Oil Blog

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. ...

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 ...

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 ...

Gas Price News 5/11/06

State tourism officials optimistic despite high gas prices
Janesville Gazette - Janesville,WI,USA
By John Hartzell. MILWAUKEE - Denise Armstrong says high gas prices won't stop her family from taking a summer vacation - they'll just do it closer to home. ...

HIGH GAS PRICES HIT MAIN STREET
San Jose Mercury News - CA, USA
... From fuel surcharges added to hamburger-bun deliveries, to haircuts put on hold, to the climbing cost of overseas postage, rising gas prices have bloodied this ...

Polish shares close higher, boosted by copper, gas prices
Forbes - USA
... Copper producer KGHM jumped 4.7 pct to 135 zlotys as copper prices reached 8,500 usd a ton. Gas monopoly PGNiG was up 5.4 pct 4.08 zlotys after reporting ...

Oil Industry Official Says High Gas Prices Reflect Supply And ...
KWTX - Waco,TX,USA
(May 11, 2006)—Red Cavaney, the president of the American Petroleum Institute, told a US House Committee Thursday that high gasoline prices are the result of ...

High gas prices lead to boom in motor scooters
Boston Globe - United States
NEW YORK --With gas prices above $3 a gallon, software engineer Daniel Fry has been commuting to work over the Brooklyn Bridge in a car pool of sorts. ...

Survey: Mainers like their SUVs despite growing gas prices
Boston Globe - United States
... Maine --A federally funded survey by the University of Maine shows that the state's love affair with sport utility vehicles isn't dampened by high gas prices. ...

Golden Triangle Gas Prices Decline; Still 10 Cents Higher Than ...
KBTV4.tv - Beaumont,TX,USA
... It`s the survey`s first drop in gas prices since late February. ... It`s not much better in Los Angeles, where gas prices average three-dollars-42-cents a gallon. ...

High gas prices choke US' retail sales in Apr
Economic Times - India
NEW YORK: Weaker-than-expected April retail sales signaled slower US growth as gasoline prices bit, data showed on Thursday, bolstering views that the Federal ...

Are increased tax revenues worth the higher gas prices?
San Francisco Chronicle - CA, USA
... Steep gas prices will encourage development of high-mpg vehicles and also help cure the state's budget deficit -- a win-win situation, unless you were dumb ...

Proposals to cut gas prices scrutinized
USA Today - USA
The US government has probed high gas prices about 30 times over the past 20 years. Oil companies were never found to have colluded to fix prices. None. ...

Gas Price News 5/10/06

Gas prices give students new concern for summer
OSU Daily Barometer - Corvallis,OR,USA
By Adam Campbell. As many have noted in recent weeks, gas prices around Oregon have been steadily rising, leaving many questions. ...

Legislative gimmickry won't lower gas prices
Eagle Tribune - Lawrence,MA,USA
... much any state legislature can do, of course, to affect gasoline prices which go ... Lynch, however, correctly pointed out that a gas-tax moratorium would just let ...

VIEW POINTS: RON MULLIN: Rising gas prices buy us food for thought
Pleasant Hill/Martinez Record - Pleasant Hill,CA,USA
... necessary. All of us are affected by high gas prices and are looking for someone to be the object of our ire. Is it President Bush? ...

Students protest gas prices in unique way
Gateway Newspapers - USA
By Jeffrey Widmer, Staff Writer. Government studies, high school students will tell you, can be a bit on the boring side. It all depends on the day. ...

Anti-gouging laws don't cut gas prices
San Francisco Chronicle - CA, USA
... Some members of Congress, eager to be seen doing something about gas prices, passed a bill last week directing the Federal Trade Commission to come up with a ...

Gregg sponsors plan to lower gas prices
WCAX - Burlington,VT,USA
... Gregg says says removing the import fees would temporarily increase the amount of foreign ethanol to the supply and help lower gas prices. ...

Experts predict drop in gas prices
King County Journal - Bellevue,WA,USA
They caution, however, that the risk of high gasoline prices remains because of hurricane ... in Puget Sound, as the average price of regular unleaded gas in the ...

Gas Prices: Time for Action Today
Manufacturers' Blog - Washington,DC,USA
God knows we've written enough in this space of late about gas prices. A few commentators have suggested we all rise up and weigh in. ...

Thunder Energy Trust cuts distribution 20% as natural gas prices ...
Resource Investor - Herndon,VA,USA
... CP) -- The Thunder Energy Trust [TSX:THY.UN] is cutting distributions to unitholders by 20 percent as a result of deflating natural gas prices and snags in ...

Gas Price News 5/8/06

Brazil: No Problems If Bolivia Ups Gas Prices
Stratfor - USA
Brazilian consumers would not have problems if Bolivia increases natural gas prices in the future, Brazilian President Luis Inacio "Lula" da Silva said May 8. ...

Gas prices fall to $2.90 for regular
The News Journal - Wilmington,DE,USA
... Gas prices have been falling since US government data last week showed gas supplies were increasing. As a result, crude oil ...

New Yorkers urged to complain about gas prices
Albany Business Review - Albany,NY,USA
New York's top consumer advocate is urging consumers to call and complain when they think gas prices are too high. "If consumers ...

Oil prices fall amid stagnant gas demand
BusinessWeek - USA
... heating oil prices slipped more than 2 cents to $1.929 a gallon. Natural gas prices lost 16.5 cents to $6.61 per 1,000 cubic feet. ...

Gas Prices Ease as Crude Drops Below $70 a Barrel
Los Angeles Times - CA,USA
... and some signs of weakening demand in the face of soaring fuel prices helped push ... At the gas pump, the average price of a gallon of unleaded gasoline slipped ...

Man Switches to Horse to Protest Gas Prices
KXTV - Sacramento,CA,USA
Texas, says he's riding a horse to do his errands, as a protest against the price of gas. Settle said he has saved $565 over the ...

E.On profit seen rising 7% on power prices
MarketWatch - USA
... Endesa SA (ELE), is expected Wednesday to publish improved earnings for the first quarter of 2006 thanks to rising electricity and natural-gas prices, as well ...

FOREIGN POLICY, MONETARY POLICY, AND GAS PRICES
Free Market News Network - Pompano Beach,FL,USA
The burning issue in Washington today is high gas prices, and it won’t go away anytime soon. Americans are not happy about paying ...

Gas Prices Hit Their Peak?
WFIE-TV - Evansville,IN,USA
Some good news to think about as you're filling up at the pump. Although gas prices don't appear to be going down, one analyst says, they have peaked. ...

Gasoline prices: Ideas differ about cause, solution
Louisville Courier-Journal - Louisville,KY,USA
... The second choice is to put our anti-trust laws to work and break up Big Oil. This would result in competition, and, once again, lower gas prices. ...

Gas Price News 5/4/06

High gas prices take a toll on businesses
CNN - USA
... NEW YORK (CNNMoney.com) - With gas prices near record highs, some small-business owners are getting pummeled at the pump. Roland ...

Nova Scotia to regulate gas prices along PEI model
Globe and Mail - Canada
... a cabinet meeting. Nova Scotia regulated gas prices in the 1980s, but got rid of the restrictions in 1991. Minister of Service Nova ...

S.American leaders agree to negotiate gas prices
Boston Globe - United States
... PUERTO IGUAZU, Argentina (Reuters) - Four South American presidents agreed on Thursday to negotiate prices of Bolivian gas and that supplies should keep ...

05/04/06 FOX News Poll: Gas Prices a Problem, but Not a Crisis
FOX News - USA
... In addition, a clear majority would rather let gas prices fluctuate based on supply and demand than have the government regulate prices and ration gas supplies ...

UPDATE 2-High prices spur Canadian Natural to switch to oil
Reuters - USA
... "The incredible move in heavy oil prices versus the outlook for weakness in natural gas prices makes Canadian Natural's switch to a heavy oil emphasis pretty ...

EOG Resources 1Q Profit Surges on Prices
MSN Money - USA
... Resources Inc. on Thursday said higher oil and gas prices drove first-quarter profit up sharply to top Wall Street expectations. ...

Ford, GM: Gas prices near peak
Louisville Courier-Journal - Louisville,KY,USA
... said that while high fuel prices are causing some people concern, the US economy is healthy and "futures prices currently suggest that gas prices are near ...

Gas prices undermine Bush ties
International Herald Tribune - France
... But the political pressures created by soaring gasoline prices have shifted the emphasis ... least cut $2 billion in tax incentives for oil and gas drilling that ...

Running on empty on gas prices
Los Angeles Times - CA,USA
I'D PLANNED ON IGNORING the inferno of idiocy raging in the nation's capital over gas prices, but it's looking like an eternal flame. First came the Democrats. ...

US Retailers Gain as Shoppers Shrug Off Gas Prices (Update6)
Bloomberg - USA
... Increases in gasoline prices, which rose 12 percent in April, could limit spending in May and June, said Arun Daniel, an analyst at ... So far the gas price impact ...

Gas prices hit $3.32 average, but expected to level off
San Jose Mercury News - CA, USA
... Last Friday Rotten Robbie was charging $3.09 for a gallon of gas, when its suppliers hiked prices 8 cents a gallon. Then on Monday ...

Gas Price News 5/2/06

Latham restaurant launches promotion tied to soaring gas prices
Bizjournals.com - Charlotte,NC,USA
Rising gas prices will mean a slightly cheaper meal at The Century House, a restaurant in Latham. The restaurant announced Tuesday ...

Car industry revives incentives to counter gas prices
Arizona Republic - Phoenix,AZ,USA
... At the same time, there is some evidence that gas prices may be reaching a level that is changing some consumer's vehicle preferences. ...

Higher Gas Prices Take Wind Out Of The Sails Of US Carmakers
Trading Markets - Los Angeles,CA,USA
... In April, these companies had the gas prices to blame, but could not vindicate themselves creditably because of continued strong performance of their Asia peers ...

Remington Oil 1Q Profit Up on Prices
MSN Money - USA
DALLAS (AP) - Remington Oil & Gas Corp. on Tuesday said higher oil and gas prices and strong production drove first-quarter profit up sharply. ...

Gas prices have mixed impact on automakers
BusinessWeek - USA
2 3:04 PM ET Rising gas prices had a mixed impact on US auto sales in April, with some makers reporting plummeting sales of trucks and sport utility vehicles ...

Consumer Gas Prices Rises in
Kommersant - Moscow,Russia
Interfax news agency reports that the Georgian national commission to regulate energy had paid for the rise in gas prices since the beginning of the year, when ...

Students Pedal To Class In Protest Of Gas Prices
WPXI.com - Pittsburgh,PA,USA
-- The high gas prices are not only affecting older Americans. ... To protest the high gas prices they hopped on their bikes and peddled their way to school. ...

HIGH PRICES CAUSED BY IRAQ WAR
Yahoo! News - USA
... High gas prices freak us out, not necessarily because they're objectively too high--we Americans still pay a lot less than they do in Europe--but because we've ...

Natural gas prices bring a consumer revolt in Germany
International Herald Tribune - France
... E.ON officials say they cannot control rising prices, which are tied to import contracts that link natural gas prices to oil prices. ...

Demystifying gas prices
Houston Chronicle - United States
... He cited President Clinton's investigation into the high gas prices 10 years ago. ... Charles Krauthammer's commentary on high gas prices disturbed me deeply. ...

Gas grab drives oil prices higher
Melbourne Herald Sun - Australia
... Ms Brookman said that more developing nations may be tempted to embark on nationalisation programs as oil and gas prices continued to rally. ...

Gas Price News 5/1/06

Poll: Gas Prices, Iraq Weigh Down Bush
CBS News - USA
(CBS) With gas prices sky-high and no end of the Iraq war in sight, President George W. Bush's approval rating hits an all-time low in a new CBS News poll. ...

Mellody Hobson: Gas Prices Not Going Down
ABC News - USA
... Mellody Hobson, "Good Morning America's" financial contributor and president of Ariel Capital Management, weighed in on the future of gas prices in America. ...

How Have High Gas Prices Changed Your Life?
FOX News - USA
... But lately nobody has been buying shoes. I’m guessing that it’s because the gas prices are set from $2.89 to $2.99 throughout Pensacola. ...

Gas Prices Won't Hamper Local Law Enforcement
KAIT - Jonesboro,AR,USA
CRAIGHEAD COUNTY , AR -- The Memphis Police Department is starting to feel the sting of the recent hike in gas prices. MPD is already ...

Delaware gas prices down 1 cent overnight
The News Journal - Wilmington,DE,USA
... barrel in morning trading. Prices briefly dipped below $71 last week after surging above $75 the week before that. • Iran’s top ...

State's gas prices level off in weekly survey but remain high
Boston Globe - United States
BOSTON --Gasoline prices remained largely unchanged in Massachusetts over the past week ... average price of $2.89 per gallon of self-service regular gas, the same ...

Gas Prices Will Last Years, Bush Aides Say
Los Angeles Times - CA,USA
... Gas prices approached record highs last week, further angering motorists and putting a scare into lawmakers seeking reelection in six months. ...

Tough Questions About Gas Prices - Sen. Santorum
KDKA - Pittsburg,PA,USA
... Federal election records show that he has taken more money from oil and gas interests than any Senator except the senator from Texas. ...

Consumer prices for natural gas leap 25% in Ukraine
RIA Novosti - Moscow,Russia
... The regulatory body announced its plans to gradually increase natural gas prices in 2006 and 2007 to "economically sound levels". ...

Survey says Michigan gas prices dropped in past week
Detroit Free Press - United States
(AP) -- Gasoline prices in Michigan ... The cheapest gas in Michigan was in the Saginaw-Bay City area at $2.83, while the most expensive was in Traverse City at ...