October supplies of gasoline are at a three-year high for that month, but refiners are still running at high speed because they are earning fat profits exporting diesel, which is made using the same process that converts oil to gasoline.
Prices for gasoline on the New York Mercantile Exchange have fallen roughly 11% in September as supplies reached their highest level in three years and the peak summer driving season ended. Technology allowing companies to retrieve oil from shale-rock formations
Retail prices for a gallon of regular-grade gasoline will average $3.86 from April through September, up from $2.76 for the comparable period last year, said the Energy Information Administration, the statistics arm of the Department of Energy. In some areas,
Commodities fell for a fourth day, led by a 2.5 percent slide in crude oil, as Japan’s biggest earthquake and nuclear crisis spurred concern that demand for energy and raw materials will shrink. The Standard & Poor’s GSCI spot index
Gasoline prices are setting records across Europe and exceeding $4 a gallon in California as the rise in crude oil caused by the conflict in Libya punishes companies and consumers. Households are cutting back on travel, cinema visits and groceries
CRUDE oil prices have risen this year, and this week they briefly touched $100 a barrel for the first time since 2008. But not everyone felt the pinch. While gasoline prices were rising in the United States, the cost of
The surge in grain prices that has been stoking food inflation for months in much of the world is beginning to seep into U.S. supermarkets and restaurants. U.S. food prices will jump between 3% and 4% this year, the U.S.
Gasoline prices averaged $3.14 a gallon in the U.S. last week, according to the U.S. Energy Information Administration, up 2.9% from Dec. 27. In February 2008, when oil prices settled in triple digits for the first time in history, retail
Fresh worries about the U.S. economy rattled commodities markets, sending prices of several benchmark materials to their lowest levels in months. Growth-sensitive commodities such as crude oil and copper frequently follow the lead of stock markets as a proxy for