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Gasoline News
Obama seeks end to tax breaks for oil industry Oil companies posted sharply higher first-quarter earnings this week. US president Barack Obama on Saturday kept up pressure on the Congress to end tax breaks for oil and gas companies, saying they were enjoying huge profits, as he sought to limit political fallout from the rising gasoline prices. With public anger over costs at the pump hitting Obama’s popularity as he revs up his 2012 re-election
Oil settles above $111 per barrel
Oil climbed above $111 per barrel Wednesday as the dollar weakened and the government reported an unexpected drop in U.S. crude supplies.
Average US gasoline price jumps to $3.76 a gallon
The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 per cent below its all-time high, a widely
Oil settles higher, near $109
$109 a barrel at one point, as the dollar weakened against major foreign currencies. Here's how energy prices traded.
Oil settles above $106 a barrel
30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya. Here's how energy contracts traded. |
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