Chevron's Quarterly Profit Falls on Lower Oil Prices
Chevron says its quarterly profit fell 5 percent in the first quarter as oil prices slipped.
refineries
U.S. Crude Oil Inventories Rise to Highest Level Since 1990
Oil prices fell more than 2 percent on Wednesday as U.S. crude oil inventories grew to the highest level since 1990 and weak economic data stoked worries about energy demand.
Why Gas Prices Haven't Fallen Yet
The smart money has been predicting lately that gas prices would fall. Oil has been below $90 a barrel since early August and the International Energy Agency has cut its estimates for crude oil use for the year. But the price of a gallon of unleaded is the virtually the same as it was a year ago.
Good News on Gas Prices: A Sharp Drop Is Just Ahead
With security concerns in the Middle East receding and the commodities bubble deflating, oil prices are headed sharply lower. Gas prices should follow suit: Analysts say that prices will get 25 cents a gallon cheaper in the next few days, and drop even further as the summer rolls on.
Five Oil Stocks To Offset Your Pain at the Pump
Given the prospect of $4-plus gasoline this summer, what's an American to do? Beyond switching to a higher-MPG vehicle, you can consider buying some oil stocks with plenty of upside potential. Here are five candidates, if your risk appetite is hardy enough.
Premium Gas Tops $3, and Regular Isn't Far Behind
Over the last three weeks the price of gas has risen 3.8%. A gallon of regular gas is now, on average, $2.85.
Oil Prices May Drop in 2010, But No Break for Motorists
Oil prices are showing signs of moderating, with a barrel of crude now worth about half of its all-time of $147 a barrel in 2008. But U.S. motorists may not benefit much at the pump. Refiners are expected to restore their margins that got squeezed during the recession.
