gas prices

$5-per-gallon gas?

Marketplace  Tue, 02/14/2012 - 13:31

It's only February and gas prices are already on the rise. At the current trajectory, summer could bring record highs at the pump.


 

Gas prices may get close to $5 in some spots

Economic news - CNNMoney.com  Mon, 01/16/2012 - 15:16

The new year has greeted Americans with the highest January gas prices ever, and some analysts say prices could get close to $5 a gallon in some areas during the warm-weather driving season.

The average price for a gallon of regular unleaded gasoline in the United States on Monday was $3.39, according to motorist group AAA.

That's nearly 30 cents higher than a year ago.


 

Nigeria loses oil subsidy, fuel prices double

Marketplace  Mon, 01/02/2012 - 07:12

Nigerians are expressing outrage this morning. The government has just announced it's nixing a longtime fuel subsidy.

Gas prices there have more than doubled in many places.


 

Blocking Strait of Hormuz would affect gas prices immediately

Marketplace  Wed, 12/28/2011 - 13:02

Iran has threatened to block the strait if President Obama signs a bill to impose sanctions to keep it from making nuclear weapons.

The impact on oil prices worldwide would be major and immediate.


 

Consumer inflation slows, aided by lower gas prices

Economic news - CNNMoney.com  Wed, 11/16/2011 - 07:42

Just in time for the holidays, consumers are getting a break from rising prices.


 

Retail sales: Consumers still spending

Economic news - CNNMoney.com  Tue, 11/15/2011 - 07:46

Consumers kept hitting the stores in October despite economic headwinds and higher gas prices that took a bite out of their wallets.


 

Monthly inflation retreats on lower gas prices

Economic news - CNNMoney.com  Fri, 07/15/2011 - 06:42

Falling prices at the pump pushed inflation lower in June, but consumers are still paying significantly more than they were last summer.


 

Inflation picks up speed

Economic news - CNNMoney.com  Wed, 06/15/2011 - 06:47

The pace of inflation continued to climb in May, as the recent pullback in gas prices was not enough to ease the strain on consumers' wallets.


 

High gas prices change holiday travel plans

Economic news - CNNMoney.com  Fri, 05/27/2011 - 13:02

The high price of gas is forcing many Americans to change their travel plans for the Memorial Day weekend, according to a survey released Friday.


 

Mississippi floods threaten gas prices

Economic news - CNNMoney.com  Thu, 05/19/2011 - 12:35

Nearly 15% of the nation's refining capacity and hundreds of oil wells are at risk as the flood crest along the swollen Mississippi river makes its way into Louisiana over the next few days.