Latest Gallon Stories

Crude oil futures remained above $67 a barrel Friday, posting a 39-cent gain to $67.35 in early trading on the New York Mercantile Exchange. Oil prices slid on Asian markets. Natural gas futures rose 0.03 cent at $3.58 per 1,000 cubic feet. Heating oil was up almost a penny a gallon at $1.77 and August reformulated blendstock gasoline was up 0.68 cent at $1.92 a gallon. The AAA said the average U.S. price for regular unleaded gasoline was $2.47 a gallon, up slightly from Thursday's $2.465....

Oil closed near $65 a barrel Tuesday as better-than-expected earnings reports raised optimism that U.S. fuel consumption would rebound. Even after U.S. Federal Reserve Chairman Ben Bernanke said the U.S. economy and financial markets were still too weak to raise interest rates, light, sweet crude for August delivery rose 74 cents, or 1.2 percent, to $64.72 a barrel on the New York Mercantile Exchange, the highest settlement since July 2. The August contract expired at the close. The...

Oil prices rose above $64 a barrel in New York Monday morning, bolstered by Asian and European stock rallies and a falling U.S. dollar. Light, sweet crude for August delivery gained $1.27, or 2 percent, to $64.83 a barrel in mid-morning trading on the New York Mercantile Exchange. The contract advanced $1.54 in Friday trading. Natural gas rose 3 cents, or 0.84 percent, to $3.7 per 1,000 cubic feet. Heating oil was up 3.92 cents, or 2.39 percent, to $1.6802 a gallon. AAA said the average U.S....

Crude oil prices jumped to more nearly $54 a barrel Thursday on the New York Mercantile Exchange on the coattails of a stronger equities market. U.S. markets surged Monday after the U.S. Treasury announced its plan to rid banks of toxic assets. Markets stalled Tuesday but made gains Wednesday and Thursday, pointing to a possible increase in demand for oil. Crude oil prices reached $53.92 per barrel, up $1.15 per barrel. Heating oil prices gained 0.0173 cents to $1.4813 per gallon....

Crude oil prices jumped to more than $54 a barrel overnight Thursday on the New York Mercantile Exchange on the coattails of a stronger equities market. U.S. markets surged Monday after the U.S. Treasury announced its plan to rid banks of toxic assets. Markets stalled Tuesday but made gains Wednesday, pointing to a possible increase in demand for oil. Crude oil prices reached $54.25 per barrel, up $1.48 per barrel. Heating oil prices gained 0.0265 cents to $1.4912 per gallon. Reformulated...

Average U.S. gas prices have risen for two straight days following 68 consecutive daily declines, the motorist group AAA reported Sunday. The national average price for a gallon of unleaded gas stood at $1.663 per gallon Saturday, up from Friday's average $1.66 per gallon, AAA's Daily Fuel Gauge Report indicated. The last time prices got that low was Feb. 23, 2004, the group said. Average gas prices have declined $2.19, or 57 percent, in the three months since pump prices began steadily...

Crude oil prices fell Tuesday to $46.96 a barrel on the New York Mercantile Exchange, plunging to a low unseen in more than three and a half years. Oil lost fell $1.79 per barrel as the market is dealing with a lot of bearish fundamentals, Andy Lebow of brokerage MF Global told The Wall Street Journal. As we approach the end of the year you're looking at questions about demand slowing globally, he said. Heating oil prices fell 0.0342 cents to $1.5832 per gallon. Reformulated blendstock...

Gasoline prices have fallen for the 67th day in a row, sinking to a U.S. average of $1.929 per gallon, a survey from automotive organization AAA indicated. The AAA data, gathered from credit card swipes, showed gas prices shed another 2.4 cents per gallon between Friday and Saturday, CNN reported. Average gas prices have fallen by $1.92 per gallon in a little over two months, and are down from a record average price of $4.11 per gallon in mid-July. CNN said the average gas price was below...

Energy commodities rose slightly Monday, with crude oil rising 0.94 cents to $62.14 a barrel, after China announced a $586 billion economic stimulus package. The announcement lifted Asian stocks Monday, especially in construction and machinery firms, which could gain from the infrastructure projects included in the plan. Heating oil prices also rose, up 0.0182 cents to $1.9992 per gallon. Reformulated blendstock gasoline rose 0.0028 cents to $1.3538 per gallon. Natural gas prices rose...

Canadian gasoline prices dropped as much as 43 cents a gallon Tuesday. Prices fell the most in Toronto, down to $102.9 a liter, or $3.89 a gallon, from Monday's $1.14 a liter, or $4.32 a gallon, the gasoline price Web site gasbuddy.com reported. In Calgary, Alberta, gasoline sold for about $1.08 a liter, or $4.09 a gallon, down from about $1.16 a liter, or $4.39 a gallon, gasbuddy.com said. Montreal gas prices were about $1.14 a liter, or $4.32 a gallon, down from about $1.21 a liter, or...