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Baltimore council passes bill targeting crude oil terminals
The Baltimore City Council has passed a bill that would ban new or expanded crude oil terminals in the city.
Environmentalists want ban on oil terminal creation in Baltimore
Environmentalist groups plan to rally outside of Baltimore's City Hall in support of a bill that would ban the construction of new crude oil terminals.
U.S. overflowing with crude oil
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than […]
Summertime blues for drivers: Gas at August record
You may pay more than ever for a late-summer drive. U.S. drivers paid an average of $3.72 per gallon on Monday. That’s the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578. More daily records are […]
Gas prices spike; refinery problems cited
A surprise surge in gasoline prices is taking some of the fun out of summer. The national average for a gallon of gas at the pump has climbed to $3.67, a rise of 34 cents since July 1. An increase in crude oil prices and problems with refineries and pipelines in the West Coast and […]
Oil hovers near $90 amid Europe action hopes
The price of oil hovered near $90 a barrel on Monday, holding onto most of the previous week’s gains, as expectations remain elevated that the European Central Bank would act to prevent Spain’s financial woes from deepening. By early afternoon in Europe, benchmark crude for September delivery was down 18 cents at $89.95 a barrel […]
Gasoline prices jump a nickel over the weekend
NEW YORK — The price of gasoline jumped by nearly a nickel over the weekend and is now $3.80 per gallon That’s the highest ever for this time of year. Pump prices have risen an average 52 cents this year as refineries and wholesalers pass along the higher cost of crude oil. And this month […]
Gasoline prices level off temporarily
NEW YORK — Gasoline prices are lower this week after 39 days of increases, though experts say they should rise again in the spring. The national average, which stayed at $3.758 per gallon on Friday, has dropped about a penny since Monday. Prices are still at the highest levels ever for this time of year. […]
Oil price again flirting with $100 per barrel
NEW YORK — Oil prices climbed to near $100 per barrel Tuesday following a series of positive reports about the U.S. economy. In midday trading benchmark crude rose 36 cents to $98.50 per barrel in New York. Crude jumped as high as $99.34 at one point. Brent crude, which is used to price many foreign […]
Oil falls over 2 percent on weak U.S. jobs report
NEW YORK — Oil tumbled more than 2 percent Friday, giving up most of its gains for the week after the latest government data showed hiring in the U.S. is at a virtual standstill. The Labor Department said that employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent […]
Rep. Bartlett aims to cut military oil usage
WASHINGTON — U.S. Rep. Roscoe Bartlett says he and three other House members are working together to reduce military oil consumption. Bartlett announced the formation of the Defense Energy Security Caucus on Tuesday along with fellow Republican Jack Kingston of Georgia, New York Democrat Maurice Hinchey and the office of Democratic Rep. Gabrielle Giffords of […]
Oil slides and pump prices drop
NEW YORK — Oil dropped more than 2 percent Monday as the dollar strengthened and an energy research group said it expected growth in Chinese demand for oil to slow later this year. At the pump, gas prices continued to fall as oil retreated. Benchmark crude for July delivery lost $2.44, or 2.4 percent, at […]
