Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It [...]
Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones [...]
Gasoline prices are up an average of a nickel a gallon this week in Massachusetts, and are close to a record high.
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A statewide survey on Monday by AAA Southern New England found an average price of $3.19 per gallon of self-serve, regular unleaded, compared with $3.14 a week ago.
A survey says the national average price for gasoline rose 5 cents over the last two weeks.
The average price of self-serve regular gasoline on Friday was $3.32 a gallon, mid-grade was $3.44 and premium was $3.55. That’s according to the Lundberg Survey of 7,000 stations nationwide released Sunday.
Of the cities surveyed, the cheapest price was [...]
Oil prices have plunged Monday at least temporarily retreat to record levels, investors were concerned that the financial crisis that forced the sale of Bear Stearns is a sign of deep economic difficulties.
Oil slump - falling $ US4.53 to settle at $ US105.68 barrel on the New York Mercantile Exchange - came hours after futures [...]
Are record gas prices on their way to Western New York? The likelihood has increased because of this week’s spike in oil prices.
World markets pushed oil up to a record $100.88 a barrel on Tuesday and briefly touched $102 Wednesday, and gasoline responded by moving higher in the Buffalo area.
Gas was selling for an [...]
New Century Energy Corp. announces a new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
Edward DeStefano, the Company’s CEO, stated, “We are very excited about the positive results from our newest oil well, the Swaim 33-#2, in McMullen County, Texas, which was completed in a Wilcox sand at a depth of [...]
In a dire forecast, the Paris-based International Energy Agency is warning of an impending crunch in the supply of oil and natural gas needed to power world economic growth in coming years.
The IEA is the energy watchdog of the world’s 26 most-advanced economies, and its pessimistic assessment is contained its latest annual medium-term forecast to [...]
Oil and gas futures prices retreated Tuesday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
The weekly report by the Energy Department’s Energy Information Administration has become critical for analysts and traders during a spring and early summer that have seen an unusually high number [...]
The Arkansas Department of Environmental Quality is revamping proposed regulations that would provide uniform rules for drilling companies along the Fayetteville Shale, Director Teresa Marks said Friday.
Over the next few weeks the department will work with industry representatives and others to revamp the regulations that were first proposed earlier this month, Marks told members of [...]
