Tracking gas prices -- baltimoresun.com

OPEC to hold meeting in Nov. on oil prices

NEW YORK OPEC said yesterday that it will hold an extraordinary meeting Nov. 18 to discuss how the widening global financial crisis is affecting oil prices, a move that could lead to a coordinated production cut in a bid to halt crude's steep losses. In a statement published on its Web site, the Organization of Petroleum Exporting Countries said it is concerned about how the crisis is hampering global economies and world oil markets. The meeting will be held in Vienna, Austria. More

Oil drops below $90 a barrel

Oil prices plunged below $90 a barrel yesterday, coming within reach of year-ago levels as a widening financial storm spreads overseas and crimps global demand for energy. More

Oil prices hit two-week low

Oil prices closed at their lowest level in two weeks yesterday, tumbling below $94 a barrel on doubts that a revamped financial bailout plan will be enough to avoid a protracted economic slump and revive dwindling U.S. energy demand. More

BGE warns of rise in natural gas prices

BGE customers can expect to pay an average of about $110 more for natural gas this winter over a year ago because of an expected rise in the market price and predictions that the region's heating season will be colder than the last one, the company announced yesterday. More

Oil surges by $16 a barrel

Oil prices spiked more than $25 a barrel yesterday - the biggest one-day price jump ever - on anxiety over the government's $700 billion bailout plan, a weak dollar and an expiring crude contract. More

Oil price up slightly after rally

Oil prices rose modestly but closed well off their session highs yesterday as a late-day stock market rally soothed investors' concerns about the economy and demand for energy. Earlier, the contract topped $100 a barrel as investors uneasy about the worsening financial crisis flocked to commodities as a haven. More

In Ike's aftermath, motorists face wide range of gasoline prices

As gas wholesalers and Baltimore-area service stations continue to deal with the fallout caused by Hurricane Ike, consumers were faced yesterday with widely ranging prices as they filled up their tanks, from $4.15 at one location in Govans to $3.57 at another stop in Baltimore. More

Gas prices go up, but crude oil prices go down

Hurricane Ike unleashed its fury at gas pumps yesterday, with prices surging even as crude oil dropped to a five-month low of less than $100 a barrel. More

Gas prices on the rise

Even before Hurricane Ike smashed into the U.S. Gulf Coast, it had already made an economic landfall, sending wholesale gasoline prices soaring yesterday and straining the nation's fuel supply chain. More

Wholesale gas prices spike as Ike nears Texas

Gasoline prices jumped to unprecedented levels on the wholesale markets yesterday as Hurricane Ike tore across the Gulf of Mexico, threatening to strike Texas and its refineries. More

OPEC leaders decide to reduce oil production

VIENNA, Austria OPEC oil ministers have decided to curb overproduction by more than 500,000 barrels. The move is a compromise meant to avoid new turmoil in oil markets while at the same time reflecting OPEC attempts to prevent prices from falling too far. Crude prices have dropped nearly 30 percent since spiking to nearly $150 a barrel in July. An OPEC statement issued after oil ministers ended their meeting early today said the organization agreed to produce 28.8 million barrels a day. OPEC President Chakib Khelil said that quota in effect meant that member countries agreed to cut back 530,000 barrels a day in overproduction. More

As gas prices fall, will we go back to guzzling?

So at what point, as the gas prices fall and maybe even stabilize, do Americans consider buying SUVs again? I know it sounds crazy - that common-sense adults would go back to the fuel-sucking SUVs, with the price of gas floating between $3 and $4 a gallon, the economy stumbling, unemployment rising, the national debt growing and a cloud of uncertainty overhead. But it could happen. It's happened before. More

As Gustav passes, oil drops to five-month low

Oil prices plunged to the lowest level in five months yesterday, falling to within sight of $100 a barrel on signs that Hurricane Gustav only grazed U.S. energy infrastructure in the Gulf of Mexico. More

Oil price rises to highest in weeks

Oil prices shot up more than $5 a barrel yesterday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West. More

Oil prices drop to 3-month low

Oil fell to its lowest price in three months yesterday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002. More

Electric bikes getting popular

When Honora Wolfe and her husband moved to the outskirts of Boulder, Colo., she wanted an environmentally friendly way to commute to her job as a bookshop owner in the city. More

State limits how low gas prices can go

The Q: More

Oil prices pull back as U.S. demand eases

Oil prices ended lower yesterday, pulling back from the previous day's rally as disappointing data on the U.S. economy signaled further cutbacks in energy demand for the world's thirstiest consumer. More

As gas prices soar, traffic deaths slow

Rising prices at the gas pump appear to be having at least one positive effect: Traffic deaths around the country are plummeting, just as they did during the Arab oil embargo more than three decades ago. More

Big Oil big on dividends and buybacks

Giant oil companies such as Exxon Mobil and ConocoPhillips are set to report what will probably be another round of eye-popping quarterly profits. Which raises the question: Just where is all that money going? More

Pump price edges down

Prices at the pump pulled back from record highs yesterday as another slide in the price of oil capped crude's biggest one-week drop in more than three years. More

Oil falls $15 on 3-day decline

Oil prices fell below $130 a barrel for the first time in more than a month yesterday, as a dramatic slide entered a third day along with a sharp sell-off in natural gas. More

Oil prices fall again, down $10 in 2-day erratic sell-off

Oil prices settled sharply lower for the second day in a row yesterday, leaving crude more than $10 cheaper in just two days of frenzied trading and prompting speculation that the hard-charging market may be running out of steam. More

Oil plunges 4.4% after volatile trading

Oil prices fell harder than they have in 17 years yesterday, as fears that record fuel prices are spreading broad economic pain exacerbated the third big sell-off in just over a week. More

Cabbies take stand amid high gas prices

Hailing a cab in Baltimore could get more difficult this summer. More

More stares but less fuel

Gas prices may have risen steadily all year, but Steve David's 40-mile round-trip commute from Randallstown to downtown Baltimore has only been getting cheaper. More

Costs up, but most still going

Ocean City boosters have revived their 1970s slogan that half a tank will get you there. At Deep Creek Lake, a rental agency is offering a $25 gas card as an incentive to vacationers. And in the Outer Banks of North Carolina, the owner of a beachfront home is cutting the rate on a week's rental "to save you $150 to use for gas!" More