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Tag Archives: oil

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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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 ...

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House GOP rejects Obama plan for offshore drilling

WASHINGTON — In an election-year swipe at President Barack Obama’s energy policies, the Republican-led House on Wednesday voted to revoke Obama’s five-year plan for offshore drilling, replacing it with its own plan that calls for more ambitious oil and gas ...

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