gasoline

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."

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.

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.

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 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.

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?

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.

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.

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. Sponsored Links Ethanol...

The average price of regular gasoline jumped 8.23 cents in the last two weeks, fueled by a jump in crude oil prices. The latest Lundberg Survey said that the price of a gallon of regular gasoline is now $2.77, The Associated Press reported. Sponsored Links San Francisco had the highest price of...