Consumerist
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gas prices
Gas Prices Have Fallen For 51 Straight Days
AAA says that gas prices have fallen for 51 straight days — and that the current average price is $2.31 per gallon. The current price is the lowest the nation has seen since February of 2007, and is 43.8% lower than the record high of $4.11 set during July of this year. More » -
Why Was Gas So Expensive?
Did you know that gas price gouging almost never occurs as prices rise? Rather, it's most often when dealers keep prices artificially high even as their costs fall. As gas costs were near $5 a gallon until falling and oil companies earn around $100 billion each year, it's a good time to question what really goes into the price of gas. The numbers on the gas station sign hide a complex set of transactions. Before gas can power your car, it must be discovered as crude oil, traverse three markets, and be refined from crude into gas. Inside, we'll explain the three markets, walk you through the role of refineries, and show how oil companies use creative tactics to manipulate gas prices...
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3:12 PM on Mon Oct 13 2008
By Carey
36,510 views, 106 commentsMost discussed ai2tis: I guess my comment will be banned because this blog is mainly American. But the truth sometimes hurts. I can't believe. more »
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Gas prices spiked in Ike's wake this weekend, in some places to over $5. [AP]
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GM Employee Pricing
GM Extends Employee Pricing Through September
GM has extended its employee-discount-pricing plan to the end of September on all 2008 and some 2009 models. Please buy our cars. Someone. Please. [GM Employee Discount Site via Kicking Tires] -
gas prices
Sign Of The Times: $100 "Pay At The Pump" Limit
Reader Paul sends in this photo of a sign he saw at a gas station in Texas. First people were upset that gas stations were putting "outrageously high" holds of $100 on their cards when they paid at the pump. Now $100 is just the most you can buy at the pump without going inside and having them swipe your card. Sad. More » -
gas prices
Oil Prices Drop, Sadly
The price of oil dropped $2.19 today, to $117.91, spurring a stock market and dollar rally. Sounds like good news. Except that it's dropping because the market thinks more people won't be able to afford to drive their cars as much. Who's up for a "staycation?"
Oil Prices Tumble Again; Stock Markets Surge [NYT] (Photo: hanapbuhay)
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suvs
Ditching Your Gas-Guzzling SUV Could Be More Expensive Than You Think
SUVs are worth so little that it could take 15 years for a more fuel efficient vehicle to pay for itself in gas savings. Before rushing to trade-in your gas-guzzler, do the math and make sure it isn't economical to hold onto your unfashionable behemoth. Here are three questions to consider... More » -
pain at the pump
Expert Says Gasoline Prices Could Drop To $3.50 Per Gallon By Labor Day
According to Phil Flynn, Vice President and Senior Market Analyst at Alaron Trading, gas prices nationwide have been recently reduced about $.05 per gallon and he says this is just the beginning. He predicts that gas prices could go down to $3.50 a gallon by Labor Day (Sept. 1st). More » -
gas prices
Federal Reserve Chairman Thinks High Gas Prices Are Here To Stay
Federal Reserve Chairman Ben Bernanke told congress today that he expects the economy to stay sluggish, and was extremely pessimistic about the price of oil in the future. Despite the the airline industry's open letter to consumers claiming that speculators are driving up the price of oil and causing a commodities bubble, Bernanke doesn't agree. More » -
gas prices
Can Prayer Lower Gas Prices? These People Think So
Some people think we don't have a prayer of gas prices dipping below $3.00 for a good long haul. These parishioners holding hands around a Shell station beg to differ. They're part of a group called "Pray At The Pump," organizing prayer-circles at various DC area gas stations, hoping to goad divine intervention into lowering gas prices. I wonder if they carpooled to the rendezvous point.
Activists Keep the Faith, if Not Their Money [Washington Post] (Thanks to ejangles!)
gas prices
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