Oil Blog

OPEC in the News 6/7/06

OPEC boss not comfortable with oil prices
El Financiero (México) - Mexico
Mexico City, June 7th.- The president of the Organization of Petroleum Exporting Countries (OPEC), Edmund Daukoru, reiterated Wednesday that the current prices ...

UAE Oil Min: OPEC Concerned Over Rising Oil Stocks
CattleNetwork.com - Stanley,KS,USA
... Hamli, speaking ahead of a meeting between OPEC and the European Union in Brussels, added, "I and other ministers are watching this and it is a concern.". ...

Energy Watch - June 6
Monsters and Critics.com - Glasgow,UK
OPEC leaders held informal talks last week to consider admitting Angola, Ecuador and Sudan into the cartel as it seeks to regain influence over global oil ...

EU praises OPEC's 'responsible' position
Islamic Republic News Agency - Tehran,Iran
The third meeting of the EU-OPEC Energy Dialogue ended in Brussels Wednesday evening with an agreement on a number of initiatives aimed at boosting cooperation ...

Inflation could hit oil demand: OPEC
Sydney Morning Herald - Sydney,New South Wales,Australia
OPEC's president said on Wednesday that rising inflation could hit demand for oil but, with prices above $70, the producer group would be best advised to keep ...

EU sets OPEC minds at ease over oil demand
EUPolitix.com - Brussels,Belgium
... The delegation from OPEC met with EU energy commissioner Andris Piebalgs to discuss a wide range of issues, including the European commission’s green paper ...

Country to Boost Output By 1.5 million Barrels Per Day By 2007
AllAfrica.com - Washington,USA
... will increase its oil output by 1.5 million barrels per day by next year, contributing to Organisation of Petroleum Exporting Countries' (OPEC's) spare capacity ...

Rig Notes 6/7/06

 North American rig count climbing
Monsters and Critics.com - Glasgow,UK
HOUSTON, TX, United States (UPI) -- The US oil and natural gas drilling rig count for May climbed 38 to 1,635, an industry group said Wednesday. ...

Oil Price News 6/7/06

Bursa defends plan to license out daily CPO settlement prices
Business Times - Malaysia - Malaysia
... As it is, palm oil prices are already dictated by the Hamburg-based Oil World magazine and locally-based foreign cargo surveyors. ...

ENERGY STOCKS Oil and gas shares fall as crude prices slide
MarketWatch - USA
... told the Senate Foreign Relations panel that recent data indicates the United States "may finally be experiencing some impact" from sharply higher oil prices. ...

Canadian Stocks Fall a Third Day as Metals, Oil Prices Decline
Bloomberg - USA
and First Quantum Minerals Ltd. declined with prices for bullion and copper. Energy companies dropped with the price of crude oil. ...

Oil prices fall
The Australian - Sydney,Australia
WORLD oil prices slumped overnight on news that US energy reserves rose across the board last week, coupled with positive developments in the Iranian nuclear ...

US Stocks Rise as Oil Prices Drop; Target, Retailers Advance
Bloomberg - USA
... paced gains among retailers on the decline in oil prices and as the second-largest discount chain said earnings and margins will increase this year. ...

Rollback of petro prices ruled out
The Tribune - Chandigarh,India
... The industry experts said oil companies, which have shown marginal fall in their net profits despite spurt in crude oil prices, would have to adjust just Rs ...

Greenspan gloom over high oil prices
Scotsman - United Kingdom
FORMER Federal Reserve chairman Alan Greenspan yesterday painted a downbeat picture of the world's rising vulnerability to high crude oil prices. ...

EU, OPEC officials worry about oil prices
BusinessWeek - USA
JUN. 7 9:13 AM ET EU and OPEC officials said Wednesday they were worried about volatile oil prices and would work to make markets more stable. ...

Stocks Rise Modestly on an Easing of Oil Prices
New York Times - United States
Stocks stopped a two-day slide and ticked upward in morning trading today, while oil prices retreated. The Dow industrials, the ...

Greenspan warns on oil prices
Financial Times - London,England,UK
... “The US economy has been able to absorb the huge impact of rising oil prices with little consequence to date because it has become far more flexible over the ...

Alternative Energy 6/1/06

Labor urges govt to expand use of gas
The Age - Melbourne,Victoria,Australia
... wanted to debate the role of nuclear energy in Australia - a divisive topic within the Labor Party - but did not want to discuss alternative energy supplies. ...

RES - COMPANIES LOOK TO THE EMERGING ALTERNATIVE ENERGY ...
Earthtoys (press release) - USA
... Corporation are revealed as they discuss the opportunities that exist from the growing integration of renewable and alternative energy technology within the ...

3-D modelling supports alternative-energy R&D
Engineering News (press release) - Garden View,Eastern Cape,South Africa
... Pelleting Machines has used the latest modelling technology to design equipment that compacts waste material, creating viable alternative energy sources that ...

RenewableEnergyStocks.com
InvestorIdeas.com (press release) - Point Roberts,WA,USA
... Schneider, Chief Executive Officer and Director of ZAP (Zero Air Pollution) (NYSE: ZP) explains, “Anyone that is producing an alternative energy vehicle at ...

China and India's Demand for Alternative Energy, Fuelled by High ...
Market Wire (press release) - USA
... price agreement)." As the Chinese government has established a goal of obtaining 20 GW of total wind power by 2020, the demand for alternative energy is there. ...

Oil Price News 6/1/06

Oil prices fall after US suggests direct talks with Tehran
CBC News - Canada
SINGAPORE (AP) - Oil prices extended losses Thursday, a day after declining on news that the United States had signalled a willingness to hold direct talks ...

Rising oil prices not to slow China demand
CCTV - Beijing,China
China's increasing oil demand is unlikely to be significantly affected by surging world oil prices, as domestic usage does not change on a seasonal basis. ...

Pump Prices Continue to Ease Slightly
Los Angeles Times - CA,USA
... Gasoline prices began rising more than two months ago as oil prices increased, gas supplies shrank and refiners in parts of the nation made a difficult ...

ENERGY MATTERS: US Oil Prices Headed For A June Swoon?
CattleNetwork.com - Stanley,KS,USA
... If that pattern holds, crude oil prices could struggle to hold $70 in June. The EIA projected in early May that demand for the main ...

Oil prices rise
NDTV.com - New Delhi,India
Oil prices regained some losses Thursday, a day after falling on news that the United States had signaled a willingness to hold direct talks with Iran on its ...

Oil prices fall below 72 dollars before energy stocks report
People's Daily Online - Beijing,China
World crude oil prices fell below 72 dollars Wednesday on the eve of US weekly energy stocks report, as the United States vowed to join the European Union in ...

Tensions affect oil prices: Venezuela
Indian Muslims - San Diego,California,USA
... explained. Ramirez said it was impossible to try to stabilise oil prices if there was no security in the producing countries. The ...

Shares Rise as Oil Prices Fall and Iran Worries Ease a Bit
New York Times - United States
Stocks closed higher yesterday, buoyed by the first drop in oil prices in a week and by signs that the tension with Iran over its nuclear program might ease. ...

Oil prices jump as gasoline demand rises
The Westfall Weekly News - Canada
WASHINGTON - Crude-oil futures rose slightly Thursday, gaining strength from a rally in gasoline futures after weekly US government data showed rising demand. ...

Left threat on hike in oil prices
Hindu - Chennai,India
... DELHI: The Left parties on Thursday threatened to stage protests all over the country against the proposed move by the Government to raise prices of petroleum ...

Iran blames US for high oil prices
Seattle Post Intelligencer - USA
CARACAS, Venezuela -- OPEC was poised to keep production steady Thursday as Iran blamed the United States for high oil prices, saying threats against its ...

Gas Price News 6/1/06

Toyota, Honda soar while domestic automakers hurt by gas prices
WLNS - Lansing,MI,USA
... vehicles. Rising fuel prices hurt the domestic manufacturers, which rely more heavily on sales of trucks and sport utility vehicles. ...

Chairman admits high gas prices 'a problem'
Fort Worth Star Telegram - Fort Worth,TX,USA
... that the $98 million retirement package given to his predecessor, Lee Raymond, had generated opposition, and acknowledged that high gasoline prices "are a real ...

Costco misses forecast over gas prices
Seattle Times - United States
Costco on Wednesday reported a third-quarter profit a penny shy of Wall Street forecasts, as rising gas prices continued to pinch margins. ...

Vacation or bust: Gas prices won't stop most vacation travelers ...
Cadillac News - MI, United States
With this past weekend kicking off the summer vacation season, many businesses may wonder if rising gas prices are going to keep the tourists away this summer. ...

Canadian Gas Prices May Rise as Hot Weather Boosts Power Demand
Bloomberg - USA
June 1 (Bloomberg) -- Canadian natural-gas prices may rise for a second day as warmer-than-normal weather in the US increases demand for the fuel to generate ...

Gas prices jump in BN
Bloomington Pantagraph - IL, USA
... We need the real story wrote on June 01, 2006 4:09 AM:"I agree with "here we go again," why don't you do a real story on gas prices here. ...

NB to change gas prices every two weeks
Canada East - Canada
... is a 1987 act passed by Richard Hatfield's Conservative government that was never proclaimed, giving the energy minister the authority to set gas prices. ...

As gas prices rise, small cars generate big buzz
MSNBC - USA
... Most buyers are people trading in bigger cars and SUV's because of high gas prices. ... As long gas prices are high, so will interest be in these pint size rides.

Gas prices expected to remain mostly steady
Baltimore Sun - United States
Gasoline prices began rising more than two months ago as oil prices increased, gas supplies shrank and refiners in parts of the nation made a difficult ...

Legislation to Provide Relief From Soaring Gas Prices
Garden City Life - Garden City,NY,USA
I am pleased to announce the New York State Legislature has passed legislation providing New Yorkers with relief from soaring gas prices and put an end to ...

Consumers still spend in spite of gas prices
Shanghai Daily - Shanghai,China
... An increase in gas prices, which are up 37 percent over last year, could hurt retailers' results in coming months, said Deutsche Bank US economist Carl ...

Gas Price News 5/24/06

With gas prices up, travel will head down
Hilton Head Island Packet - Hilton Head Island,SC,USA
... Gas prices are up about 60 cents a gallon over last year and rising fuel prices are forcing airlines to cancel flights and increase fares. ...

Secretary: High gas prices won't hurt tourist industry
Portage Daily Register - Portage,WI,USA
State Tourism Secretary Jim Holperin said Tuesday that he doesn't think high gas prices will have a negative effect on the industry in Wisconsin. ...

US buyers may shun SUVs due to gas prices: survey
Reuters - USA
... consumers are considering swapping their sport-utility vehicles (SUVs) and big cars for more fuel-efficient vehicles because of high gas prices, according to a ...

Higher Gas Prices Will Impact Memorial Day Travel, Says AAA
WBOC TV 16 - Salisbury,MD,USA
TOWSON, Md.- For the first time in recent years, consistently high gas prices are taking a toll on travelers' habits, reports AAA Mid-Atlantic. ...

Energy profits - and prices - rise
Guardian Unlimited - UK
... Regulator Ofgem has already pointed out that wholesale gas prices for this winter are higher than last year, while British Gas owner Centrica said its ...

Kievans rally to protest increase in gas prices
RIA Novosti - Moscow,Russia
... Ukraine, which was involved in a bitter spat over gas prices with Russia at the beginning of 2006, is currently paying $95 per 1,000 cu m for gas, but Moscow ...

High gas prices fueling small car sales
Monsters and Critics.com - Glasgow,UK
... Fifty percent of respondents said they would consider a gas-electric hybrid and 38 percent would consider a flexible-fuel vehicle. ...

Centrica Delays Restarting Gas Storage; Prices Rise (Update1)
Bloomberg - USA
... natural-gas site after a February fire to take longer than scheduled. Winter gas prices rose to their highest in almost a month. ...

Yekhanurov is going to increase gas prices by 50%
Ukrainska Pravda - local,Kiev,Ukraine
... Energy Regulatory Commission dated March 30 as to 25% rise in gas and electric power tariffs for people came into force. Thus, retail prices increased from 17 ...

Gas prices prompt shift in car-buying strategy
MSNBC - USA
... photo. As gas prices keep rising, motorists increasingly are considering hybrid and diesel cars, a Consumer Reports survey finds. ...

Oil Price News 5/23/06

Hike in fuel prices may be
Daily News & Analysis - Mumbai,India
... prices is expected. Crude oil prices in New York rose to a record $75.35 on April 21 and April 24. They stood at under $70 on Monday. ...

Wide array of product prices rise with oil market
Scripps Howard News Service - Washington,DC,USA
... ailing the US economy lately. Raging oil prices are doing more than just aggravating SUV owners. They're starting to ripple through ...

Oil prices surge above 71 dollars on eve of energy stocks report
Xinhua - China
NEW YORK, May 23 (Xinhua) -- World crude oil prices surged above 71 dollars Tuesday amid concerns over an active hurricanes season, on the eve of US weekly ...

Oil prices settle above $71 a barrel
BusinessWeek - USA
... Gasoline futures advanced nearly 4 cents to settle at $2.095 a gallon, while heating oil prices also rose more than 6 cents to settle at $1.9989 a gallon. ...

Rising Oil Prices Send Solar Stocks Up
Houston Chronicle - United States
NEW YORK — Shares of solar stocks soared in afternoon trading on Tuesday as investors sought refuge from soaring oil prices. The ...

China Raises Oil Product Prices to Help Refiners (Update1)
Bloomberg - USA
... second-biggest energy consumer, raised prices of oil products for the second time this year to help refiners cover costs after crude-oil prices soared to ...

Oil prices rise past $70
NDTV.com - New Delhi,India
... Gasoline futures advanced 1.81 cents to $2.0755 a gallon (3.8 liters), while heating oil prices rose 1.08 cents to $1.9434 a gallon. ...

Oil prices hit SME index
Bangkok Post - Thailand
High oil prices are eroding the confidence of small and medium-sized enterprises, according to a new survey by the University of the Thai Chamber of Commerce. ...

Copper see-saws, gold lifted by strong oil prices
Business Times - Malaysia - Malaysia
Gold rose by 1 per cent to a session high of US$663.30 (US$1 = RM3.63) an ounce, buoyed by strong oil prices, while copper see-sawed between US$7,405 and US ...

Private cos free to fix oil prices
Navhind Times - Panjim,India
... companies (OMCs) are fixing the prices of sensitive petroleum products in consultation with it, private oil companies were free to fix the prices of their ...

Alternative Energy 5/23/06

Don't Listen To Dick Morris
American Thinker - Berkeley,AZ,USA
... immigration—and that the federal government can solve this problem with a massive research and development program in “alternative fuels.” The difficulty ...

Senator Clinton Calls For Greater Availability Of Alternative ...
NY1 - NY,USA
Senator Hillary Clinton says Americans can cut the amount of foreign oil we use in half by the year 2025. The US currently imports ...

ANGELIDES, JOINED BY ENVIRONMENTAL LEADERS, OUTLINES PRIORITIES TO ...
California Chronicle - Beverly Hills,CA,USA
... adopt a real smart growth plan, and put California at the forefront of renewable energy, environmental technology and clean, alternative fuels and vehicles. ...

Fiona Leggate Runs on Renewable Fuel with EEMS Support
EEMS - Energy Efficient Motorsport - UK
... ‘Energy equivalent flow’ will clearly define equivalency issues and open the way for alternative fuels to compete fairly alongside petrol in mainstream UK ...

OPEC in the News 5/23/06

OPEC can do little to lower oil prices: Bodman
Reuters - USA
NEW YORK (Reuters) - OPEC can do nothing to lower oil prices from current levels and has ceded much of its oil-pricing power to traders, US Energy Secretary ...

OIL FUTURES: ICE Brent Up Over $1/Bbl; Hurricanes, OPEC
CattleNetwork.com - Stanley,KS,USA
The rally in crude prices followed on the heels of Monday's advance after the US National Oceanic and Atmospheric Administration, or NOAA, said there was an 80 ...

Economic boom in Algeria
News24 - South Africa
... and 8% in 2008. Energy revenues in the OPEC member would likely go beyond $50bn, up from $45.6bn in 2005. The statistics were impressive ...

Venezuela supports OPEC production cut: minister
People's Daily Online - Beijing,China
... Ramirez said on Monday that Venezuela supports the idea of an oil production cut at the next meeting of the Organization of Petroleum Exporting Countries (OPEC ...

Oil jumps above $70 on hurricane forecast
Business Day - Johannesburg,South Africa
SYDNEY - Oil surged above $70 today as commodities staged a modest recovery from last week’s sell-off, Venezuela mooted Opec oil production cuts and the US ...

OPEC: OPEC and IMF hold first high-level joint meeting in Vienna
noticias.info - Spain
/noticias.info/ OPEC and the International Monetary Fund (IMF) held their first high-level joint meeting in Vienna, Austria, today (22 May). ...

NYMEX crude edges above $70 on weather, OPEC talk
Reuters - USA
... government forecast an active hurricane season that could threaten rigs and refineries again this year and Venezuela talked of the need for an OPEC output cut. ...

Gas Price News 5/22/06

Feds: No evidence post-Katrina gas prices were manipulated
San Francisco Chronicle - CA, USA
... The findings, which support longtime contentions by the oil industry that higher gas prices are purely a function of supply and demand in an increasingly ...

Q&A: Oil and gas prices
Seattle Times - United States
... But Donna Oiland of Lake Forest Park is almost convinced that in these days of soaring gas prices, service-station attendants are camped out at the signs ...

Decline of 2 cents is first drop in gas prices since February
Seattle Times - United States
The national average retail price of a gallon of gas fell about 2 cents the past two weeks, the first drop since prices began a steady climb in late February ...

Gas prices drop nationally for first time since February
The Herald - Everett,WA,USA
... nationally if not regionally, the average retail price of a gallon of gas fell about 1.45 cents during the past two weeks, the first drop since prices began a ...

RI gas prices down by 2 cents, AAA survey finds
Providence Business News - Providence,RI,USA
... Travel will be up slightly this Memorial Day holiday despite high gas prices and increasing vacation costs, according to AAA. AAA ...

Gas prices dip 3 cents a gallon in Mass.
Eyewitness News - East Providence,RI,USA
UNDATED Gas prices are down three cents a gallon on average from a week ago in Massachusetts, keeping them just below the three-dollars-a-gallon mark. ...

Higher gas prices may take toll on state coffers
Seattle Post Intelligencer - USA
... Even industries that would seem to be immediately affected by fuel costs are uncertain about the overall impact that record-high gas prices will have on the ...

Some break out bikes to commute as gasoline prices create an ...
Houston Chronicle - United States
... Cycling to work is just one way Americans are seeking relief from skyrocketing gas prices. People who normally drive to work are ...

Gas prices down, but Memorial Day weekend awaits
Pioneer Press - St. Paul,MN,USA
... gallon. That, too, is about a dime less than the average price at mid-week. Gas prices are backing off nationwide as well. The AAA ...

Gazprom to raise gas prices for Ukraine up to $130 per 1,000 cubic ...
Regnum - Moscow,Russia
Gas prices for Ukrainian consumers will rise from $110 up to $130 per 1,000 cubic meters (without VAT and transport expenses) since July 1. Such decision will ...

Rising gas prices fuel interest in hybrid cars
South Asian Women's Forum - New Delhi,India
Rising gas prices have pushed up visits to Toyota and Honda websites suggesting an increased interest in their hybrid cars. The ...

Refinery News 5/22/06

Nations to Expand Gas Refinery Capacity
Houston Chronicle - United States
ALMATY, Kazakhstan — Kazakhstan and Russia have agreed to jointly expand the capacity of a Russian natural gas refinery to allow it to process gas from the ...

Total, Aramco to set up $6bn refinery
newratings.com - USA
... Aramco is also expected to sign an agreement in the near future with US-based ConocoPhilips (COP) to set up another refinery of similar capacity in the Red Sea ...

Report digs into gas price variables
Milwaukee Journal Sentinel (subscription) - Milwaukee,WI,USA
... by market forces of supply and demand alone, and in fact are being spurred by oil-company mergers, deliberately restricted refinery capacity and volatile ...

Fire hits Valero's St. Charles refinery
San Antonio Business Journal - San Antonio,TX,USA
... The 250,000-barrel-per-day refinery is located 15 miles from New Orleans and has the capacity of producing gasoline, diesel and heating oil. ...

FTC gasoline price probe finds nothing
Boston Globe - United States
... Before Katrina struck, Congress asked the FTC to examine if refinery capacity or some form of market manipulation was behind rising gasoline prices. ...

UPDATE 1-Shell in talks over stake in CNOOC Huizhou refinery
Reuters - USA
... Nanhai naphtha cracker in Guangdong province, next to the planned refinery, from where it ... early this year though Tan declined to say at what capacity it is now ...

Oil firms blamed in report
The Capital Times - Madison,WI,USA
... Attorney General Peg Lautenschlager says that huge profits made by big oil companies are the result of industry actions to limit refinery capacity and keep ...

Gas pains: Building more refineries won't lower fuel costs
Scripps Howard News Service - Washington,DC,USA
... Wallin said about 2 million barrels a day, or 10 percent of US refinery capacity, was offline immediately following Hurricanes Katrina and Rita. ...

Local oil prices set higher than usual, says vocal senator
Thai News Agency MCOT - Bangkok,Thailand
... He pointed out the country’s refinery capacity totals around 1 million liters per day at current while the local demand is 700,000 liters per day with the ...

Come By Chance refinery needs upgrades
Reuters Canada - Toronto,Ontario,Canada
... in the near term, but the demand/supply balance could change if the new owner changes the product slate of the refinery and increase its capacity, traders said ...

OPEC in the News 5/22/06

Tapping into Libya's oil
CNN International - USA
... Just this past week Chavez traveled to fellow OPEC nations Algeria and Libya to sign trade agreements and hold talks with their leaders. ...

Opec to maintain output: Iran
Gulf Times - Doha,Qatar
OSLO: Opec’s June 1 meeting is likely to keep oil output unchanged though supply and demand figures suggest it should cut by up to 1.2mn bpd, Iran’s Opec ...

Falsehoods are par for the course when it comes to Venezuela's ...
VHeadline.com - Worth,IL,USA
Oil Wars Blogspot: You would think having watched Chavez revitalize OPEC and oil revenues increase the opposition would have learned something and would be in ...

US crude futures end sharply higher
Sydney Morning Herald - Sydney,New South Wales,Australia
... Meanwhile, oil market fundamentals would indicate an OPEC production cut, Venezuelan Energy Ministry Rafael Ramirez told reporters Monday in Caracas. ...

Venezuela supports OPEC production cut
Seattle Post Intelligencer - USA
CARACAS, Venezuela -- Venezuela will recommend cutting oil production at an upcoming OPEC meeting on June 1, Venezuela's oil minister said Monday. ...

Oil Price News 5/18/06

US, Saudi Arabia agree high oil prices are bad: Rice
Reuters - USA
WASHINGTON (Reuters) - The United States and Saudi Arabia agree that high crude oil prices are bad for global economic growth, US Secretary of State ...

US leading economic indexes lower on surging oil prices
Xinhua - China
... With the priceof a barrel of oil still around 70 dollars, and with interest rates slowly rising, the economy isn't likely to be picking up steam, he added. ...

Oil prices rebound after two-day decline
BusinessWeek - USA
MAY. 18 5:23 PM ET Oil prices climbed Thursday, reversing a two-day decline that was prompted by concerns about weakening demand. ...

Oil prices rise almost US$1 a barrel, rebounding after two-day ...
Canadian Business - Toronto,Ontario,Canada
WASHINGTON (AP) - Oil prices climbed by almost $1 US a barrel Thursday, reversing a two-day decline that was prompted by concerns about weakening demand. ...

Headwaters Cuts FY06 Forecast On Volatility In Oil Prices - Update
Trading Markets - Los Angeles,CA,USA
... The company noted that the uncertainty surrounding oil prices and lack of legislative action, which would affect its synthetic fuel production resulted in ...

PTT still keeps fuel prices unchanged
Thai News Agency MCOT - Bangkok,Thailand
... Executive Vice President of PTT, revealed the company’s decision to refrain from further raising the fuel prices was made because crude oil prices had begun ...
 

Russian Finance Minister Says Soaring Oil Prices Push Up Inflation
MOSNEWS - Russia
Russian Finance Minister Alexei Kudrin said on Wednesday, May 17, that Russian inflation is closely tied to global oil prices and expressed hope that annual ...

Higher Oil Prices boost HELPE Profit (18/05/2006)
Energy.gr - Greece
Greece’s largest refiner, Hellenic Petroleum (HELPE), reported stronger first-quarter net profits yesterday, helped by higher oil prices and favorable ...

Oil prices fall
NDTV.com - New Delhi,India
Oil prices fell below $69 a barrel on Wednesday after the US government data showed the domestic supply of gasoline rising for the third straight week amid ...

Rising oil prices will not impact GDP growth: Assocham
Hindustan Times - India
Industry body Assocham said on Thursday that rising oil prices are unlikely to affect India's GDP growth rate as the economy was no longer susceptible to oil ...

Gas Price News 5/18/06

Gas prices won't slow holiday driving
CNN - USA
... NEW YORK (CNNMoney.com) - Despite near record gas prices and repeated cries for someone to do something about them, the American motorist plans on driving even ...

Commodities: Utilities and chemical industry help lift gas prices
International Herald Tribune - France
... Industrial consumers that include chemical and fertilizer companies have moved operations outside the United States to avoid high gas prices. ...

StatsCan says April gas prices drove up inflation
CTV.ca - Canada
OTTAWA -- Higher gasoline prices at the pump drove up the annual inflation rate to 2.4 per cent in April, from 2.2 per cent in March, Statistics Canada said ...

Natural-gas prices drop to a 16-month low
MarketWatch - USA
... Despite the lofty supply levels, Shankar said he still believes there is "some upside potential for natural-gas prices in the second half of the year.". ...

Climbing gas prices derail holiday plans
Macomb Daily - Mount Clemens,MI,USA
By Tom Watts. Many Macomb County motorists may stay closer to home for Memorial Day weekend because of increasing gas prices. The ...

Gas prices drive up transit costs
YorkRegion.com - Keswick,Ontario,Canada
With gas prices hovering around the $1 mark for most of the year, the region's operations budget has increased by about $2 million, Rick Takagi, manager of ...

Shoppers cut back as gas prices rise: survey
Reuters - USA
... Some 69 percent of shoppers with household incomes of $50,000 or higher said that gas prices were negatively affecting spending, up from 59 percent in last ...

Gas Prices Spike Searches For Hybrids
WebProNews - Lexington,KY,USA
Gas prices reaching $2.90-$3.00 per gallon appear are the boiling point that pushes consumers onto the Internet to research some peace of mind, according ...

Gas prices drive down demand
USA Today - USA
... EIA analysts said in their weekly report that declines in wholesale prices this week suggest the average gas price will remain below $3 a gallon, "absent ...

State Senate hopeful offers relief proposal on gas prices
Urbana/Champaign News-Gazette - Champaign/Urbana,IL,USA
... Rural East Central Illinois residents often have longer commutes and less access to alternatives like public transportation, and high gas prices are having a ...

Coming Sunday: Vanpooling grows as gas prices rise
Greensboro News Record - Greensboro,NC,USA
A look at the increasing popularity of vanpooling in the Triad amid rising gas prices in Sunday's News & Record. An open casting ...