$2 gas is gone — prices have climbed for 5 weeks in a row
But crude prices are still very low. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles, have all cut worldwide demand for crude. An increase in…
Tag: crude
$2 gas is gone — prices have climbed for 5 weeks in a row
But crude prices are still very low. Weakening economies in Europe and Asia, as well as more fuel efficient vehicles, have all cut worldwide demand for crude. An increase in…
Halliburton to Lay Off 7% of Its Work Force
HOUSTON — Halliburton announced on Tuesday plans to lay off about 7 percent of its work force, or 5,200 to 6,400 workers, in response to plummeting oil prices. Halliburton and…
Train Carrying Fuel Derails, Catches Fire In Iowa
(Updates with number of train cars on fire) Feb 4 (Reuters) – Eleven railway cars carrying ethanol fuel derailed on Wednesday in a remote location north of Dubuque, Iowa, and…
Strategic Petroleum Reserve Fast Facts
It provides a back-up supply of crude oil if the commercial oil supply is disrupted. The crude oil is stored in underground salt caverns in a government complex along the…
Bottom In Sight For U.S. Gas Prices: Survey
By Luc Cohen NEW YORK, Jan 25 (Reuters) – The average price of a gallon of gasoline in the United States fell 13.3 cents in the past two weeks, falling…