Americans are earning and spending more, but a lot of the extra money is going down their gas tanks. Gas prices have drained more than half the extra cash Americans are getting this year from a cut in Social Security taxes. Unlike some other kinds of spending, paying more for gas doesn’t help the economy [...]
John Ryder from AAA Mid-Atlantic provides gas saving tips from less speeding to buying a hybrid.
“Mad Money’s” Jim Cramer believes the sheer volume of oil in the world may keep gas prices from raising to $4 per gallon.
Rising fuel costs for businesses have a ripple effect across the economy, and eventually could get passed on to the customer.
As gas prices hit an average $3.51 a gallon nationwide on Monday, automakers and dealers are starting to see an uptick in sales of their most-fuel-efficient vehicles, including hybrids and electrics. Toyota’s Prius, which has a commanding lead in market share among hybrids, saw a 69.9% sales increase in February compared with February last year, [...]
The Obama administration may consider tapping into U.S. oil reserves amid worries that crude prices topping $104 a barrel on Mideast-North Africa tensions could damage the U.S. economic recovery, White House Chief of Staff Bill Daley said Sunday. “We are trying to look at all the options,” Daley said on NBC’s “Meet the Press.” Daley [...]
Gas prices have skyrocketed, but don’t pay more than you have to. Check out these resources to find the best price. GasBuddy.com GasBuddy.com’s Price Map MSN’s Gas Price Finder GasPricewatch.com AAA’s Daily Fuel Guage Report
There’s perhaps never been a more precarious time for gasoline prices. If the growing Middle East violence spreads to Saudi Arabia or another big oil producer, gas prices will quickly surpass $4 and maybe even $5 a gallon. So long as oil supplies from the Persian Gulf remain relatively undisrupted — and most analysts think [...]
Gas prices are up nearly 6 cents this week and analysts say this is just the beginning, as oil prices soar on political strife in North Africa and the Middle East. “We’ve got another 10 to 15 cents of catching up to do in the next few days,” said Tom Kloza, chief oil analyst at [...]
The price of oil is poised for another run at $100 a barrel after a global economic rebound sent it surging 34 percent since May. That could push gasoline prices to $4 a gallon by summer in some parts of the country, experts say. Flying, shipping a package and ordering a pizza all likely would [...]
