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Keyword: gasolineprices

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  • Mexico Plunges into Fresh Crisis as Fury Swells over Gas Prices

    01/02/2017 6:03:05 AM PST · by dynachrome · 12 replies
    Telesurtv ^ | 12-31-16 | unattributed
    The government plans to end subsidies and let the market dictate prices in March, but the already-strained Mexican people will feel the pinch at the pump before they start falling. The finance ministry announced Tuesday that the price of gasoline would increase by as much as 20.1 percent to 88 cents per liter on Jan. 1, while diesel would rise by 16.5 percent to 83 cents. The price ceiling will be adjusted daily starting Feb. 18, before letting supply and demand determine them in March. Around 100 protestors blocked a service station in the Pacific Coast resort of Acapulco on...
  • Alabama pipeline leak: What we know so far about the spill, gas shortages and more

    09/18/2016 5:43:49 PM PDT · by servo1969 · 55 replies ^ | 9-18-2016 | Dennis Pillion
    On the morning of Sept. 9, an inspector with the Alabama Surface Mining Commission was performing a routine monthly check of an old coal mine in Shelby County when he noticed "a strong odor of gasoline" as well as a sheen on the surface of one of the retention ponds. The gasoline he was smelling came from Colonial Pipeline's Line 1, an underground pipeline three feet in diameter that normally pushes 1.3 million barrels of gasoline per day from refineries in Houston to distribution centers across the Southeast and along the eastern seaboard. That 36-inch line, built in 1963, has...
  • Gasoline prices expected to spike says fuel prices could spike within a week anywhere from 10 to 30 cents a gallon, and they could stay higher for several weeks. Its analysts are blaming aging refineries for unplanned repairs. When those happen, often the oil companies will tackle maintenance issues, too.
  • Price of Electricity Hit Record High in U.S. in 2014

    01/16/2015 3:00:06 PM PST · by george76 · 43 replies
    CNS News ^ | January 16, 2015 | Terence P. Jeffrey
    Even as gasoline prices plummeted and the overall energy price index calculated by the Bureau of Labor Statistics declined, electricity prices bucked the trend in the United States in 2014. Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States. The annual price index for electricity, published by BLS today, was 208.020. That was up from 200.750 in 2013. ... The average price for a kilowatt hour of electricity in the United States was...
  • Like low gas prices? So does the station owner

    12/12/2014 2:26:30 PM PST · by Olog-hai · 15 replies
    Associated Press ^ | Dec 12, 2014 3:12 PM EST | Jonathan Fahey
    So you think you are finally getting one over on the gas stations as you pay well under $3 a gallon for the first time in four years? Guess again. Gas stations love low prices too—and not just because customers are nicer when they are paying less. “We’re in the same shoes as the consumer, the cost of fuel is less for us,” says Kevin Beyer, who owns Performance Fuels, a filling station and convenience store in Smithtown, NY. That means profits for Beyer and the nation’s 127,000 filling stations are rising. Before they sell gas to you, station owners...
  • Summertime blues for drivers: Gas at August record

    08/20/2012 12:25:44 PM PDT · by Free ThinkerNY · 10 replies
    Associated Press ^ | August. 20, 2012 | SANDY SHORE
    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.
  • Another Day, Another Administration Witch Hunt

    04/18/2012 6:20:55 AM PDT · by Kaslin · 6 replies ^ | April 18, 2012 | David Harsanyi
    So many imaginary villains and so little time. This week, President Barack Obama is taking the fight to "oil speculators" and "market manipulation" (nee "free enterprise"), demanding that traders put up more money for transactions and government ratchet up enforcement and monitoring. "None of these will bring gas prices down overnight," Obama helpfully explained in his news conference. "But they will prevent market manipulation and help protect consumers." No, they won't. They'd probably hurt consumers, and they would doubtlessly raise the cost of doing business. So for a few hundred words, let's treat populist agitation as if it were earnest...
  • Governor Palin’s Closing Argument On Her Fox News Special “Paying At The Pump”

    04/15/2012 7:20:26 AM PDT · by ak267 · 52 replies
    Fox News and C4P ^ | 4/13/2012 | Sarah Palin
    Palin: Here’s the deal. There is that inherent link between energy and prosperity and energy and security. Oil prices affect everything in our lives, including even where we send our sons and daughters in war. Bottom line is we need to drill more here where God seems to have dumped a storehouse of safe energy supply right underfoot. Developing resources here grows our economy. It decreases trade imbalance. It creates hundreds of thousands of good paying jobs and it secures our union by eliminating dependence on dangerous foreign regimes, regimes that use energy as a weapon. Access to affordable energy...
  • Gas Prices On Catalina Island Pass $7 Mark

    04/08/2012 3:21:29 PM PDT · by no dems · 16 replies
    CBS Los Angeles ^ | April 7, 2012 | CBS Los Angeles Staff
    AVALON, CATALINA ISLAND (CBS) — Catalina Island is known for many things… its picturesque scenery, seafood and hiking, to name a few. But what about high gas prices? For the past two weeks, gas prices on Catalina Island have been an average of $7 a gallon. Stacy Dizon, who works at the Santa Catalina Island Co.-owned gas station on Pebbly Road, tells CBSLA that a gallon of regular unleaded on Saturday is $7.03. (credit: Ivan Hernandez/Avalon Marine Dock) The gas station is one of two service stations catering to the island and nearby, Avalon. About 1.5 miles away, Ivan Hernandez...
  • Confirmed: Obama’s Policies Have Contributed to Record High Gas Prices

    03/31/2012 11:33:29 AM PDT · by forbushalltheway · 10 replies ^ | March 30, 2012 | Jim Hoft
    Irrational policy has consequences. Energy Tomorrow Blog explained how the president’s policies in oil and natural gas development have contributed to higher gas prices. This infographic shows how the administration’s oil policy has contributed to record high US gas prices. Administration Oil Strategy Contributes to Price Increases And you wonder why prices are rising? Energy Tomorrow added: As the graphic shows, the president basically is pursuing an off-oil policy: delaying or canceling development on federal areas onshore and offshore, proposing punitive tax increases on America’s energy producers, threatening new layers of unnecessary regulation and rejecting key components like the Keystone...
  • AP On Rising Gas Prices: Not Obama's Fault

    03/23/2012 3:55:02 PM PDT · by PJ-Comix · 9 replies
    Newsbusters ^ | March 23, 2012 | P.J. Gladnick
    We get it, Associated Press. We get it! Rising gasoline prices are NOT President Obama's fault. Or so you want us to believe. However, could you be just a little less blatant in pitching that line? As it is, your lack of subtlety in hammering home that message is embarrassing to read such as your latest example in which you mention that some people blame Obama along with a lot of other reasons but the only people you actually cite in the article are those who find him faultless in the price rise:
  • Oil everywhere and not a drop for U.S. motorists – will it undo Obama?

    03/21/2012 3:08:58 PM PDT · by landsbaum · 24 replies · 1+ views
    Despite his change of the U.S. economy into a hope-less version of Europe’s, President Barack Obama, the self-proclaimed fourth greatest president ever, could still be reelected. Go figure. That may say more about us than it does him. But despite economic woes, joblessness, so many people out of work for so long they quit looking, soaring debt and deficits and the looming threat of even worse on the horizon (ObamaCare), the likable but arrogant president could emerge victorious in November. Unless…
  • Report: Obama to Release Oil from Strategic Reserve

    03/15/2012 12:20:42 PM PDT · by Kaslin · 41 replies
    Rush ^ | March 15, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Obama has just announced that the United States and Britain are going to release oil from their Strategic Reserves. I didn't even know that Cameron was up for reelection. I did not know that he was up for reelection. That's why Obama's doing this. This is going to have absolutely no impact whatsoever. It is a purely political move from the guy who says, "We can't drill. We can't drill fast enough, can't drill soon enough." What does that mean? If we can't drill what it means is putting more oil on the market isn't gonna matter...
  • Obama to David Cameron: Let’s tap our strategic oil reserves together

    03/15/2012 8:57:11 AM PDT · by SeekAndFind · 29 replies
    Hotair ^ | 03/15/2012 | Ed Morrissey
    Remember that Barack Obama insists that there are "no silver bullets" to fix the issue of high gas prices. So when British Prime Minister David Cameron visited Washington for high-level talks and the discussion turned to gas prices, what did Obama propose? According to Reuters, holy water and a garland of garlic: President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel...
  • Exclusive: U.S., Britain to agree emergency oil stocks release

    03/15/2012 8:56:46 AM PDT · by mojito · 88 replies · 1+ views
    Reuters ^ | 3/15/2012 | Richard Mably
    Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in an election year. A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said. Britain would respond positively, the two sources said.
  • Chu Retracts Desire for Higher Gas Prices

    03/13/2012 2:45:18 PM PDT · by Kaslin · 16 replies
    Rush ^ | March 13, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Steven Chu. Remember him, the energy secretary, "the Nobel prize-winning" energy secretary who appeared before a congressional committee and said that he wasn't interested in gasoline prices coming down? Instead, he's interested in getting us off of oil, which is not possible. It is not going to happen. There's nothing else to use. It won't happen. It's pie-in-the-sky dreaming. There's no way we can get off oil. And if this administration tries to take us off of oil we're going to be plunged into a recession, and we're gonna be moving backwards to the seventh century and...
  • Higher gas prices lift retail sales

    03/13/2012 8:26:29 AM PDT · by tobyhill · 15 replies
    cnn ^ | 3/13/2012 | By Chris Isidore
    Consumers were spending more in February, but a big part of the rise was caused by rising gas prices. Overall retail spending rose 1.1% in February compared to the month before, according to Tuesday's Commerce Department report. But spending at gas stations jumped 3.3% in the month, as gas prices rose almost continually throughout the period. Stripping out spending on gasoline prices, retail spending posted only a 0.8% rise in the period.
  • Chu renounces his desire for higher gas prices

    03/13/2012 10:31:53 AM PDT · by Nachum · 34 replies · 1+ views
    Washington Examiner ^ | 3/13/12 | Joel Gehrke
    President Obama's Energy Secretary, Steven Chu, renounced his previously-stated desire to see gas prices rise to match European levels in order to motivate alternative energy research, telling the Senate today that he wants gas prices to fall for the sake of the economy. "We have to figure out how to boost the price of gasoline to the levels in Europe," Chu said in 2008. When reminded of that comment today during his congressional testimony, Chu backed away from that position. "I no longer share that view," Chu told Sen. Mike Lee, R-Utah, today.
  • Former Shell Oil President: We Won’t Have Enough to Fill Gas Tanks No Matter the Price

    03/13/2012 10:42:03 AM PDT · by Nachum · 54 replies
    CNS News ^ | 3/13/12 | Melanie Hunter
    Former Shell Oil President John Hofmeister predicted that the U.S. won’t have enough oil to fill gas tanks whatever the price and that high gas prices could lead to another recession, because people won’t be able to buy things. The host of “Washington Journal” asked Hofmeister if he agreed with the head of ExxonMobil, Rex Tillerson, that the U.S. won’t see $5 a gallon gas and that the rhetoric over Iran is responsible for driving up gas prices temporarily. “There’s a lot of views out there, and I’ve been articulating a $5 price.
  • Chu: Uh, never mind on that European gas prices goal (Energy Sec. Flip flops after bad polls)

    03/13/2012 11:27:24 AM PDT · by SeekAndFind · 18 replies
    Hotair ^ | 03/13/2012 | Ed Morrissey
    Isn't it amazing what a couple of bad polls can produce? In 2008, then-incoming-Energy Secretary Steven Chu told the Wall Street Journal that American energy policy should be calibrated to drive the cost of gasoline to the same level as Europe in order to produce more demand for alternative energy production: Mr. Obama plans soon to introduce his energy and environment team, which will include Nobel Prize-winning physicist Steven Chu as energy secretary and former Environmental Protection Agency Administrator Carol Browner as White House energy adviser ... In a sign of one major internal difference, Mr. Chu has called for...