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Americans are paying more for gasoline than they did last year as the holidays approached — billions of dollars that could go to books, clothes and Barbie dolls instead being spent at the pump.
After running up every day for nearly two straight months, gasoline prices have fallen this week — as they typically do a little before or after the Fourth of July holiday.
The price of a gallon of gasoline held steady over the past two weeks, at $2.66 for a gallon of regular unleaded.
As tens of millions tank up and hit the road for Memorial Day weekend, gas prices are rising fast enough to revive painful memories of the $4-a-gallon summer of 2008.
Each year around this time gas prices begin to rise and continue to do so well into summer. While this is far from your typical year, that seasonal truism is unlikely to change.
Crude oil prices have fallen to new lows for this year. So you'd think gas prices would sink right along with them.
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 Sunday.
A national survey shows gas prices across the nation dropped to less than $2 a gallon for the first time since March 2005.
A national survey shows gas prices continue to decline, tumbling nearly 53 cents a gallon in the last two weeks.
It's almost like a surprise stimulus check: Gas prices have fallen so fast that the nation has found itself with an extra $125 billion to spend. But don't expect the freed-up cash to pump much life into the economy.
The nation's public transportation systems logged a 5.2 percent jump in ridership in the second quarter, according to industry figures to be released Tuesday, as record-high gas prices pushed people to take millions more trips on buses and rail systems.
Roll back the clock to 1961: John F. Kennedy was inaugurated president. The Peace Corps was founded. The Dow Jones industrials hit 734. Gasoline reached 31 cents a gallon.
A national survey shows gas prices have dropped 15 cents a gallon in the last two weeks.
A national survey shows gas prices continue dropping across the nation.
High gas prices almost killed the lifeline to the city for a group of mountain commuters.
A national survey shows gas prices have dropped a fraction below the $4-dollar mark.
High gas prices could turn out to be a lifesaver for some drivers. The authors of a new study say gas prices are causing driving declines that could result in a third fewer auto deaths annually, with the most dramatic drop likely to be among teen drivers.
Laurel Ranticelli considered driving 40 miles round-trip to take education classes at the University of Massachusetts campus in Amherst. Then she realized she could take the same courses from her computer at home and save on fuel costs.
Four-dollar gasoline has stolen a beach vacation from Julie Jacobs' family, "little small luxuries" like exotic bath washes from Angela Crawford and dinners out from folks all over the country. Phil English has had to sell his beloved but fuel-guzzling red pickup.
When Eric King moved from his apartment in Pittsburgh to a single-family home with a lawn, he bought a manual lawn mower instead of the usual gas-powered kind. He figures he's putting money in his pocket and saving trips to the filling station.
In his hunt for a new home, Demetrius Stroud crunched the numbers to find out that, with gas prices climbing, moving near an Amtrak station is the best thing for his wallet.
When gas station manager Roger Randolph realized it was costing him money each time someone filled up with $4-a-gallon gas, he hung a sign on his pumps: "No more credit cards."
Paul Feeney didn't commute with the Segway his parents gave him for Christmas in 2005 until he moved close to work this spring. The battery-powered, energy-efficient scooter makes the 1.4-mile commute fun, the 35-year-old Sun Microsystems sales representative said.
It's standing-room-only on many commuter buses from Washington's suburbs. Rail systems from Boston to Los Angeles are begging passengers to shift their travel to non-peak hours. And some seats have been removed from San Francisco's subway cars to allow more people to cram in.
Record-high gasoline hit one year agoExactly a year ago in Tulsa, gasoline hit a record high of $3.93 a gallon as a speculative frenzy gripped the oil market. Tulsa's high came a day after the national average peaked at $4.11. A day before that, crude oil reached a high of $145.29.
How Goldman- Sachs continues to rape the middle class and our Government lets them do it. The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
10 Things Gas Stations Won't Tell You1. "Good luck finding the best deal."
Fuel tax could be replaced with by-the-mile road tax | McClatchyI am tempted to describe this as "Odd News"! ...but then, governmental insanity is comonplace now, not odd.
We decided to drive this year for our vacation. Since most of our extended family lives in Michigan it is a logical choice. The trip is long and grueling but worth the effort when we get there. What follows are notes I journal-ed during our trip; enjoy the ride.
Auto Scene: Gas prices jump higherGas Prices are rising in Massachusetts! Lets hope this isn't a sign of very high gas prices, again!
Two months ago every economist and oil price analyst was predicting no $3.00 or $4.00 a gallon gas this summer. Reserves were high demand was low, no reason for crude prices to climb. The big problem, someone forgot to tell the Wall Street investors.
High Gas Prices Could Slow Recovery Gas prices have risen 41 days in a row, to a national average of almost $2.62 a gallon. That is a sharp increase from the low of $1.62 a gallon that prevailed at the end of last year.
Oil falls on economic concerns, eyes OPEC meetingOil prices fell below $63 a barrel on Thursday, snapping three sessions of gains, as investor sentiment soured on worries that a potential recovery in the United States might be delayed due to the country's rising debt.
Ethanol: Bad Deal for DriversIt's not enough that consumers are already being forced to buy ethanol-blended gasoline that yields worse mileage and offers, at best, questionable environmental benefits. Now ethanol producers want to increase the legal limit on the amount of their product in your gasoline.
Summertime, when the gasoline goes crazy...My wife and I have already decided against major travel during the summer, since the price of gas went over 2 dollars per gallon.
Gas prices jump 16 cents last week to a 6-month highGasoline prices soared 16 cents a gallon over the last week to the highest level in more than six months as more expensive crude oil was passed on to consumers at the pump, the Energy Department said Monday.
Everyone in America wants cheap gas. Of course, they're focusing on it's effect on their wallets. Here's where cheap gas is a positive for this country's National Security...
Oil: The Return of Hype—and High PricesThe oil companies are looking to raise prices again. And gullible media are letting them get away with it
Gas prices to be more stable, experts saySome U.S. refineries reduced production in order to avoid putting a glut on the market, but Ingram said those facilities could restart production on very short notice. Unless there is some supply interruption, he predicted more price stability this year.
Californians slam brakes on gas useAn economic meltdown may not be the preferred way to scale back California's dependence on foreign oil, but it seems to be doing the trick.
Eric Cantor: Wasting space in Washington?Cantor who represents the "new ideas" of the Republican party bravely strikes out against the powerful bicycle lobby and once again demonstrates why the Republicans are out of office.
U.S. public transit 2008 ridership highest in 52 yearsFacing volatile energy prices and a major economic downturn, Americans turned to public transportation more in 2008 than they have in over 50 years, a transit group said on Monday.
The Kremlin's dual monopoly is beginning to collapseNow that happy union between the Kremlin and ordinary Russians is ending. Few Russian policymakers, much less the Russian public, expected oil and gas prices to collapse as they have. We do not know what will happen next.
Gas Prices Are Not Tied to Oil PricesMost people think gas prices reflect oil prices, but they don't. Ed Wallace explains why—and why gas prices still go up when oil falls
Afghan detainee shooting brings guilty pleaAn Army contractor is facing up to 15 years in prison after pleading guilty to manslaughter in the shooting death of a handcuffed Taliban member who had just set one of the contractor's colleagues on fire.
We have gobs and gobs of Gas stockpiled, so much so that oil companies looking for creative ways of closing refineries so they can both inflate the gas prices AND look like the good guys.
Russia shuts off gas to UkraineRussia has stopped all gas supplies to Ukraine after the collapse of talks to end a row over unpaid bills and prices. Russia's gas giant Gazprom said it turned off the taps at 0700 GMT, when its contract to supply Ukraine ended.
Internet Overtakes Newspapers As News SourceExcerpt: The internet, which emerged this year as a leading source for campaign news, has now surpassed all other media except television as a main source for national and international news.
Oil falls below $US40 despite OPEC's big output cut | The AustralianHere we go again, hang on to your hats and your wallets...
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