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Oil Costs

Why Your Gas Might Get Cheaper

AP | JONATHAN FAHEY and SAMANTHA BOMKAMP | Posted 10.27.2012 | Business

NEW YORK — Pump prices are heading higher as Tropical Storm Isaac forces several major refineries along the Gulf Coast to halt production in pre...

Oil Prices Suffer Largest One-Day Decline In Nearly Six Months

AP | JONATHAN FAHEY and CHRIS KAHN | Posted 05.06.2012 | Business

NEW YORK -- The price of oil suffered its biggest one-day decline in nearly six months Friday, falling below $100 per barrel for the first time since ...

The Myths Behind the Tar Sands Stampede

Carl Pope | Posted 04.24.2012 | Green
Carl Pope

So tar sands are not only a source of enough carbon to increase global climate by a huge amount -- they are also the key to keeping diesel prices low enough to enable the world to fry itself by shipping long distance coal where it can be burned profitably, if lethally -- for the climate.

Our Dangerous Addiction to Immediacy

Jeff Schweitzer | Posted 05.25.2011 | Green
Jeff Schweitzer

The time has come for society to pay the true environmental and national security price tag of burning fossil fuels.

Oil Falls To Lowest Price Since 2005

AP | ALEX KENNEDY | Posted 05.25.2011 | Business

SINGAPORE — Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic n...

Bernanke: US Weathering "Oil Price Shock"

AFP | Posted 05.25.2011 | Business

The US economy is holding up in the face of a "serious oil price shock" because it is less dependent on petroleum than in the 1970s, Federal Reserve c...

Recession's One Benefit: Gas Prices May Drop

Reuters | Timothy Gardner | Posted 05.25.2011 | Business

U.S. drivers could enjoy a drop of up to 50 cents per gallon in gasoline prices by this spring as high fuel prices and the threat of a recession force...