Full Story Oct 24, 2009
He said there was no risk of shortages, but the government ordered gas prices frozen anyway after some service stations raised prices amid rumors to the contrary. The flames, which could be seen from miles away, intensified in the hours following the explosion and police chief Jose Figueroa Sancha said it would likely take several days to put out the fire. (WSVN-TV Miami, FL)
Oil prices have surged 25% in less than amonth Oct 24, 2009
NEW YORK: Oil prices surged 25 percent in less than a month, dredging up memories of last year's spike and gas prices could soon eclipse summer highs. Crude is being tugged higher for different reasons this time, rising primarily as the dollar gets weaker. (The Star Online, Malaysia -- Business)
Cars with the worst fuel economy Oct 24, 2009
Fans ofFord F-Series trucks, the 2006 F-350 Amarillo is shown here,are taking advantage of the reprieve in gas prices ... This month, gas prices are almost a dollar lower per gallon than they were a year ago ... President Obama's administration has taken two tacks in encouraging fuel efficiency despite the current low gas prices, Stephan Gallon wrote recently in a R.L. Polk & Co. report: grants, like the $2. (MSNBC -- Business)
EnCana Gas Business May Sell $1 Billion in Assets Per Year, Graham Says Oct 24, 2009
Gas prices may rise as high as $7 in the long term as demand is rebounding with an improving global economy, allowing producers to step up drilling, Graham said ... Gas prices have declined 13 percent this year amid record storage levels. (Bloomberg -- Canada)
Get out of my bike lane Oct 24, 2009
Pedaling to work is such a joyful thing -- if only all those recent new cyclists (with an aversion to high gas prices) would go back to their cars ... With gas prices so high, there are swarms of new cyclists on the road. (FOX61, CT)
US shares fall on weak industrials Oct 24, 2009
This year, natural gas prices globally have been too low to justify much drilling of new wells, Schlumberger said. US crude oil futures fell 69 US cents, or 0. (Sydney Morning Herald -- Business)
Legacy Reserves LP Announces Quarterly Cash Distribution and Conference Call to Report Third Quarter 2009 Results Oct 23, 2009
"We are pleased with our production performance in the third quarter, which along with improved oil and natural gas prices, provided strong coverage for our quarterly distribution," stated Cary D. Brown, the Chairman and Chief Executive Officer of the Partnership's general partner ... Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are realized oil and natural gas prices; production volumes, lease operating expenses,... (Primezone Releases)
Gas prices spike Oct 23, 2009
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Wal-Mart Shrinks U.S. Supercenters, Sees Tepid Sales Oct 23, 2009
Last year, rising food and gas prices helped boost sales figures, but those forces have eased this year. 1. (ABC News -- Business)
Range Resources 3Q net income plummets Oct 23, 2009
The company blamed sinking oil and gas prices and losses on derivatives for the outcome. While production increased by 13 percent compared with the third quarter in 2008, prices fell by 30 percent over that time, according to a release from Range. (Pittsburgh Business Times, PA)
Ouch, Prices At The Pump Take A 14-Cent Jump Oct 23, 2009
Posted by: Minuteman Location: Temple, TX on Oct 22, 2009 at 04:24 PM The unregulated trading of oil futures is what drove the gas prices to 4 and 5 dollars a gallon and higher. Has the Obama administration done ANYTHING to prevent it from happening again. (KWTX.com, TX)
Hawaii gas prices down 2 cents this week Oct 23, 2009
Gas prices dropped throughout most of Hawaii, bringing the statewide average down 2 cents this week ... Gas prices for other Hawaii areas were. (Pacific Business News, HI)
Heating oil, gas prices on the rise Oct 23, 2009
Natural gas prices rose everywhere for retail customers, with hikes of between 31 cents and $1. 14 per each million British thermal units. (Boston Globe)
Investors driving up gas prices Oct 23, 2009
Gas prices are climbing in response ... The state's gas prices this summer soared much higher than the rest of the nation's, largely because of problems with California's refineries ... But California's gas prices will probably rise first, he said. (San Francisco Chronicle -- Business)
Number of jobs, jobless up in Sept. Oct 23, 2009
The bigger picture shows that there have been some layoffs in the oil and natural gas fields because of low natural gas prices, but the cooler summer could have impact on those prices, said Phillipe Chino, executive director of Campbell County Economic Development Corp.. Its hard to ascertain how its going to do three to five months from now, Chino said. (Gillette News-Record, WY)
Ariz. gas prices rise for 1st time in 6 weeks Oct 23, 2009
gas prices rise for 1st time in 6 weeks ... gas prices rise for 1st time in 6 weeks. (AZCentral -- Business)
Skarica: Thinking Stocks? Think Gold Oct 23, 2009
The price of oil has fallen, natural gas prices have decreased, and the labor costs declined, he said. Gold has held up, Skarica said. (Newsmax)
Cut exec pay or government stay away? Oct 23, 2009
Even now as gas prices begin to rise, who is the culprit ... So let me get this straight, its ok for the previous administration to burn through taxpayer money fighting a needless war in Iraq, not finding the mastermind of the 9/11 attacks in Afghanistan because of Iraq, bailing out Airlines (who pretty soon plan on charging passengers to go to the bathroom) and Wall Street Executives who drove their companies into the ground along with our economy, as well as doing nothing to stop the... (Atlanta Journal-Constitution -- Business)
LodgeNet Reports Results for Third Quarter 2009 Oct 22, 2009
Such factors include, among others, the following: the effects of economic conditions, including general financial conditions (including those represented recently by liquidity crises, government bailouts and assistance plans, bank failures, and recessionary threats and developments); the economic condition of the lodging industry, which can be particularly affected the financial conditions referenced above, as well as by high gas prices, levels of unemployment, consumer confidence, acts or... (Yahoo! Wire -- Entertainment News)
Power Breakfast: Natural gas, Delta, Invesco, Scana, Coke Oct 22, 2009
An abundant supply of natural gas now in storage, plus lower overall demand, will likely help offset the natural uptick in gas prices that occurs each year when the weather turns colder, Markiewicz reports. So, while wholesale gas prices have risen a bit lately, the cost to users likely will be lower this winter than in previous years, marketers said. (Atlanta Journal-Constitution -- Business)
Fed sees slight expansion in Colo. region Oct 22, 2009
Feds Beige Book: Slight expansion in Colorado regions economy - Denver Business Journal. for free extra services. (Denver Business Journal, CO)
EDITORIAL/PSC should approve Kemper Oct 22, 2009
Natural gas prices are traditionally volatile and lignite would provide reliable power at more stable rates. Far and above the need to increase generating capacity, the people of Kemper County and East Mississippi will benefit from the economic boon the plant will create in the way of news jobs. (Philadelphia Neshoba Democrat, MS)
Oil hits $82 per barrel Oct 22, 2009
A gallon is still 29 cents less than last year at this time, when gas prices were in full retreat. There are concerns that spiking energy prices could stunt any economic recovery in Europe and the United States. (The Augusta Chronicle)
Carmakers back more fuel economy, but seek flexibility Oct 21, 2009
Has an increase in gas prices affected your budget at all. Join the discussion at , and swap stories and money-saving tips with fellow readers. (USA Today -- Autos)
Algeria timeline Oct 21, 2009
1986 - Rising inflation and unemployment, exacerbated by the collapse of oil and gas prices lead to a wave of strikes and violent demonstrations. Ban on parties lifted. (BBC News -- Africa)
Charity sees surge in fuel debts Oct 21, 2009
Average fuel bills are now at record levels, mainly because of the surge in wholesale gas prices in the past few years. This has been driving up the number of people in fuel poverty - defined as those who spend more than 10% of their income on heating their homes. (BBC News -- UK)
Western Pa. gas prices up nearly 14 cents Oct 21, 2009
gas prices jump nearly 14 cents - Pittsburgh Business Times ... gas prices jump nearly 14 cents ... Gas prices in western Pennsylvania shot up nearly 14 cents per gallon over the past week, according to the latest AAA Fuel Gauge Report. (Pittsburgh Business Times, PA)
Ambani brothers' feud over gas prices hits energy-starved India Oct 21, 2009
Madhu Ninan, editor of Petrowatch, an industry newsletter, says that although the government has always approved oil and gas prices, its involvement in the Ambani case might well worry investors. He, like other analysts, says the government should reassure investors by making the guidelines on setting gas prices clearer. (Christian Science Monitor -- World)
Lower natural gas prices coming Oct 21, 2009
Relief in store: Lower natural gas prices ... Finally, Georgia consumers have something they can warm up to: lower natural gas prices this winter ... Exactly how much less depends on where wholesale gas prices go from here, what kind of rate plan the customer has, and what marketer is providing the gas. (Atlanta Journal-Constitution -- Business)
Erie gas prices climb 10 cents Oct 21, 2009
Powell said it's hard to predict, but typically at this time of year, gas prices begin falling. "Supply is plentiful," she said. (Erie Times-News, PA)
Enstar pegs rate cut for 2010 at 16% Oct 20, 2009
The basis of those annual price adjustments is fluctuating oil and natural gas prices in the Lower 48. Oil and gas prices started rising dramatically earlier this decade, with oil hitting historic highs last year ... "Enstar is encouraged to see the high costs and volatility of oil and gas prices stabilizing," said Colleen Starring, the company president. (Anchorage Daily News)
Did he lie? Stufflebean's bankruptcy explanation doesnt add up Oct 20, 2009
Gas prices averaged 2. 25 per gallon in April. (Coos Bay-North Bend The World, OR)
Energy Out of the Blue: Generating Electric Power from the Clash of River and Sea Water Oct 20, 2009
If successful, the utility hopes to build a commercial salt power plant for paying customers around 2015 with a targeted cost ranging from seven to 14 cents per kilowatt-hour (at current euro dollar conversion rates), which at the low end would be competitive with coal and natural gas prices. To the south in the Netherlands, a Dutch research firm called has fired up its own salt power experiment to evaluate what is essentially a saltwater freshwater battery. (Scientific American)
Oil prices: Time for concern? Oct 20, 2009
In Atlanta, gas prices average about $2 ... And you are surprised that gas prices as well as oil are on the increase ... Yes, we all need to go back into our recession shells because gas prices are GUARANTEED to be between $3-5 per gallon by Christmas. (Atlanta Journal-Constitution -- Business)
Billionaire Ambani brothers in legal showdown Oct 20, 2009
The government has intervened in the case, asserting its right to set gas prices. It argues that the gas from the Krishna-Godavari Basin, India's largest gas find, belongs to the nation and cannot be sold at cut-rate prices. (Sydney Morning Herald -- World)
Brothers at war: Ambani gas hearings must clarify policy Oct 20, 2009
Reliance Industries has the stronger case, Grieder said, and the government also wants to raise gas prices to attract investment in the sector to improve energy supplies. "Investors want to know the government is committed to cost-plus gas prices, so they can get returns on investments.". (India Times)
Demand for gas and oil are down, but prices keep rising Oct 20, 2009
Couture has watched as gas prices have ticked higher. Prices have risen for three straight weeks, reaching a national average of $2. (Boston Globe)
Complaints up as gas costs more Oct 20, 2009
And you can pretty much blame it on gas prices. "Complaints go up when gas prices go up," said Andy Prosser, spokesman for the Agriculture Department, the agency charged with inspecting the pumps and gas dispensed at the more than 3,000 stations across the state ... After giving consumers a bit of a reprieve, gas prices are again ascending. (The Clarion-Ledger)
Invesco to acquire Morgan Stanley unit for $1.5B Oct 20, 2009
Who's behind surge in gas prices. WASHINGTON -- Oil and gasoline prices are rising fast as Memorial Day weekend approaches, but not because supplies are tight or demand is high. (Fresno Bee -- Business)
Oil nears $80... Oct 20, 2009
Couture has watched as gas prices have ticked higher ... Gas prices have lagged oil prices so far and will likely rise another 10 cents a gallon over the next week, said Andrew Lipow, president of Lipow Oil Associates. (The Drudge Report)
Gas prices jump after calm early autumn Oct 20, 2009
Since the beginning of what is typically a season of decreased demand, gas prices have remained within 5 cents plus or minus of the $2. 50 mark, Rossi said. (Philadelphia Business Journal, PA)
Gas prices up more than 8 cents to 5-week high as oil nears $80 a barrel Oct 20, 2009
Search hundreds of franchises and business opportunities to find the one that is right for you. Quick Request Form: Request information from your favorite franchises and business opportunities. (USA Today -- Money)
Chevron announces new gas find off Australia Oct 19, 2009
When will gas prices reach $4 a gallon. A recent spurt in gasoline prices has experts saying $4 a gallon may not be far off -- bad news for anyone who drives. (Fresno Bee -- Business)
* One of the BRICs is an imposter Oct 19, 2009
The weakness of the Russian economy and its highly leveraged banks and corporations, in particular X which was masked in recent years by the windfall brought by spiking oil and gas prices X burst into full view as the global economy tumbled. Saddled with a rust-belt infrastructure, Russia further disqualifies itself with dysfunctional and revanchist politics and a demographic trend in near-terminal decline. (Taipei Times, Taiwan -- World)
'The beginning of the worst' Oct 19, 2009
Although natural gas prices may be relatively low this winter, many residents are in different economic positions this year and will be looking for help with their heating bills, Babbitt said in the release. The state will have about $10. (Casper Star-Tribune, WY)
Q&A: Alternative Energy Oct 19, 2009
Pickens also said the collapse in natural gas prices has forced him to put his wind farm project for Texas on hold. The Texas oilman has leased hundreds of thousands of acres for a giant wind farm in West Texas, where he plans to erect 2,700 turbines and produce energy for urban areas such as Dallas and Fort Worth. (CBS News -- Sci/Tech)
States eager to power up electric car-battery industry Oct 19, 2009
Hybrid electric cars make up less than 3% of the U.S. market, and demand fell once gas prices dropped late last year. Kinnear says that how big the industry will be is, to some extent, out of battery makers' hands. (USA Today -- Autos)
Amazon: Turning Consumer Opinions into Gold Oct 18, 2009
The surge in online research was originally driven a few years ago by high gas prices. But Ryder says information shopping now has more to do with the convenience and value offered by the Web as frugal shoppers hunt for the best bargains. (BusinessWeek)
Budget cuts loom for schools Oct 18, 2009
Smith said he amplified warnings to rein in spending 1-1/2 years ago when oil and gas prices began to fall. He explained that for each 10-cent drop in natural gas prices, that s 12 million of revenue lost for the state. (Rio Rancho Observer, NM)
Climate concerns turn citys smell into cash Oct 18, 2009
They need to pump water to irrigate their crops and rely on cheap manure the same manure that will be tapped for energy when high natural gas prices drive up the cost of fertilizer. For the oil and gas industry, which produces more oil in Weld County than any other in the state, a shift to cleaner sources of energy could take away good-paying jobs. (MSNBC -- Environment)
GE financial unit loss eclipses other gains Oct 17, 2009
Retail gas prices have begun to tag along. Friday, for the first time in almost three weeks, the national average price for a gallon of gasoline crept above $2. (The Augusta Chronicle)
Crude rallies, pump prices follow Oct 17, 2009
Retail gas prices have begun to tag along ... Retail gas prices added 1. (AZCentral -- Business)
Putin lays downlaw for Clinton Oct 17, 2009
Much has been made of a Moscow-Beijing rift on pricing (Putin dismissed it, announcing an imminent agreement to set gas prices according to an Asian oil basket). Anyway, that's just a technical issue. (Asia Times Online)
Methane wont get much relief in 2010 Oct 17, 2009
Depressed gas prices are not expected to rebound anytime soon and energy companies are shutting in wells because it is costing more to produce the gas than they can sell it for ... Some are doubting the expected yields from the shale formations, but even if natural gas prices rebound, many coal-bed methane workers and drilling rigs already have left the basin for the shale fields. (Gillette News-Record, WY)
Jobless claims fall as US inflation remains muted Oct 16, 2009
Gas prices rose 1 per cent, though they are down 21. 6 per cent from last year when prices at the pump moved above $4 per gallon in the summer. (Sydney Morning Herald -- Business)
Stocks Fall as Gold Miners Slide With Bullion; Imperial Oil Leads Gainers Oct 16, 2009
Natural gas prices increased after the U.S. Labor Departments report on initial unemployment claims gave another indication of a recovering economy that will lead to greater fuel demand ... of Credit Suisse told clients a revision in Credit Suisses view on natural-gas prices and Canadian Oil Sands recent unit-price gains make the stock less attractive. (Bloomberg -- Canada)
Texas Gas Prices Still Rising Oct 16, 2009
An auto club statement said a belief by economists that the recession is over and increased economic activity has led to an increase in oil and gas prices. More Stories. (KWTX.com, TX)
Stetson Reports Results on First Bakken Well in North Dakota Oct 16, 2009
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social risks and uncertainties; risks relating to oil and gas exploration and exploitation activities and oil and gas prices. Although the Company has attempted to identify important... (CCNMatthews Press Releases)
Russia and China: An Old Alliance Now Hinges on Energy Oct 16, 2009
Energy-rich Russia has suffered from tanking oil and natural gas prices, while China has managed thus far to weather the global economic downturn thanks to $586 billion in government stimulus spending. China has taken advantage of more than $2 trillion in foreign-exchange reserves to shop for energy and mineral reserves abroad. (Time.com)
No cost of living increases in 2010, Social Security says Oct 16, 2009
"Last year when consumer prices spiked, largely as a result of higher gas prices, beneficiaries received a 5.8% COLA, the largest increase since 1982. This year, in light of the human need, we need to support President Obama's call for us to make another $250 recovery payment for 57 million Americans.". AARP also called on Congress to provide a payment to seniors. (USA Today -- Money)
Inside Alaska business Oct 16, 2009
Colleen Starring, president of Enstar, will discuss 2010 natural gas prices and give an update on the gas company's progress in Cook Inlet. Register by calling 272-2401 or by visiting. (Anchorage Daily News)
Revenue lower than projectedbut holding steady with 2008 Oct 16, 2009
In 2008, because of $4 per gallon and higher gas prices, the city faced a fuel crisis, he said. Predicting higher fuel prices in 2009, the city over-budgeted. (Paragould Daily Press, AR)
Why Best Buy Is Roaring Into the Electric-Bike Market Oct 15, 2009
Patel: "We are looking at industries in turmoil. They hold a lot more opportunity, and you can't turn on the 6 o'clock news without hearing about gas prices, energy, or health."Rommel: "We're aggressively experimenting with a broad array of personal-transportation ideas -- and in other markets that are going through substantive change. You look at energy and, boy, it's not hard to map out how the consumer is going to experience changes in home-power management and home automation. Technology is... (FastCompany)
Oil prices top $75, first time in a year Oct 15, 2009
Retail gas prices rose a bit to a US average of $2. 481 per gallon. (Boston Globe)
Very Punny: Student artist lampoons icons Oct 15, 2009
The caption for the picture says, "Gas Prices are to Blame!". The piece is just one of 50 paintings Schiciano has at his first solo exhibition called 50 Iconic Puns, which opened last Friday at Gallery XIV in Boston, Mass. (Daily Collegian, PA)