Americans are driving less for the first time in nearly 30 years as they face up to skyrocketing fuel prices, putting a dent in lifestyles in a country where the car has long reigned as king.
With the price of gas approaching $4 a gallon, more commuters are abandoning their cars and taking the train or bus instead.
Mass transit systems around the country are seeing standing-room-only crowds on bus lines where seats were once easy to come by
Noel Bosse and Ken Davis watch as the numbers keep spinning at the gas pump -- 70 bucks, 80 bucks. Gulp, guzzle, then it stops: $101 for about 25 gallons. The $100 fill-up has arrived in the United States.
Retail gas prices set new records Friday on their seemingly relentless march toward $3.50 a gallon, and diesel prices pushed further above $4 a gallon. Crude futures, meanwhile, surged to a new record of $117 a barrel.
What a response! Thanks to your overwhelming feedback, our "Pain at the Pump" campaign was a huge success. Within a few hours, thousands upon thousands of you voiced your outrage over skyrocketing gas prices.
Excitement about the potential of Brazil as a massive new source of oil and gas intensified yesterday after a senior energy ministry official declared that the newly found Carioca field could have 33bn barrels in place.
If they can't afford to drive (due to gas prices taking better than half of thier wages) then we won't have the goods shipped to our local stores. This is a baaad situation... one that will only get worse before it will get better. Prepare now!
An omen of things to come is the soaring cost of crude oil, which climbed to a new record price of $109.72 a barrel on the New York Mercantile Exchange on March 11. Higher crude prices have already been reflected in the farm fuel market. Data from..
NEW YORK - Gasoline prices were poised Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged above $108 to a new inflation-adjusted record and their fifth new
It finally happened this week. The price of oil passed the all-time inflation-adjusted peak of $103.76 that was set in April 1980--and is now three times what it was just four years ago. What's going on? This is a record that virtually none...
Gas prices in California are at an all-time high. The statewide average price for a gallon of regular is now 58 cents more per gallon, than the same time last year.
Gas prices continue to soar in Florida and across the nation. The average price of regular unleaded today shot up another six cents a gallon since Thursday, to $3.221 a gallon. That's up 14.5 cents a gallon since last week.
There hasn't been a new oil refinery built in America in decades. Equipment in use is deteriorating rapidly.OSHA hasn't been conducting adequate refinery health & safety inspections. What next - outsourcing all our refining capabilities?
