Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
Any study that relies on a chart of Google searches for the term "oil speculation" to make the case that futures traders are responsible for yo-yoing crude prices should be greeted with a heavy dose of skepticism.
The price of gold fell Tuesday amid a broad retreat in commodities led by oil, as the damage caused by Hurricane Gustav appeared less severe than expected.
The Gulf Coast watched anxiously as Hurricane Ike trudged toward areas still cleaning up after Gustav, with disasters pre-declared in much of eastern Texas
Grocer Marc Robért II went through hell after Hurricane Katrina struck New Orleans in 2005. In the last three years, he has managed massive renovations on several of his supermarkets heavily damaged by the Katrina flood, and he fought for and won a $20 million settlement from the insurer that had refused to pay his claims.
The federal government is "working with great urgency" to restore one-third of the households in Louisiana that still have no power days after after Hurricane Gustav, the chief of Homeland Security said Friday.
Gasoline prices declined for the 70th straight day, falling below the $1.87 per gallon mark, according to a national survey of credit card swipes at gasoline stations.
Any study that relies on a chart of Google searches for the term "oil speculation" to make the case that futures traders are responsible for yo-yoing crude prices should be greeted with a heavy dose of skepticism.
The price of gold fell Tuesday amid a broad retreat in commodities led by oil, as the damage caused by Hurricane Gustav appeared less severe than expected.
The Gulf Coast watched anxiously as Hurricane Ike trudged toward areas still cleaning up after Gustav, with disasters pre-declared in much of eastern Texas
Grocer Marc Robért II went through hell after Hurricane Katrina struck New Orleans in 2005. In the last three years, he has managed massive renovations on several of his supermarkets heavily damaged by the Katrina flood, and he fought for and won a $20 million settlement from the insurer that had refused to pay his claims.
The federal government is "working with great urgency" to restore one-third of the households in Louisiana that still have no power days after after Hurricane Gustav, the chief of Homeland Security said Friday.
Three days after Hurricane Gustav came ashore on the Gulf Coast, nearly 829,000 households were still without electricity, power company officials said Thursday, warning that power may be restored slowly in the hardest-hit areas.
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.
The governor of hurricane-battered Louisiana said Wednesday that the prospect of some areas of the state being without electricity for weeks, as power company officials have warned, is unacceptable.
The words "first responder" get used a lot during disasters like Hurricane Gustav. What's not always communicated is just how wet, difficult and dangerous these jobs can be.
Buffing his administration's reputation for handling hurricanes, President Bush viewed toppled trees and downed power lines in Louisiana on Wednesday and declared that the government's response to Hurricane Gustav was "excellent"
Gasoline prices continued to fall , according to a nationwide survey of gas station credit card swipes, even after Hurricane Gustav caused the shutdown of more than a dozen Louisiana refineries in the past several days.
New Orleans residents can begin returning to their homes on Thursday, Mayor Ray Nagin said Tuesday night, but he urged them to be aware of the hardships they will face.
Power outages caused by Hurricane Gustav brought down cellular and Internet service in parts of Louisiana, but its impact was much milder than that of Katrina
Hurricane Gustav may trigger insurance claims as high as $10 billion including damage to oil facilities, according to risk management firms that issued preliminary estimates a day after the storm struck Louisiana
Oil prices plunged Tuesday, falling to within sight of $100 a barrel a day after Hurricane Gustav tore through the Gulf of Mexico but appeared to spare oil and gas installations of massive damage
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.
Mayor Ray Nagin warned New Orleans evacuees scattered across the country by Hurricane Gustav they may have to wait in shelters and motels a few days longer
First lady Laura Bush appealed Monday to the nation to put aside partisan interests and donate generously to charities to help Gulf Coast residents affected by Hurricane Gustav.
Hurricane Gustav slammed into the heart of Louisiana's fishing and oil industry with 110 mph winds Monday, delivering only a glancing blow to New Orleans
Mississippi's Gulf Coast, which sustained major damage three years ago in Hurricane Katrina, fared better Monday as Hurricane Gustav slipped west, giving Louisiana the brunt of its powerful east side.
As Hurricane Gustav neared Louisiana's coast Monday morning, forecasters warned that the storm could stall over Louisiana and northeast Texas for several days, which would "exacerbate the threat of heavy rains and inland flooding."
Hurricane Gustav has shut down nearly all crude oil production and 82% of natural gas production in the Gulf region, according to a Department of Energy report issued Monday.
Hurricane Gustav slammed into the Gulf coast Monday morning, but oil prices fell as the world market expected that the storm's impact on the energy infrastructure would not be as serious as previously believed.f
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.
Ronald "Jug" Dufrene sent his family away over the weekend, but he is riding out Hurricane Gustav on his shrimp boat docked 20 miles south of New Orleans in Lafitte, Louisiana.
Oil prices rose Monday in Asia to above $116 a barrel on expectations Hurricane Gustav will damage drilling and refining operations as it approaches the Louisiana coast.
Television networks rapidly shifted focus and personnel away from the Republican national convention to Gulf Coast communities in the path of Hurricane Gustav on Sunday
Hurricane Gustav churned into the Gulf of Mexico on Saturday night, still an "extremely dangerous" Category 4 storm threatening to blast the same region devastated by Hurricane Katrina three years ago.
Officials with the McCain campaign and the Republican National convention are considering changing the event's agenda as Hurricane Gustav bears down on the Gulf Coast.
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.
Officials in some Gulf Coast states spent the third anniversary of Hurricane Katrina on Friday gearing up for what could be the biggest threat to the region since Katrina hit in 2005.
Stocks slumped Friday at the end of an upbeat August as Dell's earnings miss, a big drop in personal income and worries about the threat of Hurricane Gustav rattled investors ahead of a long weekend.
Despite Hurricane Gustav's threat to infrastructure in the Gulf of Mexico, oil prices fell from an earlier rally Friday as the dollar gained traction against the euro.
All eyes are on Tropical Storm Gustav as it heads toward the Gulf. If you're planning on traveling during this hurricane season, here's what you need to know.
Police with bullhorns plan to go street to street this weekend with a tough message about getting out ahead of Hurricane Gustav: This time there will be no shelter of last resort
Stocks jumped Thursday, with the Dow and S&P 500 rising for the third straight session thanks to lower oil prices, a surprisingly strong reading on second-quarter economic growth, and a rally in the financial sector.
Stock futures pointed to a strong open on Thursday after the government reported that the second-quarter GDP surged to a surprising annual rate of 3.3%.
Stocks rallied Wednesday, with financial services companies among the big gainers, as investors shrugged off higher oil prices and instead focused on a surprisingly strong reading on durable goods orders.
The dollar traded mixed against foreign currencies Wednesday as investors weighed rising oil prices with the possibility that inflation is coming under control.
Hurricane Gustav weakened to a tropical storm as it aimed for Caribbean waters Tuesday evening after crossing onto Haiti's southern peninsula as a Category 1 storm that killed at least one person.
Oil prices pushed higher Tuesday as Hurricane Gustav threatened the oil infrastructure in the Gulf of Mexico, but gains were tempered by a stronger U.S. dollar.
Oil prices swung higher Tuesday as Hurricane Gustav developed south of Haiti, raising concerns that the storm could slam into major oil operations in the Gulf of Mexico
Tropical Storm Gustav continued on its path toward Haiti and the central Caribbean on Monday and threatened to reach hurricane strength before landfall, the National Hurricane Center said.
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