fuel prices

U.S. Consumer Prices Flat in January for 2nd Month

U.S. consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve leeway to continue its efforts to stimulate growth. Excluding the volatile food and energy categories, core prices rose 0.3 percent in January, pushed up by higher costs for apparel, air fares and rents.

Chevron Strategist: Era of Cheap Natural Gas Will End Soon

Right now, with the spread of fracking technology, America is in the midst of a natural gas boom that is keeping prices for the fuel low. But according to a key strategist at Chevron, the era of an abundance of cheap natural gas in the U.S. will be short-lived.

5 Reasons We'll See $4 Gas by Memorial Day

Gas prices dropped at a pretty good clip in the latter half of 2011 -- down around 20% to about $3.25. Hope you enjoyed it while it lasted, because gas is back on the rise. It's near $3.50 now, and the key trends all signal that it'll keep going higher.

Prepare for Higher Heating Bills this Winter

This winter's weather is forecast to be milder than last year's, but many Americans will get a cold chill when they open their heating bills. Average household spending for the season will rise for natural gas and propane, and those who use heating oil will see their highest winter bills ever.

The Upside of Economic Worries: Lower Gas Prices

For the first time in months, retail gasoline prices have fallen below $3 a gallon in places, including parts of Michigan, Missouri and Texas. And the relief is likely to spread thanks to a sharp decline in crude oil prices.

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: Down Lately, But Up 30% From 2010

Most of the media coverage about gas prices lately is focused on the fact that they've fallen from an average of $3.98 to $3.58 in about two months. What's rarely mentioned is that the cost per gallon is still 30% higher than it was this time last year, when a gallon cost $2.75.

Airline Profits Forecast to Fall as Fares Keep Rising

The International Air Transport Association has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA downgraded its 2011 airline industry profit forecast to $4 billion -- 54% less than its March forecast and 78% less than the industry netted in 2010.

Reduce Gas the Easy Way: Bike to Work, School

With gas prices closing in on a national average of $4 a gallon, it's getting hard not to panic about fuel prices. There are other options to get you from point A to B besides revving up your engine though, including dusting off your old bicycle. And what better time than "Bike to Work and School" month?

Sound Off! How Are You Saving at the Pump?

Once again, gas prices are hitting the stratosphere and, once again, many are dragging out the same old suggestions for saving money at the pump. Have you found any interesting or innovative methods to save money at the gas station?

Higher Gas Costs Drive Up Used Car Prices

Higher gas prices are beginning to bite in new and unusual ways. Not only are prices going up at the pump, but they are being propelled upward for smaller, fuel efficient vehicles on used car lots nationwide. Here's why.

How to Suffer Less Pain at the Pump

The rising price of gasoline -- an unavoidable expense for many -- is a worrisome fact of life that can send your blood pressure up right along with those price hikes. Here are some simple ways to trim your gas bill as the national average nears $4.

Drivers Hit the Brakes as Gas Prices Rise

With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves. Others are reconsidering mass transit or trading in their SUV for a more fuel-efficient model.

17 Ways to Cut Gas Costs

You've heard the (often conflicting) wisdom about saving money on gas: Turn off the AC (or don't). Fill your tires (just exactly enough). Drive more...

Bernanke: High Oil Prices Could Harm U.S. Economy

Testifying before a congressional committee Tuesday, Fed chief Ben Bernanke warned that a prolonged increase in oil prices poses a "threat" to economic growth. He also noted that it will take several years before the jobless rate drops back to normal.

Buddhist Economics? Raj Patel Suggests a New Idea of Value

Worried about the meaning of existence? You might want to check out Raj Patel's best-selling book "The Value of Nothing." Its message about how we value -- and misvalue -- the world and ourselves charts a middle path toward a society in which our economic choices aren't dominated by Big Brother or big corporations.

Oil Prices Are Likely to Drop Before They Rally Again

With an oversupply of oil on the market and OPEC afraid that higher prices will impair the U.S. recovery and sap demand, the fundamentals point to an oil price drop in the near term. Yes, markets move on emotion, and fears about unrest in Egypt have reversed that downward price trend, but the drop is probably coming.

How to Cope With Rising Gasoline Prices

The U.S. started 2011 with the highest gas prices ever for January. That doesn't bode well for the coming months, but the sky isn't falling. Here's what you can do about those higher fuel costs, including how to make investments that will profit from them.

FedEx Will Boost Shipping Rates 3.9% in January

FedEx, the world's biggest air-cargo carrier, will boost shipping rates in January as it looks to offset the effects of rising fuel costs on its bottom line. The company will increase FedEx Express shipping rates for domestic and export services by an average of 3.9%.

What It Costs to Fill 'Er Up Around the World

Americans may grumble about paying the current average of $2.72 a gallon. But that's way better than what folks in Eritrea are forking over: $9.59. Venezuelans barely pay anything -- gas there goes for 6 cents a gallon. Here's a look at prices in 34 cities worldwide.