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Obama Says New Task Force Will Examine Gas Prices

LOS ANGELES -- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon. "We are going to make sure that no one is taking...

Gas Prices Top $4 in Nation's Capital, 5 States

NEW YORK -- Drivers in Washington, D.C., on Saturday joined motorists in five states who are paying more than $4 per gallon for gasoline. The average price for gas in New York could top $4 by early next week. Hawaii, Alaska, California, Illinois and Connecticut already have pump prices above that mark, according to AAA's...

Rising Oil Prices Beginning to Hurt US Economy

WASHINGTON - Just when companies have finally stepped up hiring, rising oil prices are threatening to halt the U.S. economy's gains. Some economists are scaling back their estimates for growth this year, in part because flat wages have left households struggling to pay higher gasoline prices. Oil has topped $108 a...

Opinion: Why Aren't Environmentalists Cheering Higher Gas Prices?

As gasoline prices continue to rise faster than station owners can update their signs, so too have calls to do something about the problem. Some Democrats are calling on President Barack Obama to uncork the Strategic Petroleum Reserve to help ameliorate the pain at the pump. Republicans are renewing calls for more domestic...

Opinion: We Can't Drill Our Way Out of High Gas Prices

As the price of oil soars above $100 a barrel, Americans are experiencing sticker shock at the pump and economists are concerned about our fledgling economic recovery. Solutions exist that can get us off the oil market roller coaster, but they won't be found in more domestic oil fields. No matter how vocal the drilling...

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THE HUFFINGTON POST - BUSINESS

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06/03/12 The diesel dilemma Source: Hindu Business Line Retail prices of diesel have to be hiked by Rs 15.35 per litre if oil refiners are to break even on sales of the fuel.
06/03/12 New oil price cut set today Source: Manila Standard Today Posted June 4th, 2012 by Alena Mae S. Flores & filed under Main Stories.
06/03/12 Gas station of the future opens Source: Manila Standard Today Posted June 4th, 2012 by Bloomberg & filed under Main Stories.
06/03/12 CPC cuts prices by NT$0.2 Source: Taipei Times State-run oil refiner CPC Corp, Taiwan (CPC, ) yesterday said it would cut gasoline and diesel prices by NT$0.2 per liter, or about 0.6 percent, effective today.
06/03/12 But for Govt aid, we would have made losses, say oil... Source: Hindu Business Line Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation â said that had it not been for the Government and 'upstream' assistance, they would have reported a combined loss of Rs 1,32,000 crore.