Gasoline

Gas Prices Move Even Lower Ahead of Labor Day

The drop in gasoline prices has begun to accelerate, with the cost of a regular gallon declining almost 10 cents in the last month. At this rate, could prices drop below $3.50 in mid-September, after the end of the Labor Day driving season?

Gas Prices Start Falling After Oil Decline

It looks like consumers are finally starting to see lower prices at the pump, with auto club AAA reporting a modest decline in gas prices this week. The drop comes after crude oil prices have fallen 20% since July. What does this mean for the economy?

More Gas Saving Ideas: Suggestions From Left Field

We've already shared some ideas from our readers on ways to economize, squeeze extra miles out of your tank, and find surprising discounts. In the final part of this series, we'll take a peek at some of the more unusual methods that you offer for reducing pain at the pump.

Gas Prices Around the Globe: The Highs and the Lows

With U.S. gas prices near historic highs, Americans are anxious about the cost of filling up. But we still feel far less pain at the pump than drivers in many other developed nations. On the flip side, if you drive in the right world cities, you can still pay less than $1 a gallon.

Gas Prices Drain U.S. Consumers' Tax-Cut Savings

Americans are earning and spending more, but a lot of the extra money is going down their gas tanks. Gas prices have drained more than half the extra cash Americans are getting this year from a cut in Social Security taxes.

Natural Gas: A Cure for America's Crazy Oil Addiction

Events in the Mideast have, once again, revealed the U.S. economy's vulnerability to an oil shock. Now more than ever, the nation must reduce its consumption of oil, especially from abroad, and become energy self-sufficient. And the way to do it is with our abundant domestic sources of natural gas.

Will the Economic Recovery Slide on $90 Oil?

Oil prices, up more than 25% since August, are testing the $90 per barrel level and appear to be headed higher -- into what the International Energy Agency calls 'a dangerous zone' for the global economy.

BP Station Owners: Surviving a Debacle and Rebounding

During the height of the bad publicity from the BP oil spill, there was much speculation about whether independent gas station owners would ditch the beleaguered oil company's brand. By and large, though, that didn't happen, and in the months since the disaster, business at many BP stations has rebounded.

Gas Prices Jump by a Nickel as Oil Rises

The average price of gasoline rose by just over a nickel in the last two weeks, as rising crude prices hit consumers. The average price of self-serve regular gasoline was $2.82 a gallon on Friday, according to the latest Lundberg Survey. That%u2019s 5.23 cents higher than two weeks earlier.

EPA to Raise Limit on Ethanol Concentration in Gasoline

The government will raise the limit on ethanol concentration in gasoline for some cars. The Environmental Protection Agency will raise the limit to as much as 15%, from the current 10%, for vehicles made in 2007 or later, Bloomberg News said without naming its sources.

Gas Prices Rise 8 Cents, Fueled by Crude Oil Jump

The average price of regular gasoline jumped 8.23 cents in the last two weeks. The latest Lundberg Survey said that the price of a gallon of regular gasoline is now $2.77, The Associated Press reported.

Penske to Sell Nissan-Made Smart Car

Penske Automotive Group, a chain of car dealerships, reached an agreement with Japan%u2019s Nissan Motor Co. (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name. Penske hopes that adding the Nissan-made car, a four-door hatchback, to the Smart line will boost sales, The Wall Street Journal reported. The company already sells a two-passenger minicar made by Daimler AG.

Why Gas Prices Are Falling in Time for Labor Day

The price per gallon for gasoline is at the second-lowest level in five years, and some economists predict it could drop much further soon. The reason: More-than-ample inventories of crude oil and refined petroleum products.

Winter Prediction: Extra Cold, But with Low Oil Prices

The mid-Atlantic region, hard hit last winter, will catch a break from the weather next time, says the Farmer's Almanac, but much of the rest of the U.S. will be colder than normal, New England in particular. For those who heat their homes with oil, however, lower prices should ease the season.

U.S. Drivers Get a Big Break at the Gas Pump

Gasoline prices fell by just over 7 cents a gallon in the U.S. in the past two weeks, and are likely to stay steady. The Lundberg Survey, carried out on Aug. 27, found the average price of regular self-serve gasoline at $2.70 per gallon - a decrease of 7.54 cents from two weeks earlier, according to CNN.