Tag Archives: oil prices

From car lots to city budgets, cheap oil means change

A compact Ford Focus car is parked next to a line of F-150 pickup trucks at the Lee Sapp Ford dealership in Ashland, Nebraska. With cheaper gasoline in the tank, some car dealers find they have too many smaller fuel-efficient cars, when trucks and sports cars might sell better. (AP Photo/Nati Harnik)

Cheap oil doesn’t only mean cheaper gas in the tank. It means that a car dealer in Illinois is shuffling the inventory of models he’ll be selling, that more students in Wisconsin may get school-provided iPads, that some planned projects in a Southern California city will get delayed, and that some expected oilfield hiring in North Dakota and Texas may not happen.

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Oil dips below $50 a barrel

(AP) The price of oil plunged again Monday and briefly dipped below $50 a barrel for the first time in more than five years as evidence mounted that the world will be oversupplied with oil this year. Benchmark U.S. oil ...

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