| Mar 29, 2012
The world was reinvented in the 1970s by soaring oil prices and massive transfers of national wealth. It could be again if the price of petroleum crashes -- a real possibility given the amazing estimates about the new gas and oil reserves on the North...
| Apr 2, 2012
| 4:37 PM
As the cost of gasoline closes in on four dollars a gallon, Republicans and Democrats are making energy prices an issue in their campaigns. Monday, it was 9th District Congressman Morgan Griffith, criticizing the Obama administration for an energy...
| Apr 22, 2012
| 5:55 PM
verage U.S. gasoline prices have dropped more than a nickel over the past two weeks, marking their first dip since December, according to a nationwide survey published Sunday.
A gallon of regular now costs $3.91 on average, the Lundberg Survey found....
| Apr 23, 2012
| 11:56 AM
WASHINGTON (AP)— High energy prices and an economy that has been slow to rebound are worsening Social Security’s finances, shortening the life of the trust funds that support program by three years, the government said Monday.
| Apr 25, 2012
| 10:40 AM
The cost of food around the world is rising again, due to bad weather, soaring oil costs and strong demand in Asia for imports, according to the World Bank.
Global food prices soared 8% between December and March after dipping late last year from...
| May 11, 2012
| 8:32 AM
Falling energy and gas prices helped keep inflation in check last month and also pushed consumer confidence to a four-year high, according to two reports Friday.
The good news helped mitigate a stock market slump earlier in the day after investors...
| Oct 17, 2012
| 4:56 AM
WASHINGTON (AP) — In the rough-and-tumble of a town hall-style presidential debate, the facts took something of a beating Tuesday night.
Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S....
| Oct 24, 2012
| 5:13 AM
NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on...
| May 19, 2012
| 11:24 AM
CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their readiness to tap into emergency oil stockpiles quickly this summer if tougher new sanctions on Tehran threaten to...
| May 30, 2012
| 9:01 AM
The price of oil dropped below $88 a barrel Wednesday, hitting a seven-month low, as fiscal worries in Europesparked a broad sell-off across markets.
In New York, oil prices sank as low as $87.49 a barrel, before rebounding slightly to trade around $88....
| Jun 10, 2012
| 6:40 PM
The average price of gasoline has dropped 16 cents a gallon over the past few weeks, and could fall a bit further in the coming weeks, the publisher of a new survey said Sunday.
A gallon of regular costs $3.62 on average across the country, according...