Accounting for the social costs of burning gasoline would add an average of $3.80 per gallon to the pump price, a study has found. The post Gas Should Cost $6.27 A Gallon To Account For Health And Environmental Impacts, Study Finds appeared first on ThinkProgress.
CALGARY, Alberta (Reuters) - Encana Corp, Canada's largest natural gas producer, said on Wednesday it plans to raise up to C$1.44 billion ($1.16 billion) through a secondary share issue as the company looks to bolster a balance sheet weakened by low oil and natural gas prices. Show More Summary
California gas prices have shot up about $1 a gallon in the last month as oil refineries have been idled by a labor strike and an explosion.
The oil industry has taken a huge hit from plunging oil prices, according to the latest Fed Beige Book. The impacts are nation-wide, though largely centered in the Midwest: Oil and natural gas drilling declined in the Cleveland, Minneapolis, Kansas City, and Dallas Districts. Show More Summary
New models calculate and compare the true costs of various fuels to health, climate and the environment. Viewed this way, a gallon of gas costs $3.80 more than the pump price. The social cost of a gallon of diesel is about $4.80 more than the pump price; the price of natural gas more than doubles; and coal-fired electricity more than quadruples. Show More Summary
Bourbon SA, a French supplier of ships and crew to oil and natural gas producers, said margins may drop this year following a 36 percent profit slump in 2014 as customers reduce investment. The post Bourbon Profit Hit by Oil Price Slump, 2015 Margins On Deck appeared first on gCaptain Maritime & Offshore News.
Gas prices have rebounded a bit, but they remain low enough to kill the cost-saving argument for buying a plug-in electric car like the Nissan Leaf or Chevy Volt.
Americans want Congress to act to restore ACA subsidies if the Supreme Court axes them. Another poll finds support for ground troops to fight ISIS. And a rebound in gas prices puts a damper on rising economic confidence. This is HuffPollster...Show More Summary
Many consumers have been banking the financial windfall they're getting at the pump, but that trend could be short-lived
Gas prices are falling. That’s bad news for companies that are trying to sell expensive fuel-efficient cars like hybrids. And it’s especially bad news for companies that sell really expensive cars that don’t use gasoline at all—i.e. Show More Summary
Russian President Vladimir Putin called Ukraine's decision to raise the gas price by six times a humiliation for the country's populace.
By one measure, the U.S. economy is the best it's been since the presidency of Dwight Eisenhower.
Here's why pump prices have climbed for 35 consecutive days, the longest such streak since early 2013
By one measure, the U.S. economy is the best it's been since the presidency of Dwight Eisenhower. The recent plunge in inflation has helped drive the U.S. Misery Index to its least miserable level since the spring of 1959.
In its January sales update, the company said that its net sales for the three month period ended February 1 increased 6% to $49.01 billion, easily surpassing the growth in the U.S. retail industry during the same period. The warehouse retailer’s overall comparable sales growth for the period stood at 7% with similar growth in the U.S. Show More Summary
Isn't it great that gas prices have come down? That means consumers will have more money to SPEND, SPEND, SPEND. You got a raise? Great! Now you have more money to SPEND, SPEND, SPEND.
It’s not a perfect storm, but there are three storm clouds on the horizon that could cause you to pay even more at the pump later this year.
Consumer spending bounced back in January after taking into account sharply lower gas and energy prices, the Commerce Department said Monday.