Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.
Although it was a painful summer for most drivers, it could have been worse had Americans not cut back on their gasoline consumption. Now, as summer ends and gasoline prices fall, drivers may be tempted to resume their gas guzzling habits.
Gasoline prices extended their decline for the fourth consecutive day, according to a nationwide survey of gas station credit card swipes, even in the hurricane ravaged states along the Gulf of Mexico.
Falling gasoline prices were not enough to revive sales of SUVs and pickups in August as major automakers all reported a sharp fall in sales once again. And Ford Motor warned it sees even tougher times ahead.
In the aftermath of Hurricane Gustav, energy analysts say that the fate of gas prices in coming days could hinge on possible damage to the area's dozens of refineries that turn crude into gasoline.
As officials evacuated New Orleans, the oil industry shut down rigs and pulled back personnel as Hurricane Gustav bore down on the Gulf Coast over the Labor Day holiday weekend.
Gas prices continue to rise in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship and residents flee their homes ahead of Hurricane Gustav.
Gas prices zoomed higher in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship ahead of Hurricane Gustav which became a category 4 storm on Saturday.
The Gulf of Mexico is home to 4,000 drilling platforms and 33,000 miles of pipeline, which send 1.3 million barrels a day to the Gulf Coast's 56 refineries. But a hurricane threatens to deal a powerful blow to the oil-rich region.
Gasoline prices eased for the fifth straight day, even as Tropical Storm Hanna bears down on the Carolinas, according to a nationwide survey of gas station credit card swipes.
Although it was a painful summer for most drivers, it could have been worse had Americans not cut back on their gasoline consumption. Now, as summer ends and gasoline prices fall, drivers may be tempted to resume their gas guzzling habits.
Gasoline prices extended their decline for the fourth consecutive day, according to a nationwide survey of gas station credit card swipes, even in the hurricane ravaged states along the Gulf of Mexico.
Falling gasoline prices were not enough to revive sales of SUVs and pickups in August as major automakers all reported a sharp fall in sales once again. And Ford Motor warned it sees even tougher times ahead.
In the aftermath of Hurricane Gustav, energy analysts say that the fate of gas prices in coming days could hinge on possible damage to the area's dozens of refineries that turn crude into gasoline.
As officials evacuated New Orleans, the oil industry shut down rigs and pulled back personnel as Hurricane Gustav bore down on the Gulf Coast over the Labor Day holiday weekend.
Gas prices continue to rise in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship and residents flee their homes ahead of Hurricane Gustav.
Gas prices zoomed higher in states along the Gulf of Mexico as workers on offshore oil rigs abandon ship ahead of Hurricane Gustav which became a category 4 storm on Saturday.
The Gulf of Mexico is home to 4,000 drilling platforms and 33,000 miles of pipeline, which send 1.3 million barrels a day to the Gulf Coast's 56 refineries. But a hurricane threatens to deal a powerful blow to the oil-rich region.
With gas prices still near record highs, the overall economy in a slump and continued trouble in the credit markets, just about everybody expects August vehicle sales to be down significantly from a year ago.
Gas prices continued their slide, falling 11% from highs reached in July, according to a national survey of gas station credit card swipes released Thursday.
Gasoline prices fell yet again, bringing the total decline to 44.7 cents a gallon since July, according to a national survey of gas station credit card swipes.
Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production
Gasoline prices fell slightly Tuesday, bringing the total decline in the nationwide average to more than 10% since mid-July, according to a daily survey of gas station credit card swipes.
Retail gas prices fell overnight Monday, bringing the nationwide average down a total of 43 cents from last month's all-time high, according to a survey of gas station credit card swipes.
Gasoline prices fell below $3.70 a gallon on average across the nation, with only two states - Alaska and Hawaii - averaging above $4, according to a survey of gas station credit card swipes Friday.
Gasoline prices have fallen nearly 40 cents a gallon from their record highs after 34 straight days of declines, according to a daily survey released Wednesday.
The price of retail gasoline fell for the 33rd consecutive day, according to a daily survey of gas station credit card swipes on Tuesday, which brought the national average down more than 9% from a record high hit last month.
Gas prices are expected to keep up their record rise this spring, soaring well past $4 a gallon in some areas. Now Congress wants to know what to do about it.
The price of retail gasoline fell for the 32nd straight day, a daily survey of gas station credit card swipes showed Monday, bringing the nationwide average down 9% from an all-time hit last month.
Prices soared in July on the back of record oil. Now, after witnessing the sharp drop in the cost of crude, Americans are hoping for relief in August. They may be sorely disappointed.
Americans drove 12.2 billion miles fewer, or 4.7% less, in June than they did during June 2007, according to a report released Wednesday from the U.S. Department of Transportation.
Retail gasoline prices fell on average almost a penny overnight, extending declines for the 24th straight day, a survey of gas station credit card swipes showed Sunday.
Democrats shaped a set of principles Saturday that commits the party to guaranteed health care for all, heading off a potentially divisive debate and edging the party closer to the position of Barack Obama's defeated rival, Hillary Rodham Clinton.
Retail gasoline prices fell more than a penny overnight, extending a downward trend for the 21st straight day, a survey of gas station credit card swipes showed Thursday.
Oil ended Wednesday at the lowest price in more than three months as investors digested a surprise jump in crude stockpiles and continued weakness in demand for gasoline.
Gasoline prices fell for the 20th straight day, pushing the nationwide average down more than 25 cents, according to a survey of gas station credit card swipes released Wednesday.
The price of regular gas fell below $3.90 a gallon as fuel prices fell for the 15th day in a row, a daily survey of gas station credit card swipes showed Friday.
Fuel prices fell for the 14th straight day, with gasoline approaching $3.90 a gallon, a daily survey of gas station credit card swipes showed Thursday.
Regular gas prices at the pump, along with diesel and ethanol, have declined for the 13th straight day, a daily survey of filling station credit card swipes showed Wednesday.
The nationwide average for a gallon of regular gas has declined for the 12th straight day, a daily survey of filling station credit card swipes showed Tuesday.
Gas prices declined for the 11th straight day on Monday, falling to a level not seen since May, according to a nationwide survey of filling station credit card swipes. Other fuel prices also continued to fall.
The average price of gas dropped just barely under $4 a gallon for the first time since the beginning of June, according to a national survey released Sunday.
Gas prices declined for the 9th straight day, falling below $4 a gallon for the first time in seven weeks, according to a nationwide survey Saturday by motorist group AAA.
Gas prices declined for the 8th straight day, nearing a level not seen in seven weeks, according to a nationwide survey Friday of filling station credit card swipes. Other fuel prices also continued to fall.
United Airlines parent UAL Corp. stock soared 68% Tuesday after it reported a second-quarter net loss of $2.7 billion Tuesday due to the soaring price of fuel and announced thousands of new job cuts.
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere
Thousands of layoffs, hundreds of grounded planes and 21 price increases may not have been enough to save the embattled airline industry from the damaging effects of high fuel prices.
Contentious issues have cropped up in presidential campaigns throughout America's history. Controversies from the past include slavery, isolationism, suffrage, civil rights, the prohibition of alcohol, and policies toward organized labor. The following issues are among those on the minds of voters in 2008.
Oil prices extended a post-July 4th descent Tuesday - falling more than $9 a barrel over two days - as Iran's president downplayed concerns about possible war in the Middle East and investors anticipated falling demand due to high gasoline prices.
Mikhail Glikberg remembers when he made a decent living as a taxi driver in Boston. He could work a 12-hour shift and take home up to $80 a day after expenses.
Many Americans will watch fireworks at home instead of hitting the road this July 4, according to a new poll released Wednesday, as record gasoline prices force people to make major changes in their daily lives.
Sen. John McCain, the presumptive Republican nominee for president, arrived in Tuesday in Colombia on a three-day trip that includes Mexico to talk about trade and drugs.
As Sen. John McCain prepares to promote free trade during a high-profile trip to Colombia and Mexico, a poll out Tuesday suggests the issue may be a political hurdle as the general election campaign heats up.
When Oliver Muigonade pulled his 28-foot open fisherman alongside the dock to fill up before heading for open water, the pump didn't stop until it hit nearly $800.
Retail gas prices and crude oil futures reached record highs Monday amid a backdrop of Mideast tensions and dollar concerns, but crude ended the day lower.
Fed up with record gas prices, drivers often scapegoat big oil companies for high prices at the pump, but in a recent survey, more Americans directed their scorn towards Washington lawmakers.
Gas prices have fallen for the third consecutive day this week while diesel prices have risen, according to a daily survey released Wednesday by motorist group AAA.
Retail gas prices have slipped, heading slightly lower after climbing late last week, according to a daily survey released Monday by motorist group AAA.
Gas prices have reversed course, heading moderately higher after falling for three consecutive days, according to a daily survey released Friday by motorist group AAA.
Gas prices have fallen for the third day in a row, backing further away from recent highs, according to a daily survey released Thursday by motorist group AAA.
A day after Northwest Airlines announced it was scaling back domestic flights, Delta Air Lines did the same Wednesday -- announcing a 3 percent cut for the second half of 2008.
Video
