Filling up at the gas station has been a much more pleasant experience for Americans since last fall. Regular gas is now less than $2 a gallon in many states, down from around $3.30 just a year ago.
Despite a collapse in oil prices of 50 percent since summer’s end, Saudi Arabia, whose vast production capacity has enabled that country to modulate world oil prices by adjusting its output, “effectively resigned from that role,” Daniel Yergin wrote in this past Sunday’s New York Times Week in Review. Show More Summary
Gas prices are plummeting across America thanks in part to the country doubling its daily oil exports, which is made possible by chemical fracturing technology that scientists have said wreaks havoc on the environment. Here are someShow More Summary
Although President Obama’s poll numbers have gone up (coinciding with an uptick in the economy and lower gas prices), opinions about his national security policies and rhetoric remain staunchly negative. In the latest Fox News poll, Obama’s overall approval rating is up to 45 percent, but a large plurality (47 percent) thinks he tries to downplay the […]
The more affordable prices are giving businesses the freedom to expand.
Following a short-lived price increase over the course of November, natural gas prices have dropped to their lowest levels since all the way back in September of 2012, which is a reflection of very strong and healthy domestic production and inventory builds. read more
(Reuters) - ConocoPhillips, the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices. ConocoPhillips, which previously announced plans...Show More Summary
Simon Bullock, senior campaigner at Friends of the Earth, asks: How should governments react to the drop in oil price? This month, a powerful article in Nature highlighted yet again that most of the world’s oil, coal and gas needs to stay in the ground, if we want to prevent dangerous climate change. Show More Summary
As the price of oil has plunged, so has the price of gas in the US. And while this sounds great, it has created a potentially major political problem. Here's some reporting from Bloomberg's Jeff Plungis and Mark Drajem: Data show consumers...Show More Summary
Right now we are seeing record low gas prices, with less pain at the pump many car buyers aren't seeking maximum fuel efficiency. Since diesel can be a tough sell, fans of oil burning cars might worry that their options could be limited. BMW has announced that they are staying in the diesel game in the US for awhile. Read more...
When supplies of dry US natural gas swelled several years ago as companies honed their shale resource development skills, gas prices dramatically declined. This caused natural gas producers to shift drilling operations into more liquids-rich areas and adjust their production more toward oil. read more
Now that gas prices have gone lower, SUV and truck sales have seen an uptick. But fuel economy still plays a big role in car-buying decisions. New-Car Fuel Economy Still Important To Buyers was originally published on CleanTechnica. To read more from CleanTechnica, join over 50,000 other subscribers: Google+ | Email | Facebook | RSS | Twitter.
GE is one of the largest suppliers of oil and gas drilling machinery, and this business constitutes about 15% of the company’s total industrial earnings. So, the decline expected in this business in 2015 will temper growth from other businesses such as aviation. Show More Summary
Even though fuel prices have precipitously dropped in recent months, no one wants to waste their gas because of a fuel leak. For that reason, and because a fuel leak could lead to a vehicle fire, Volkswagen is recalling nearly 26,000 sedans and SUVS in the U.S. and 80,000 worldwide. The National Highway Traffic Safety Administration reports [PDF] … [More]
While it may have gotten overlooked due to the weak equity market, weak economic data, and weak earnings reports, there was one record losing streak that actually came to an end yesterday. According to AAA, the average price of a gallon of gas rose from $2.033 up to $2.038, ending a record streak of 123 days without a gain. Show More Summary
For the first time in four months, gasoline is a little more expensive today than it was yesterday.
It makes sense for a business or a government service to impose a fuel surcharge During a time when fuel prices are rising out of proportion to the rest of the economy. What about when fuel prices are falling, though, as they are right now? A trash pickup customer in Modesto, California dared to ask that question, and got…a pretty … [More]