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Higher Gas Prices Drive Uptick in Public Transit Ridership

Higher Gas Prices Drive Uptick in Public Transit Ridership

iStockphoto/Thinkstock(WASHINGTON) — Higher gas prices have driven a growing number of Americans out of their cars.USA Today reports that mass transit ridership has risen to record levels in some cities, from Boston to Dayton, Ohio, to San Diego. In I…

Lower Gas Prices Driving More to Travel on Memorial Day

Lower Gas Prices Driving More to Travel on Memorial Day

Jupiterimages/Thinkstock(NEW YORK) — Summer unofficially kicks off this weekend and millions plan to hit the road for Memorial Day.The automobile group AAA expects that nearly 35 million Americans will travel 50 miles from home for the holiday weekend…

High Gas Prices Driving Buyers Toward More Fuel Efficient Cars

High Gas Prices Driving Buyers Toward More Fuel Efficient Cars

Jupiterimages/Thinkstock(YONKERS, N.Y.) — High gas prices are dictating how car buyers go about purchasing their next vehicle.A new survey from Consumer Reports found that 37 percent of consumers would make fuel economy their top priority when shoppin…

Gas Prices Drop to National Average of $3.71 Per Gallon

Gas Prices Drop to National Average of $3.71 Per Gallon

KAREN BLEIER/AFP/Getty Images(NEW YORK) — Gas prices are down again this week to about $3.71 for a gallon of regular unleaded, four cents less than last week’s national average, the U.S. Department of Energy reported Monday.Concerns about the gl…

Oil Producers in for a ‘Crude’ Awakening

Oil Producers in for a ‘Crude’ Awakening

Comstock Images/Thinkstock(NEW YORK) — Oil prices keep coming down.  Since the start of the month, the price of crude oil has dropped daily, falling to $96 a barrel Tuesday.
Analysts say it has to do with fears that the global economy is weakenin…

US Stock Markets End the Day Mixed; Gas Prices Lower

US Stock Markets End the Day Mixed; Gas Prices Lower

Hemera/Thinkstock(NEW YORK) — It certainly wasn’t a stellar day on Wall Street, but the reaction to elections in Europe was rather muted. The Dow closed down 29.74 points, while the S&P and NASDAQ ended the day up slightly. Market …

Gas Price Average Lower

Gas Price Average Lower

Comstock Images/Thinkstock(WASHINGTON) — The average price of a gallon of regular gas is $3.87, down a nickel from a week ago and down nearly a penny from a year ago, according to the Department of Energy.So it now costs less than it did a year ago to…

Obama Seeks $52M, New Regs to Fight Oil Manipulation

Obama Seeks $52M, New Regs to Fight Oil Manipulation

Official White House Photo by Samantha Appleton(WASHINGTON) — President Obama is asking Congress for $52 million in new federal funding to boost oversight of oil markets, increase penalties for price manipulators, and raise margin requirements to redu…

Gas Prices Decline for Second Week

Gas Prices Decline for Second Week

Kevork Djansezian/Getty Images(WASHINGTON) — Gas prices have shown signs of leveling off in the last two weeks, with the average price of gas down for the second week in a row.The average price of a gallon of regular gas is $3.92, down nearly two cent…

Have Gas Prices Hit Their Spring Peak?

Have Gas Prices Hit Their Spring Peak?

Jupiterimages/Thinkstock(NEW YORK) — American motorists aren’t out of the woods just yet, but something is happening that’s putting less strain on consumers’ pockets books.It appears that rising gasoline prices, which were turning into a major electio…

High Gas Prices: Should You Blame Your Bank?

High Gas Prices: Should You Blame Your Bank?

iStockphoto/Thinkstock(NEW YORK) — Should you blame your bank for high gas prices? A new report out Tuesday says it’s not just supply and demand and Middle East politics that determine the price of a barrel of crude; Visa and MasterCard and the …

Glitch Results in $1 Gas in Texas

Glitch Results in $1 Gas in Texas

Jupiterimages/Thinkstock(HOUSTON) — The average price of gas in Texas is $3.83 per gallon according to GasBuddy.com, but some lucky drivers in Pasadena, Texas, only had to pay a dollar.Monday night a computer problem at the Conoco station resulted in …

Poll: High Gas Prices Not as Much of a Hardship as 2008

Poll: High Gas Prices Not as Much of a Hardship as 2008

Kevork Djansezian/Getty Images(NEW YORK) — Outside of Big Oil, no one is happy with the high cost of gasoline, but Americans seem to be coping with it better than during past fuel price spikes, according to a new ABC News/Washington Post poll.With gas…

Pump Prices and Politics: Rising Gas Prices Take Less of a Toll, Poll Says

Pump Prices and Politics: Rising Gas Prices Take Less of a Toll, Poll Says

Jupiterimages/Thinkstock(WASHINGTON) — With gasoline nudging $4.00 a gallon, a new ABC News/Washington Post poll finds that the price at the pump is taking a toll on Americans’ pocketbooks — but so far with less pain and fewer political recrimi…

Gas Price Average Settles Slightly Lower

Gas Price Average Settles Slightly Lower

iStockphoto/Thinkstock(NEW YORK) — Gas prices have taken a breather from their steady climb since January of this year.The average price of a gallon of regular gas is $3.939, down two-tenths of a penny from a week ago and up 15 cents from a year ago, …

Biden Blames High Gas Prices on Litany of Foreign Factors

Biden Blames High Gas Prices on Litany of Foreign Factors

Joe Raedle/Getty Images(NORFOLK, Va.) — Vice President Joe Biden promised students at a Virginia high school a quick explanation for why U.S. gas prices are high and still rising, but then went on for 11 minutes, delving into the complexities of the o…

Small Losses for Stocks; Gas Average Stalls

Small Losses for Stocks; Gas Average Stalls

Hemera/Thinkstock(NEW YORK) — Stocks fell Tuesday on a dim report from the Federal Reserve.  The Dow fell 66 points, while the Nasdaq and the S&P both lost six points.Grim news in the minutes from the Central Bank’s March meeting shows that p…

Obama Ad Attacks Romney as Pawn of Big Oil

Obama Ad Attacks Romney as Pawn of Big Oil

Kevin Lamarque-Pool/Getty Images(WASHINGTON) — President Obama’s re-election campaign is joining an escalating air war over gas prices and oil subsidies with a new TV ad in several states attacking Mitt Romney as a defender of “Big Oil.&rd…

Average Gas Price Reaches Highest-Ever Mark for April

Average Gas Price Reaches Highest-Ever Mark for April

Kevork Djansezian/Getty Images(WASHINGTON) — Gas prices are up, but at a slower rate than recent weeks.The average price of a gallon of regular gas is now $3.94, up 2 cents from a week ago and 26 cents from a year ago, according to the Department of E…

Gas Prices Spark TV Ad War Over Obama

Gas Prices Spark TV Ad War Over Obama

Priorities USA Action(WASHINGTON) — The super PAC backing President Obama has joined an intensifying battleground state skirmish over high gas prices and oil company subsidies.A new TV ad by Priorities USA Action links Mitt Romney to the U.S. oil indu…

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