Slow fuel output behind high pump prices: W. House
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Sluggish fuel production from the nation's oil refiners is a key factor behind soaring pump prices, a White House economic adviser said on Wednesday.
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CRAWFORD, Texas  - President Bush's economic  advisers are warning that high energy prices have become a drag  on the U.S. economy and not merely a threat to growth, chipping  away at Bush's upbeat election-year projections and increasing  pressure on him to act.
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Oil prices were dragged down today by heavy losses on U.S. gasoline as summer driving demand failed to meet expectations.
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Some executives warn that current fuel shortages could become a long-term problem, leading to higher gas prices.
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Big oil companies did not conspire to raise U.S. gasoline prices last summer, as it was high crude oil costs and supply problems that caused the spike in pump prices, government investigators said on Thursday.
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The average price for a gallon of gasoline in the United States fell below $3 due to less demand and slightly lower oil prices, and was likely to hold steady, according to an industry analyst.
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Energy law sets efficiency levels for cars and homes but environmentalists say measures are too limited
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The price of a gallon of gasoline in the United States fell over the last two weeks during a seasonally slow consumption period, according to an industry analyst.
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NEW YORK Oil prices have skidded below 48 dollars a barrel after the US government reported increases in the nation&#39;s supply of crude oil and distillate fuel, which includes heating oil.
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A hike in petrol, diesel and cooking gas prices was postponed yet again by the government today. The decision was taken after pressure from the Left, which wanted the price hike to be put off till after the
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The Confederation of British Industry blames record oil prices and rising interest rates for what it expects to be a slowdown in consumer spending.
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CRAWFORD, Texas  - President Bush's economic  advisers warned on) Sunday that high energy prices have become  a drag on the U.S. economy and not a threat to growth, chipping  away at Bush's upbeat election-year projections and increasing  pressure on him to act.
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The UK is lagging behind other countries on biomass and biofuels, says a parliamentary committee.
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The cost of a barrel of oil in London has dipped below $40 as energy prices have continued to slide. The price of Brent crude in London fell to a three-week low of $39.
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Producer price inflation in Germany, which has been surging recently as a result of runaway energy and steel prices, slowed somewhat last month as oil prices came off the boil, according to the federal statistics office Destatis.
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The United States has plenty of fuel in  storage for winter heating thanks to near full-throttle  refinery production, but household energy bills are still  likely to be up sharply, the head of the U.S. Energy  Information Administration (EIA) said on Friday.
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World oil prices have shot to record highs as concern grows about even more expensive fuel at the petrol pumps. In London, Brent North Sea crude oil for delivery in November surpassed $50 a barrel for the first time in the contract&#39;s 16-year history.