Gas Prices Climb as Crude Oil Supplies Drop
With oil costs surging past $90 a barrel, gas prices climbed to an average of $3 a gallon this week, the highest estimate since October of 2008, reports said Wednesday. Analysts with AAA, Wright...
View ArticleGas Prices Will Rise to $5 by 2012, Shell Exec Warns
Gas prices will climb to $5 and rationing will be necessary by 2012 if ineffective governing continues, a former Shell executive said Tuesday. John Hofmeister, former president of Shell Oil, told the...
View ArticleBolivia Fuel Hike Sets Off Massive Protests
Bolivia lapsed into nationwide pandemonium Thursday as protests against an 83 percent rise in fuel prices shut down public transport. President Evo Morales’ government decreed the gas cost hikes...
View ArticleGas Prices: Crude Oil Tops $90
Gas prices edged up at the pump Tuesday as crude oil costs surged on the New York Mercantile Exchange, passing $90 a barrel. Benchmark oil for February delivery rose $1.80, or more than 3 percent, to...
View ArticleTrans Alaskan Pipeline Shuts Down After Spill
The Trans Alaskan Pipeline (TAPS), which accounts for 12 percent of U.S. oil production, was shut down Saturday due to a minor oil leak. Pipeline operator Alyeska plans to bypass the leaking section of...
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