retail gasoline

10 news results for the tag: retail gasoline.

Oil Contracts Virtually Unchanged

July 10th, 2008

Oil prices finished about where they began, after jumping more than $2 earlier on reports of lower U.S. oil stockpiles and an Iranian missile test.
Light, sweet crude for August delivery rose a penny to settle at $136.05 a barrel on the New York Mercantile Exchange, but prices shifted between positive and negative territory as traders [...]

Exxon getting out of retail gas business

June 14th, 2008

Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.
The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.
The Irving-based company didn’t [...]

Stronger Dollar, Weaker Demand Undercuts Crude

June 11th, 2008

Oil prices ended lower, giving up an earlier advance as the dollar held its gains against the euro and the Energy Department slashed its oil consumption projections. Retail gasoline prices rose to a new record over $4.04 a gallon.
Light, sweet crude for July delivery fell $3.04 to settle at $131.31 a barrel on the New [...]

Gasoline Demand Continues Down from 2007 Level

May 29th, 2008

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 [...]

Crude Cools on Slowing Fuel Demand

May 28th, 2008

Oil prices dropped below $129 a barrel. The sharp decline came amid a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season. At the pump, retail gasoline prices rose, but only slightly.
Light, sweet crude for July delivery fell $3.34 to settle at $128.85 a [...]

Gasoline Demand Falls as Price Climbs

May 21st, 2008

A survey by MasterCard SpendingPulse finds gasoline demand at the pump last week fell 6.8 percent compared with the same week last year.
Study author Michael McNamara said in a phone interview the seasonal lift in gasoline demand that normally happens around this time of year continues to be stalled, possibly due to record high gasoline [...]

Oil, Gasoline and Diesel Reach New Highs

May 20th, 2008

Crude oil settled at a new high, and retail gasoline and diesel prices reached new records as well, adding to the pressure on drivers planning road trips for the coming holiday weekend.
Drivers are now paying an average of $3.79 for a gallon of regular gas, according to a survey by AAA and the Oil Price [...]

Oil prices, gas at the pump rise to new records

May 9th, 2008

Oil prices rose to a new settlement high after a bumpy day of trading, and gas prices at the pump climbed nearly 3 cents overnight to a new national record.
Light, sweet crude for June delivery rose 16 cents to reach a settlement record of $123.69 a barrel on the New York Mercantile Exchange after trading [...]

Oil tops $120 a barrel

May 6th, 2008

Crude oil futures leaped to a new all-time high above $120 a barrel as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.
Light, sweet crude for June delivery jumped to a new trading record of [...]

Gasoline Price Rise Stalls

May 3rd, 2008

For the first time in 18 days, retail gasoline prices fell — if only slightly. Some analysts think pump prices may be near or at a peak for the year. Oil futures, meanwhile, soared after Turkish airstrikes on Kurdish rebel bases in Iraq injected some supply concerns into the market and the Labor Department’s employment [...]


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