, there is a little beauty in all of them. However, the older they get, the more that needs repaired to keep them on the road. Porsche Classic is helping out, though, by introducing its own brand of motor oil for the demands of the company's vintage, air-cooled engines.

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A massive early morning oil spill in Los Angeles has spewed some 10,000 gallons of black gold onto the city's streets. It happened in Northern LA's West Glendale, when a 20-inch pipeline burst and spattered oil on everything within in a half-mile radius.

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You don't have to be an expert to do it yourself

Cars can be complex machines, but even if you can't tell a transmission from a tailpipe, you should be more than capable of changing your own oil.

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Just because gas prices have been steadily declining since March doesn't mean we should all get comfortable with the idea of lower refueling costs and a dependable fuel supply. In fact, a University of Maryland study titled "Economic Vulnerability to Peak Oil" pushes the panic button a bit.

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Norway is Europe's undisputed electric vehicle leader. It is also Europe's largest oil producer. The way these two facts intertwine is what The Globe And Mail calls "ironisk," the Norwegian word for, well, you can probably guess.

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An ever-increasing number of fuel efficient vehicles combined with changes in driving habits have contributed to reduced petroleum consumption in recent years in both North America and Europe. Despite this, global petroleum consumption is on the rise, according to the US Energy Information Administration. Global consumption of gasoline, diesel, jet fuel, heating oil and other petroleum products reached a record high 88.9 million barrels per day (bbl/d) in 2012. Growth in Asia and other regions m

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