gas prices

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Joe Lieberman: After Japan Nuclear Troubles, Time to Put the Brakes on New US Nuclear Power Plants
 Lieberman: 
 'Put the Brakes' 
 on Nuclear Power 
TALK SHOW ROUNDUP
Mar 13, 2011 1:33 PM CDT

Lieberman: 'Put the Brakes' on Nuclear Power

Plus, the no-fly zone and more from the Sunday talk shows

(Newser) - As Japan struggles to avoid a nuclear meltdown following its massive earthquake and tsunami, Sen. Joe Lieberman thinks it might be time to stop permitting new nuclear power plants in the US, Politico reports. "I think we've got to kind of quietly—quickly put the brakes on until we...

Gas Prices Are Insane &mdash;Everywhere Else
 Gas Prices Are Insane 
 —Everywhere Else 
IN CASE YOU MISSED IT
Mar 12, 2011 12:10 PM CST

Gas Prices Are Insane —Everywhere Else

As US drivers complain, those overseas think we're lucky

(Newser) - Gas prices are climbing again, which means people are complaining, which means it's time for a spate of stories showing how relatively cheap gas remains in the US. Here's a rough estimate of world prices per gallon, courtesy of CNN :
  • US: $3.53
  • Norway: $9.28
  • Europe: Between $7.50
...

Stop Panicking About Gas Prices

 Stop Panicking About 
 Gas Prices 
OPINION
Mar 8, 2011 1:59 PM CST

Stop Panicking About Gas Prices

We survived three years ago, and we'll survive now: 'Chicago Tribune'

(Newser) - Everyone is freaking out about $5 gas , but the Chicago Tribune has an idea: Take a chill pill, it asserts in an editorial. "All those bad memories of oil soaring to $147 a barrel three years ago tend to crowd out the vague recollection that, oh yeah, prices came...

Libya Unrest Could Push Gas to $5

BP, Statoil have pulled out of country

(Newser) - Trips to the gas station could get a whole lot more painful soon, now that the unrest sweeping the Middle East has hit an oil-producing nation. Crude prices shot up 7% yesterday, and were still rising this morning, after BP and Norway’s Statoil evacuated workers from Libya, USA Today...

Just in Time for Christmas: $3 Gallons of Gas

If you aren't already paying that now, you likely will

(Newser) - The price at the pump edged up 3.9 cents in the last two weeks to an average of $2.91 per gallon, according to the latest Lundberg Survey, which sampled gas prices at 2,500 filling stations across the US. That's 28 cents higher than it was last December....

Brace Yourself, $3 Gas Is Coming Back
Brace Yourself, $3 Gas
Is Coming Back 
Analysis
Mar 2, 2010 1:46 PM CST

Brace Yourself, $3 Gas Is Coming Back

Average national price climbs, even though driving is down

(Newser) - Remember the good old days when gas was over $3? Well, get ready for some déjà vu. The average national price of a gallon climbed 4.7 cents last week alone, to $2.702, continuing a trend that saw it rise 76.8 cents over the past year, while...

US Pays $400 a Gallon for Gas in Afghanistan

Figure to become major talking point in Congress

(Newser) - As debate over the Afghan war heats up, expect Congress to heavily quote a new statistic from the Pentagon: $400. That’s how much the US pays, on average, for every gallon of fuel put into its planes and combat vehicles in Afghanistan, military officials recently told the House Defense...

Traffic Congestion Dips as Economy Falters

US sees two-year congestion decline for first time ever

(Newser) - Drivers are spending less time stuck in rush-hour traffic for a second straight year, the first-ever 2-year decline in congestion. Blame high gas prices and the economic downturn, which have forced many Americans to change how they commute. In individual cities, Los Angeles traffic is getting better but is still...

Putin's Gas Strategy Backfires as Prices Fall

(Newser) - The very strategies that made Gazprom an international force are now causing the energy giant—and consequently, Moscow—unaccustomed financial stress, the New York Times reports. Vladimir Putin built Gazprom into a goliath by aggressively dominating natural gas supplies, but to do it, he entered into long-term contracts to buy...

Exxon Mobil Profits Plunge 58% on Low Oil Prices

Low year-over-year pump prices, oil demand drive revenue down

(Newser) - Exxon Mobil’s first-quarter profit fell 58% from the previous year to $4.6 billion—its lowest profit in more than 5 years—as the world's largest publicly traded oil company, along with the rest of the industry, saw gas prices deflate dramatically. This time last year crude was in...

US Drilling Boom Stalls for Oil, Gas

(Newser) - It doesn't pay to drill, baby, drill anymore. Falling world prices have brought an end to the boom in domestic drilling for oil and natural gas, the New York Times reports. Last summer, 2,400 gas and oil rigs were deployed in the hunt for energy. Today, that figure is...

Oil Prices Plunge, Gas Not So Much

Refineries slashed production after demand for gas dipped

(Newser) - Gas is pumping toward $2 per gallon—a 22% increase since Dec. 30—even though oil prices have dipped 16% over the same period. What gives? When penny-pinched Americans cut back on fuel last fall, oil refineries were slow to ease production. Now they're overcompensating with production cuts to recover...

Obama, Please Impose a Gas Tax: Friedman

'Systemic approach' essential for environment, economy

(Newser) - It may be hard to sell, but a gas tax would be a “win, win, win, win” move—for the environment, the economy, the war on terror, and America’s standing in the world, Thomas Friedman writes in the New York Times. Barack Obama still has the popularity to...

Gas Hits 5-Year Low
 Gas Hits 5-Year Low 
Dec 21, 2008 7:06 PM CST

Gas Hits 5-Year Low

$1.66 a gallon average is cheapest since February 2004

(Newser) - The average national price of gasoline fell 9 cents in the past two weeks, bringing it to its lowest point in nearly five years, according to a national survey released today. The average price of regular gasoline Friday was $1.66 a gallon. The price of mid-grade was $1.80...

More Families Ditch the 2nd Car

Analysts see rare year-over-year drop in US vehicle fleet

(Newser) - As more US families give up second vehicles in favor of public transportation, “it’s very likely the fleet will shrink next year,” an industry analyst tells Bloomberg. The number of cars on the road has gone down only nine times in the past century, and another decrease...

Transit Ridership Soars—for Now

Plummeting gas prices haven't driven us back to cars ... but now fewer have jobs to commute to

(Newser) - Dramatic increases in public transportation ridership have outlived sky-high gas prices, but the souring economy could reverse the trend, USA Today reports. Nationwide, third-quarter ridership was up 7% compared to last year, spurred by $4-a-gallon gas in July. Some municipalities saw almost 20% more commuters on their trains and buses....

Slim Gain Is Dow's 3rd in Row
 Slim Gain Is Dow's 3rd in Row 
MARKETS
Nov 25, 2008 3:16 PM CST

Slim Gain Is Dow's 3rd in Row

New consumer credit plan inspires confidence on the street

(Newser) - Stocks were mixed today, as enthusiasm over the Fed’s plan to get banks lending was tempered by a downward revision to third-quarter GDP and a drop in a home-price index, the Wall Street Journal reports. The Dow rose 36.47—its third consecutive up session—to 8,479.86....

How Cheap Gas Hurts Green Initiatives, Feds' Bottom Line

Driving less not great for gov't coffers

(Newser) - Americans are driving less and burning less fuel, but it could be too soon for conservation fans to celebrate. That dip, and global economic gloom, has sent oil and gas prices spiraling down, Joseph White writes in the Wall Street Journal, depriving the government of taxes it needs for transportation...

Gas Prices Plummet Below $2
 Gas Prices Plummet Below $2 
Nov 21, 2008 5:41 AM CST

Gas Prices Plummet Below $2

But low cost fuel isn't getting more people on the road

(Newser) - As crude oil sank below $50 for the first time in years, gas prices in America continued their precipitous fall, with the average cost of a gallon below $2 today for the first time since 2005. The turnabout is the sharpest since the government began tracking prices in 1980. Suddenly,...

Fewer Will Travel for Thanksgiving: AAA

600K more expected to stay home, first decline in 6 years

(Newser) - An estimated 600,000 Americans will forego the 50-plus miles of travel they made last year to celebrate Thanksgiving, AAA predicts. The dip is the first in 6 years, but the fourth consecutive for general holiday travel. Despite cheaper gas, fewer people will drive cars this year, opting for more-economical...

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