The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories held in underground storage in the lower 48 states rose by 80 billion cubic feet to nearly 1.89 trillion cubic feet for the week ending June 6.
The inventory level was slightly below the five-year average of about 1.91 trillion [...]

Oil prices rebounded sharply from a dip below $132 a barrel, ending higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep climbing.
Light, sweet crude for July [...]

Oil prices took off again, soaring as crude’s biggest drivers — a weak dollar and supply concerns — brought buyers back in force. At the pump, gas prices rose to a new record over $4.05 a gallon.
Light, sweet crude rose $5.07 to settle at $136.38 a barrel on the New York Mercantile Exchange after earlier [...]

Gasoline demand at the pump last week was down 3.8 percent compared with the same week last year, according to a survey by MasterCard SpendingPulse. It is the seventh consecutive week of year-over- year decline in weekly demand.
The survey finds average retail prices for a gallon of regular gasoline increased 0.8 percent last week, up [...]

Oil prices rose back above $128 a barrel after the dollar fell in response to comments by European Central Bank President Jean-Claude Trichet suggesting the bank could raise interest rates. At the pump, meanwhile, gas prices rose to a new record near $3.99, and are likely to hit $4 soon.
Light, sweet crude for July delivery [...]

Retail gas prices rose one cent Friday to a new national average over $3.96 a gallon, putting them on a course to hit $4 by early next week. Oil futures settled higher after trading in a narrow range.
Light sweet crude for July delivery rose 73 cents to settle at $127.35 a barrel.
At the pump, gas [...]

Crude-oil inventories fell unexpectedly last week for the second straight period. But government data suggests it is probably not because demand has risen, and that helped push crude prices down.
For the week ended May 23, crude-oil inventories shrank by 8.8 million barrels, down 2.7 percent from the previous week, to 311.6 million barrels, the Energy [...]

A survey by MasterCard SpendingPulse shows retail gasoline demand at the pump last week rose 2.7 percent when compared with the week before. Looking at the comparable week a year ago, demand was down 5.5 percent.
The four-week moving average showed an even bigger decline in demand — down 6.3 percent from a year ago.
Survey author [...]

As some drivers hit the road for the Memorial Day weekend, they faced the sobering reality that it now costs $87 to fill a Ford Explorer SUV, up $14 from last year, and $72 to fill a mid-sized Honda Accord, up $12.
Gas prices, which took another jump overnight, are up nearly 20 percent, or 65 [...]

Crude oil prices rose in New York, a day after the Organization of Petroleum Exporting Countries (OPEC) said production levels wouldn’t increase before September.
OPEC President Chakib Khelil, Algeria’s minister of energy and mines, said the major exporting group would keep production at current levels.
Saudi Arabia recently increased production by 300,000 barrels a day, which [...]