Fuel price flying off the handle
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The airline industry is expected to lose as much as $4-b in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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NEW YORKâOil prices fell nearly $2 (US) a barrel yesterday, dragged down by heavy losses in gasoline futures after summer driving demand in the United States failed to meet expectations.
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Gas prices have dipped slightly since last month, but the good news at the pump might not last, an industry analyst said Sunday.
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Fuel prices dropped this week in Michigan and metro Detroit, according to a survey posted on AAA Michigan&#39;s Web site. Michigan motorists paid $1.
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The freefall in U.S. gasoline prices   continued as the average pump price dropped 12 cents over the   last week to $2.50 a gallon, the government said on Monday.
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Average Massachusetts gasoline prices have dropped 22 cents in the past month, and the leading oil retailer in New England had a motorist-delighting prediction yesterday: Gas could well be $2 a gallon by January.
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Oil prices held firm on Friday after  leaping almost $2 a day earlier on news U.S. crude stocks sank  to a five-month low last week and distillate fuels barely grew  ahead of winter.
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Gas prices have eased up a bit over the past couple of months, but they are still more than 30 cents higher than a year ago. Which is why price-sensitive motorists are flocking to the Internet to find cheap &#151; or at least cheaper &#151; gasoline.
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Converting corn and soybeans into fuels is contributing to higher food prices. The dispute is how much.
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NEW YORK  The average price of a gallon of  gasoline fell 21 cents in the last two weeks.
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WASHINGTON -- The likelihood of finding $2-a-gallon gasoline in some parts of the United States is increasing by the day.
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American Airlines, United Airlines and US Airways  doubled their fuel surcharges to $40 from $20 on domestic roundtrip tickets over the weekend, matching a move by Continental Airlines  last week.
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By Anonymous  The soaring prices of oil and natural gas have sparked a race to make transportation fuels from plant matter instead of petroleum.
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The U.S. nationwide price for  gasoline rose closer to $2 a gallon over the last week and  diesel fuel hit a new record high for the second week in a row,  the government said on Monday.
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NEW YORK  The average price of a gallon of   gasoline fell 21 cents in the last two weeks.
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The price of plane tickets is about to rise as travellers are forced to pay for the soaring cost of oil.
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The average retail price of a gallon of gasoline in the United States jumped nearly 13 cents in the last two weeks and could go higher as retailers currently facing losses try to recover their profit margins, according to an industry analyst.