Oil Drops $5 to Below $95 a Barrel
Oil fell more than $5 on Wednesday — down from a $100-plus per-barrel closing price on Tuesday — after OPEC said it would lift its production ceiling and a government report showed gasoline and diesel inventories rose last week.
December 14, 2011Gasoline Price Update: Price Drops 0.4¢ to $3.286
The Department of Energy has altered its weekly gasoline price average to $3.286 a gallon, a 0.4-cent weekly decline, from a previously announced 1.6-cent decline.
December 14, 2011Diesel Drops 3.7¢ to $3.894 in Third Decline
Diesel’s national average pump price fell 3.7 cents to $3.894 a gallon, its third straight downturn, while gasoline also declined, the Department of Energy said.
December 14, 2011Oil Falls to Two-Week Low
Oil fell to near $98 a barrel in early trading Monday on the New York Mercantile Exchange, a two-week low, Bloomberg reported.
December 12, 2011Diesel Declines 3.3¢ to $3.931; U.S. Exports of Fuel Grow
U.S. diesel prices declined for a second straight week, while gasoline declined for a third consecutive week, according to the Department of Energy.
December 12, 2011U.S. Trade Deficit Narrows in October
The U.S. trade deficit narrowed by 1.6% in October, shrinking to its lowest level of the year, the Commerce Department said Friday.
December 9, 2011Diesel to Average $3.85 Into Next Year, DOE Says
Diesel will average $3.85 a gallon this year and in 2012, the Department of Energy said, boosting a previous price forecast.
December 8, 2011Oil Holds Over $100 a Barrel as Inventories Rise
Oil held over $100 a barrel for a sixth trading day Wednesday as inventories rose last week, Bloomberg reported.
December 7, 2011Diesel Declines for Second Week, Falling 3.3¢ to $3.931 a Gallon
Diesel fell for a second straight week, declining 3.3 cents to $3.931 a gallon, while gasoline fell for a third week, the Department of Energy reported.
December 6, 2011Gasoline Falls 9¢ in Two Weeks to $3.29, Lundberg Says
Gasoline’s national average price dropped 9 cents in the past two weeks to an average $3.29 a gallon, according to the latest Lundberg Survey of filling stations released Sunday.
December 5, 2011