Loving these cheap gas prices? We’ll be jilted eventually – Rocky Mountain News Blogs
We need to enjoy it while we can because industry analysts expect another price hike within the next year. The oil industry is scaling back on exploration and production because some projects don’t make economic sense when energy prices are low. And
Source: blogs.rockymountainnews.com
Oil falls as U.S. inventories rise more than expected – Marketwatch
NEW YORK (MarketWatch) — Crude-oil futures tumbled more than 9% Wednesday, falling for a second session after U.S. crude inventories jumped last week and as data showed the economy deteriorating further. The nation’s stockpiles of crude reached 325
Source: www.marketwatch.com
Crude, gasoline stockpiles jump more than expected – Forbes
Oil, gasoline and distillate stockpile levels jumped much more than expected last week as demand for crude-based products continued to slump amid the economic recession, according to government data released Wednesday. For the week ended Jan. 2 crude
Source: www.forbes.com
Our Say: A gas tax increase? A recession isn’t the right time – HometownAnnapolis.com
No good deed goes unpunished. Although average gasoline prices have plunged from more than $4.10 a gallon at their peak last year to about $1.65, American drivers – worried about far more than prices at the pump – have been staying off the roads in
Source: www.hometownannapolis.com
RIL gives in to US pressure, stops gasoline to Iran – Business Standard
This follows a letter written by eight US Congressmen to that country’s Export-Import Bank (Exim Bank) asking it to immediately suspend all financial assistance to RIL until the company agrees to stop selling gasoline to Iran. The Exim Bank has
Source: www.business-standard.com
Russia stops sending gas to Europe – USA Today
MOSCOW (AP) Prime Minister Vladimir Putin has ordered Gazprom to stop all shipments of natural gas to Europe through Ukraine. Russian gas is already not getting through the pipelines that cross Ukraine. Gazprom has blamed Ukraine, saying Russia
Source: www.usatoday.com
Oil dips as traders weigh weak demand, Gaza clash – PR Inside
Oil prices dipped to near $48 a barrel Wednesday as investors weighed tensions in the Middle East and more bad U.S. economic news suggesting crude demand is slowing. By mid-afternoon in Europe, light, sweet crude for February delivery was down 43
Source: www.pr-inside.com
Mexico to Freeze Gasoline Prices, Boost Jobs Spending (Update2) – Bloomberg
Jan. 7 (Bloomberg) — Mexico will freeze the price of gasoline for the rest of 2009, cut electricity rates for some industries and expand unemployment benefits as part of a financial stimulus to help the nation weather an economic slump. The
Source: www.bloomberg.com
Oil tumbles 12% on demand woes – CNN Money
NEW YORK (CNNMoney.com) — A selloff in oil prices gained momentum Wednesday afternoon, with crude tumbling over 12% as worries about demand drying up took center stage. Oil shed almost $6 a barrel Wednesday after a government report showed much
Source: money.cnn.com
N.C. traffic deaths down in 2008 – WRAL
Posted: Today at 5:57 a.m. Updated: Today at 9:15 a.m. RALEIGH, N.C. The North Carolina Department of Transportation estimates the number of people killed on the state’s roads in 2008 dropped by almost 18 percent from the 2007 death toll
Source: www.wral.com