Cars
For the first time in more than a year, the price of a barrel of oil slipped on Thursday, October 16, 2008, below $70 US. In New York, crude oil features for November fell as much as 8 percent or to put that in dollars, $5.97, to $68.57 a barrel before closing at $69.85. Oil prices have been rapidly declining since spiking at an alarming $147 a barrel in July, 2008, when there were widespread fears that prices could go over $200 a barrel.
- Rising Gas Prices Might Affect Large Suv Sales And Trade-in Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and...
- British Pm Tells Energy Giants To Cut Gas Prices After Bp's Record £70m-a-day Profits
Not that it comes to a surprise considering the fact that global oil prices hit a new peak at $147 a barrel in July but oil giant BP announced record profits for the third quarter of 2008 of £6.4 billion or about $10.5 billion - a whopping 148% above...
- Oil Prices Jump To $130 A Barrel And Then Dip Back Down
What a market; after oil prices spiked more than $25 to $130 a barrel on Monday, September 22, creating an all-time record for the biggest one-day price hike ever, light, sweet crude slipped on Tuesday, September 23, to below $108 a barrel. Analysts suggest...
- Average U.s. Gas Prices Hit Record $3.50 A Gallon
Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday,...
- Usd Goes Up, Oil Goes Down: Barrel Drops Under $100
Normally this wouldn’t be an event to celebrate, but given that oil surged to a record near $112 a barrel last week, but the fact that today (Tuesday March 25, 2008), light sweet crude for May delivery fell $1.51 to $99.35 a barrel on the New York...
Cars
Oil Falls Below $70 a Barrel: Have Gas Prices Gone Down in Your Country?
For the first time in more than a year, the price of a barrel of oil slipped on Thursday, October 16, 2008, below $70 US. In New York, crude oil features for November fell as much as 8 percent or to put that in dollars, $5.97, to $68.57 a barrel before closing at $69.85. Oil prices have been rapidly declining since spiking at an alarming $147 a barrel in July, 2008, when there were widespread fears that prices could go over $200 a barrel.However, it seems that the economic downturn on both sides of the Atlantic has evidently put the brakes on the 'oil-rally'. Our question to our international readership (sic..) is whether or not you've seen prices going significantly down at the petrol pump, and if so, how much do you pay now? Have your say in the comment section.
- Rising Gas Prices Might Affect Large Suv Sales And Trade-in Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and...
- British Pm Tells Energy Giants To Cut Gas Prices After Bp's Record £70m-a-day Profits
Not that it comes to a surprise considering the fact that global oil prices hit a new peak at $147 a barrel in July but oil giant BP announced record profits for the third quarter of 2008 of £6.4 billion or about $10.5 billion - a whopping 148% above...
- Oil Prices Jump To $130 A Barrel And Then Dip Back Down
What a market; after oil prices spiked more than $25 to $130 a barrel on Monday, September 22, creating an all-time record for the biggest one-day price hike ever, light, sweet crude slipped on Tuesday, September 23, to below $108 a barrel. Analysts suggest...
- Average U.s. Gas Prices Hit Record $3.50 A Gallon
Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday,...
- Usd Goes Up, Oil Goes Down: Barrel Drops Under $100
Normally this wouldn’t be an event to celebrate, but given that oil surged to a record near $112 a barrel last week, but the fact that today (Tuesday March 25, 2008), light sweet crude for May delivery fell $1.51 to $99.35 a barrel on the New York...