Gasoline supplies hit 2-year low
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U.S. gasoline supplies dropped last week to their lowest level since Hurricane Katrina slammed into Gulf Coast refineries two years ago, the U.S. government said on Thursday.
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Oil tumbled more than two dollars on Tuesday to below $59 a barrel, sinking to the lowest level since February and prompting OPEC's president to call on the exporter group to deepen supply cuts.
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Gasoline prices plunged more than 21 cents a gallon over the past two weeks to a national average of $2.66 amid an abundant supply of fuel at service stations, a national survey said Sunday.
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US average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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Crude oil fell almost $2 a barrel, the biggest decline in two weeks, after the US Energy Department reported an unexpected rise in inventories.
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Crude oil futures fell below $47 a barrel yesterday as the US government's latest petroleum report showed an unexpected rise in gasoline inventories and a surprising decline in the nation's oil supply.
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Oil prices fell nearly $2 a barrel on  Wednesday, dragged down by heavy losses in U.S. gasoline  futures after summer driving demand in the world's largest  consumer failed to meet expectations.
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Crude oil prices continued down their slippery slope yesterday, hitting a two-month low after Iran&#39;s government took steps to dampen political tensions with the United States.
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Crude oil futures slid Thursday to their lowest levels in more than two weeks as concerns over supplies ahead of the Northern Hemisphere winter eased because of a rise in US inventories.
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An increase in the worldwide supply of crude oil contributed to a dip in U.S. prices at the gas pump over the last two weeks, an industry analyst said Sunday.
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As if $2 a gallon gasoline hasn&#39;t been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.
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WASHINGTON - As if $2 a gallon gasoline hasn't been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.    A looming winter energy crisis, while unlikely to grab hold before the Nov...
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The recent drop in prices at the pump could pick up steam, driving gasoline sharply lower in coming months, USA Today reported Wednesday.
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U.S. average retail gasoline prices  fell more than 10 cents a gallon over the last two weeks due to  more abundant crude oil supplies and mainly lower oil prices,  according to an industry analyst.
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CAMARILLO, Calif. Gasoline prices are dropping, thanks to an increase in the supply of crude oil. The semimonthly Lundberg Survey finds the combined national average price for all grades of gasoline is now two dollars and four cents.
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WASHINGTON -- Oil prices jumped almost $2 yesterday after briefly dropping to nearly $60 a barrel, while natural gas futures plunged to their lowest level since December 2002.
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The U.S. retail price for gasoline   fell to an average $2.38 a gallon, dropping for the seventh   week in a row, and could decline another 23 cents by   mid-October, the government said on Monday.