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Associated PressOil prices zoomed higher yesterday, touching a new high of $65 a barrel, with buyers focused on refinery snags, shrinking U.S. inventories of gasoline and motorists' growing thirst for fuel despite record-high costs. The latest rally - crude futures have...
Associated PressWASHINGTON - The price of oil gyrated yesterday after the federal government released data that showed a growing domestic supply of gasoline and other fuels, along with rising demand. July light sweet crude futures fell 97 cents to settle at $53.63 a...
sun reporterHurricane Rita's late shift to the east spared all but a few Texas oil refineries from significant damage, likely sparing consumers a repeat of the gasoline price shocks that occurred after Hurricane Katrina pummeled plants in Louisiana a month ago,...
Sun StaffThe end of the summer travel season traditionally brings relief at the pump - but don't expect it this year. "There seems to be no end in sight to high gasoline prices," said Ragina Averella, spokeswoman for AAA Mid-Atlantic. The average price of a...
Associated PressNEW YORK - Gasoline futures rose yesterday amid expectations that today's weekly snapshot of U.S. inventory data will show gasoline supplies at near critical levels, largely because of a shortage of production in the Gulf Coast caused by Hurricane...
Associated PressNEW YORK - Some 13 tons of gold worth an estimated $110 million and 30.2 million ounces of silver valued at $121 million are buried under the rubble at the World Trade Center, The New York Times reported yesterday. The precious metal was stored in vaults...
Associated PressIn a move that could lead to lower gasoline prices, crude oil closed below $50 a barrel for the first time in more than two months yesterday after declining by more than $5 a barrel in the past week on rising U.S. supplies and slower economic growth....
Sun StaffAs the price of crude oil approaches record highs, the impact is beginning to flow far beyond the corner gas station. It's slicing through the economy, cutting into corporate profits, raising the cost of food, airline tickets, delivery services and...
Sun National StaffNEW YORK - How close did Rachel Florio live to the World Trade Center's towers? So close that when her husband would call from his office there to say he was working late, and she would tease him that he was really out with the boys, he would flick the...
Sun StaffConsumers are finally getting a breather from the soaring cost of gas. For the first time in a month, the national average price of gasoline fell to less than $2 a gallon, according to two separate surveys. And the Lundberg Survey reported that the...
Tags: Automotive Equipment, Consumers, Parkville, Energy Saving, Iraq
From Wire ServicesWASHINGTON - Oil prices rose slightly yesterday, but finished the week down 4.5 percent because of rising U.S. supplies, slower demand and a strengthening dollar. After falling as low as $47.75 during yesterday's session, light sweet crude for June...
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