Gas prices News

Greeks spend more of their income on petrol than other nations, according to a gasoline price country comparison survey by Bloomberg. At $8.62 per gallon Greek prices are the sixth most expensive by country comparison.

Melbourne - With the population of Illinois, Australia has gas to spare. Developments in Canada and the US are, however, expected to undercut Australia’s push to become one of the world's largest exporters of hydrocarbons.

After a stretch of time where consumers saw high gas prices, this week consumers saw some relief at the pump, however with Hurricane Sandy on the way, this could lead to increases in gas prices.

Some New Jersey and Pennsylvania gas station owners are upset with the LUKOIL franchise. In protest, retailers hiked their gas prices up to $9.99 per gallon yesterday.

Walmart announced a new initiative which the company says is designed to give consumers a break. The retail giant has decided to bring back its "Great Gas Rollback" program.

Four separate reports out this week suggest that the pain at the pump is starting to gradually ease for most Americans and possibly showing signs that the worst may be over.

Decatur - Scammers, who presumably are not keen on paying the high prices at the pump, have developed a creative way to bypass giving in to those elevated prices.

India buys 75 percent of its oil from foreign sources, prompting experts to declare it one of the countries hardest hit by rising oil prices.

Drivers in France are gearing up for a petrol pinch. Recent reports suggest that record high gas prices are hitting parts of the country, with gas costing 1.62 Euros per liter. That works out to the equivalent of $8 American per gallon.

It appeared obvious months ago when "experts" predicted $5 a gallon gas prices, that speculation was again manipulating the prices consumers pay at the pump. Now that all the speculator rhetoric has proved fallacious, it's all too clear.