December 1, 2009 |
Oil prices rose modestly Monday, but not as high as some analysts had expected amid reports of piracy and other trouble at sea that could have threatened deliveries. Crude oil futures for January delivery climbed $1.23, or 1.6%, to $77.28 a barrel on the New York Mercantile Exchange. Retail gasoline prices fell, on average, by 1.9 cents to $2.921 a gallon in California and by a penny to $2.629 nationally. Through last week, U.S. crude supplies were on the rise and running 17 million barrels ahead of last year at 337.8 million barrels, the Energy Department said.
January 18, 2006 |
California's average gasoline price jumped nearly 9 cents a gallon in the last week, a federal survey showed Tuesday, continuing a surge that threatens to keep prices high into the peak summer driving season. In New York, crude oil and gasoline futures soared on political tensions in Iran and Nigeria as well as a major outage at a U.S. refinery. Light, sweet crude for February delivery rose $2.39, or 3.7%, to $66.
May 11, 2010 |
Pump prices have risen slightly in California and most of the nation, the Energy Department said Monday, and crude oil futures regained some of the ground they lost last week as the U.S. dollar lost value relative to other major world currencies. The average price of a gallon of regular gasoline in California climbed 2.1 cents to $3.139, according to the Energy Department's weekly survey of filling stations. The U.S. average rose seven-tenths of a penny to $2.905 a gallon. Prices rose everywhere except the Midwest and New England regions.
June 4, 2012 |
U.S. oil prices fell as low as low as $81.21 a barrel Monday -- the weakest level since Oct. 6, 2011 -- as evidence of a slowdown in the Chinese economy last month added to fears of a sputtering global recovery. Crude oil prices later recovered to $83.08 a barrel on the New York Mercantile Exchange, but were still down 15 cents so far from their previous closing price. In London, oil prices on the ICE Futures Europe Exchange were down $1.07 cents to $97.37 a barrel. The biggest reason for another down day so far, analysts said, was China's non-manufacturing purchasing managers index, which fell last month and suggested another slowdown in economic activity, said Phil Flynn, senior market analyst for Price Futures Group Inc. in Chicago.
July 21, 2009 |
The average retail price of gasoline fell about 5 cents a gallon in California and nearly 7 cents nationwide over the last week, the Energy Department said Monday, as prices continued to recede from the highs of the year set June 22. The average cost of a gallon of regular gasoline statewide dropped to $2.829, down 5.1 cents for the week and 17.6 cents since June 22, according to the Energy Department's weekly survey of filling stations. The U.S. average declined 6.5 cents to $2.
November 29, 2011 |
Pump prices continued to fall in California and the rest of the nation, but they remained at record levels for the end of November. The average price of a gallon of regular gasoline in California fell 6.8 cents over the last week to $3.718, according to the Energy Department's weekly survey. That was 56.6 cents higher than the year-earlier per-gallon average and 32 cents higher than the old record for this time of year, which was set in 2007. Nationally, the average price of a gallon of regular gasoline declined 6.1 cents to $3.307.
June 1, 2011 |
Gas prices fell again in the last week, the Energy Department said, but fuel costs are still higher for this time of year than at any time since 2008. In California, the average price of a gallon of regular gasoline fell 6.5 cents to $4.056 a gallon, according to the Energy Department's weekly telephone survey of services stations around the U.S. That was still $1.032 more than a year earlier and the highest price for this time of year since the $4.242 a gallon recorded June 2, 2008.
July 20, 2010 |
Beleaguered petroleum giant BP agreed Tuesday to sell oil and natural gas fields in the United States and other countries to rival Apache Corp. for $7 billion in its biggest move yet to raise money to pay reparations for the Gulf of Mexico oil spill. The company announced plans to sell its Permian Basin fields in Texas and New Mexico — acquired as part of the purchase of Los Angeles-based Arco in 2000 — as well as properties in Canada and Egypt. Apache was said to be interested in BP's Alaskan assets, but they weren't part of the deal.
October 8, 2012 |
Analysts said that the record-breaking climb of California gasoline prices could end as early as today, if the state manages to avoid any new refinery problems. Analysts said the price jump was already slowing down even as Gov. Jerry Brown decided Sunday to ease the state's gas-blend requirements to allow refiners to process the less expensive winter blend of fuel three weeks early. Today, the average price of a gallon of regular gasoline in California is up just 1.3 cents overnight, to $4.668 a gallon, according to the AAA Fuel Gauge Report.
October 25, 2011 |
The new normal for gasoline prices continues to plague American consumers. Over the last week, the average price of a gallon of regular gasoline in the U.S. stabilized, down 1.4 cents to $3.462 a gallon after jumping nearly 6 cents a gallon the previous week, according to the Energy Department's weekly survey of service stations. But that's 22.6% higher than the old record for this week of the year, which was an average of $2.823 a gallon set in 2007. For the same week in 2010, the U.S. average was $2.817.