Here is what to know about the OPEC+ decision and what it could mean for the economy and the oil price cap.
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Read More »October 6, 2022 Comments Off on How will OPEC cuts affect oil prices, inflation?
Here is what to know about the OPEC+ decision and what it could mean for the economy and the oil price cap.
Tagged with: gas prices oil oil prices
Read More »March 13, 2015 Comments Off on As oil prices drop again, will gasoline soon follow?
The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
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Read More »January 19, 2015 Comments Off on From car lots to city budgets, cheap oil means change
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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Read More »January 5, 2015 Comments Off on 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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Read More »March 12, 2014 Comments Off on Airlines hurt as Ukraine crisis lifts oil price
The global airlines industry on Wednesday lowered its profit forecast for this year after the Ukrainian crisis caused a spike in the price of fuel.
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Read More »November 25, 2013 Comments Off on Nuclear deal with Iran could mean lower oil prices
NEW YORK — Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not allow Iran to export more oil. In the short term, the deal may make it ...
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Read More »October 14, 2013 Comments Off on Oil rises on hopes for debt deal
The price of oil rose slightly Monday amid alternating hope and uncertainty about the looming deadline for U.S. lawmakers to reach an agreement over the government’s borrowing limit and shutdown. Benchmark crude for November delivery rose 39 cents to close ...
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Read More »October 29, 2012 Comments Off on Oil price falls as Hurricane Sandy heads for U.S.
The price of oil fell below $86 a barrel Monday as a gargantuan storm headed for the heavily populated U.S. East Coast, where energy consumption was likely to drop as many businesses closed and transportation ground to a halt. By ...
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Read More »October 19, 2012 Comments Off on Oil prices fall as pipeline supply concerns ease
The price of oil is falling after TransCanada reaffirmed plans to restart a pipeline this weekend that carries crude from Canada to the Midwest. Benchmark oil dropped $1.70, or 1.9 percent, Friday to $90.40 per barrel in New York. TransCanada ...
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Read More »August 20, 2012 Comments Off on 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 ...
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