Despite operational problems that have kept U.S. refineries running at rates well below normal levels for weeks, gasoline production in the United States is nearing record highs.
Even in a time of sky-high gas prices, nearly 9 out of 10 workers commuted to work by car in 2005, the Census Bureau revealed in its "American Community Survey".
In its weekly inventory report, the Energy Department's Energy Information Administration said gasoline stockpiles were unchanged last week and refinery utilization fell. Analysts had expected solid increases in both measures. As a result, some analysts think prices at the pump are about to stop falling.
Even though gas prices have broken record after record this year, motorists should know that the state's corn and ethanol producers are working hard to lower the cost at the pump.
While political leaders strive to placate constituents forking over more of their income at the pump, there's a group of energy experts arguing that gas is too cheap.
Just a month after reaching all-time records, California gas prices are down at least 15 cents from those record heights in most areas, according to prices compiled for the American Automobile Association.
Fuel shortages will become even more common unless the United States finds alternative ways of supplying the product or consumer demand decreases, a ConocoPhillips official said Tuesday.
Fuel shortages will become even more common unless the United States finds alternative ways of supplying the product or consumer demand decreases, a ConocoPhillips official said Tuesday.
Fuel shortages will become even more common unless the United States finds alternative ways of supplying the product or consumer demand decreases, a ConocoPhillips official said Tuesday.
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Crude oil pared gains on speculation the U.S. would have enough gasoline to meet demand as the summer driving season got under way.
Crude oil pared gains on speculation the U.S. would have enough gasoline to meet demand as the summer driving season got under way.
Crude oil pared gains on speculation the U.S. would have enough gasoline to meet demand as the summer driving season got under way.
Crude oil pared gains on speculation the U.S. would have enough gasoline to meet demand as the summer driving season got under way.
Commodities Trading Off A Bit This Morning On The "Resolution" of the Nigerian Oil Workers Strike. I put no faith in the fact that anything was resolved.
In the many conversations I've had about gasoline prices since a short report I wrote for the Canadian Centre for Policy Alternatives was released in early May, I've heard just about every justification for high gas prices one could imagine.
With gasoline prices rising, political rhetoric is rising even faster. Liberals have launched a war of words, whose net result may be a demand for some form of price control.
Gas experts place the blame for high prices on a national gas shortage that is concentrated in the Midwest. They say the shortage is caused by: ( read more )
Yet no new refinery has been built in the United States in three decades, only one is in the works and oil companies are scaling back planned investments in new, expanded or modernized U.S. refineries rather than increasing them.
Greenville- Now that gas prices are hovering at around $3.50 a gallon, more drivers are choosing to run their vehicles on the E-85 ethanol-gasoline blend.
Gas prices are hitting record highs, sending the nation into a spasm of shared angst. Average prices nationwide now exceed $3.22 for a gallon of regular, and many people are pledging to drive less while politicians agitate against "price gouging" and fat oil company profits.
New Jersey officials today reminded motorists that gasoline retailers may be charging two different prices per gallon of gasoline, depending on whether payment is made by cash or credit card.
Analysts say gasoline prices haven't harmed May auto sales, with trucks and SUVs expected to be up.
This is getaway day for what's looked at as the unofficial start of summer. Millions of people will be climbing into their cars or getting on airplanes for the Memorial Day weekend.
Some simple saving tips can add up - especially as gas prices keep moving higher.
Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas.
The group warned in congressional testimony this week it believes that more record prices could be on the way. It's forecasting prices will approach $3.25 a gallon over the next 60 days.
Despite record fuel prices above $3 per gallon, more Americans will travel by car over the Memorial Day holiday weekend than a year ago, according to a survey by travel agency AAA.
The United States is likely to face several more years of high gasoline prices as refining capacity is expected to remain tight in the years ahead, a panel of high-ranking witnesses warned the Senate Energy and Natural Resources Committee on Tuesday.
Crude oil was little changed in New York after stalling yesterday at a one-week high on speculation fuel prices may fall as U.S. refiners increase gasoline production to bolster summer stockpiles.
Whatever the approach, people across the region are responding to the higher cost of gas, which last week topped $3 a gallon for regular unleaded.









