Gas Pump Prices Fall in Wake of Hurricane Sandy
The price of gasoline fell Tuesday after Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.
Nymex
Oil Speculators: Manipulators or Savvy Investors?
As the price of oil has soared over the past few months, an army of commentators has accused "speculators" of manipulating the oil market to profit from the misery of the American people. But how much are these big investors to blame for our pain at the pump, and how much is simply a matter of supply and demand?
The Fix for High Oil Prices? Regulate the Speculators
As the crisis in Libya continues to shake world oil markets, many voices are calling for President Obama to tap into the Strategic Petroleum Reserve. With gasoline prices up 33 cents a gallon in the last month, that's a tempting idea. It's also the wrong one.
High Heating Oil Prices Continue to Drain Wallets
Winter in the Northeast was particularly brutal this year, but not enough to account for the likely record prices. Blame crude oil's recent price jump for that. But the chills could become even worse if Obama's proposed cut in low-income energy subsidies passes.
Gasoline Tops $3 a Gallon for First Time at Christmas
It may be the happiest season of the year, but higher crude oil prices that have translated into higher gasoline prices have many motorists frowning. The weak U.S. dollar and expectations of a more robust economic recovery in the coming year have helped push oil to over $90 a barrel.
Gold Loses Its Luster in Thursday Trading
Gold prices suffered their biggest one-day drop since early February after the European Central Bank's emergency funding programs suggested the Continent's financial system may not be as wobbly as initially thought.
