Gas prices News
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America's energy sector is taking a hard hit this week with the closure of the Colonial Pipeline that supplies the populous East Coast with over three million barrels of fuel a day.
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In 2016, global gas prices are expected to remain low, despite the fact that consumption is expected to increase. What does this mean for the global economy and your wallet?
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The U.S. is already baffled by low fuel prices this year and experts are expecting those prices to continue to drop. Some are even expecting the prices to get as low as $2 this winter.
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London -
French energy firm Total are to announce a multi-million pound investment plan in UK shale gas which would see them become the first big investor in the industry.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Washington -
Exxon Mobil CEO Rex Tillerson has labeled an attempt by US Senate Democrats to pass a bill that would repeal tax breaks for oil companies as counterproductive and has charged the undertaking as “misinformed and discriminatory.”
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San Antonio -
Retired Lt Gen Ricardo Sanchez will announce on Wednesday his decision to run on the Democratic ticket for the US Senate seat being vacated by Kay Bailey Hutchison, R-TX, in a move likely to spur interest among the state's growing Hispanic population.
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Baton Rouge -
As the flooding Mississippi River continues its historical downstream advance, new fears have arisen over possible inundation of oil refineries and oil and gas wells in Louisiana, prompting the state’s governor to label it a “very serious flood.”
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Gas prices are going up. We're paying nearly $4 a gallon. This affects my current lifestyle because I can no longer afford coffee.
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People in our town of Natchitoches, Louisiana are concerned that although the gas prices are $1.63/gallon, food prices are still up. We had been told that the increase in food prices had to do with the cost of delivering groceries.
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As the price of crude oil drops, the price at the pumps keeps on going up and up. In my mind, it has become official: We are being totally ripped off and I want to know what are you going to do about it.
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Off-shore drilling is a sure-fire point of discussion this fall (though both sides will agree it must be done). However, in looking at the issue it seems as though it is merely a talking point, not an issue that affects (or benefits) the average American.
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On Friday Republicans stayed on the floor of the House of Representatives demanding debate on gas prices and discussing Nancy Pelosi's refusal to allow a vote on drilling. Monday, Republicans are back on the floor while Democrats are on a 5 week vacation.
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A poll conducted by a Washington D.C. research firm showed a majority of Americans don’t believe Bush and oil industries claims that off-shore drilling will reduce gas prices.
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Gas prices got you down? Don’t despair. There is, at least, one benefit to rising gas prices, say the authors of a new study released this month—fewer auto fatalities.
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With the gas prices soaring every time we turn our heads, you have to wonder how much more can we take? Suppose we never needed gasoline or oil again?
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Dubai -
The Hollywood Reporter ran an article last Friday describing the rapidly growing and thriving entertainment scene in Dubai.
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The rising cost of oil is not only affecting food and gas prices but plant centres and nurseries are feeling the pinch too and may soon have to increase plant prices.
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A number of organizations across the U.S. have decided to allow their employees to work four days a week to save on commuting. Many more companies are likely to follow.
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Tennessee farmer and son find fuel for his tractor too expensive so they decide to hitch a pair of mules to a modified tractor rake.
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As gas prices climb, so do the incidents of gas being siphoned from cars parked unattended. It may be time for locked gas caps again.
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Gas prices Image
Gas price averages in Canada for the month of November. GasBuddy.com
A Shell Oil (Royal Dutch Shell) gas station near the interchange of California State Route 46 and Interstate 5 near Lost Hills, California. Coolcaesar
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