Savings Shrink as Americans See Biggest Monthly Income Drop in 20 Years
Savings have fallen this year, as American households in January experienced the worst 1-month income drop since 1993.
gasoline
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.
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.
Do Gasoline-Saving Engine Additives Work?
It happens like clockwork with every oil price shock -- drivers search for a wonder engine additive that will help their gas mileage. But can any of the engine additives currently on the market substantially increase gas mileage?
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.
Why Gas Prices Are Quick to Rise, Slow to Fall
As soon as oil prices rise, it takes little time before drivers begin to feel the pain at the pump. But it takes far longer for price decreases to reach consumers. Here's why.
Gas Prices Surge Again, Renewing Talk of a Double-Dip Recession
A gallon of regular gas climbed to $3.503 on Sunday -- nearly 38 cents higher than a month ago and up 15 cents in a week, renewing talk of a double-dip recession.
Why Gas Prices Keep Rising After Oil Prices Have Slid
Oil prices fell below $97 per barrel Monday -- from more than $100 a few days ago -- on reports that Libya's still exporting oil. But gasoline prices continued to rise, jumping 8 cents over the weekend.
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?
As crude prices keep inching upward, the threat to both the U.S. and global economy is clear. While OPEC says don't blame us, the Interational Energy Agencys says: "This is a wake-up call to the oil-consuming countries and to the oil producers."
BP Station Owners: Surviving a Debacle and Rebounding
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn't own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.
Ford to Expand Stop-Start Technology From Hybrids to Conventional Cars
The auto giant announced plans Monday to extend its start-stop technology -- a feature common to gas-electric hybrids -- to its conventional gasoline-powered passenger cars and SUVs as well.
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.
Lower Inventory and Higher Demand Pump Oil Prices Past $90 a Barrel
Lower U.S. petroleum inventory and higher demand pushed oil prices past the $90-a-barrel mark Wednesday. Gasoline prices remain near $3 per gallon as a result.
Climbing Oil Prices Threaten Economic Recovery
Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel and petroleum-based chemicals. How high is too high?
Volvo, Jaguar Recall Thousands of Vehicles to Fix Fuel Systems and Wipers
Luxury automakers Jaguar and Volvo are each recalling about 6,000 recently made automobiles to repair faulty windshield wipers and fuel systems, respectively, according to a notice Monday from federal safety officials.
Gas Prices Jump by a Nickel as Oil Rises
Prices at the pump got a little more painful over the past two weeks as crude oil continues to rise. Oil has risen as a weak economy and expectations of further action by the Federal Reserve drive the dollar down.
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
Gas prices reversed sharply over the past two weeks, falling more than 7 cents to an average of $2.70 a gallon for regular unleaded. A drop in oil prices helped reduce the pain at the pump, bringing gas prices to the lowest level since February.
Gas and Autos Pumped Up July's Retail Sales Rise
Investors may get some relief from strong gasoline and auto sales, which helped lift retail overall and should ease some fears of a double-dip recession. Excluding gas and autos, most segments showed good year-over-year gains and small but as-expected month-over-month rises.