Good news! The average price of gasoline is down from this time last year. The recent decline in pump prices has cut Americans’ overall gasoline bill by about $154 million a day, compared to a year ago.
PRICES AT THE PUMP: http://cnb.cx/ZyfFCF
Posted by cnbcExxon Will Stay Robust Despite Downturn
Exxon Mobil will continue to be robust and will maintain record levels of investment, valued at $27 billion in 2011, in the next couple of years despite the downturn in global oil demand and fluctuations in prices, Rex Tillerson, CEO of Exxon Mobil, told CNBC on Tuesday.
Photo: Getty Images
Source: cnbc.com
Posted by cnbcUS Denies Report It Will Ask UK to Release Oil Reserves
U.S. officials have described as “inaccurate” a report that the White House plans to ask the United Kingdom to join it in a bilateral release of the two nations’ strategic oil reserves, according to multiple news outlets.
Source: cnbc.com
Posted by cnbcPain at the Pump, Why Do Gas Prices Vary Around the US?
Retail gasoline prices in the US have skyrocketed over 13 percent — more than 40 cents — so far this year, as the price of crude oil has surged to the highest level since last May.
Source: cnbc.com
Posted by cnbcOil Risk Premium Rising on Iran Concerns
The risk premium due to Iran could be contributing as much as $15 to $20 a barrel to global oil prices, according to some analysts and traders.
Source: cnbc.com
Posted by cnbcGasoline Price Spike Has Temporary Offset
How much rising gasoline prices will pinch consumers has yet to be seen, but energy savings from the warm winter may have already helped consumers avoid some of the pain.
Photo: Getty Images
Source: cnbc.com
Posted by cnbcGet Ready for $5 Gas This Year
Get ready to pay $5 a gallon for gasoline this year says, ex-Shell CEO.
Source: cnbc.com
Posted by cnbcOil to Continue Rise Above $100 on Iran Fears: Survey
Benchmark crude oil prices will likely continue moving above $100 a barrel as an embargo on Iranian oil exports widens and fears mount that oil shipments may be disrupted from the Persian Gulf as a ‘war of words’ escalates between Tehran and the U.S., CNBC’s weekly survey showed.
Photo: AP
Source: cnbc.com
Posted by cnbcThe $30 Billion Problem DC Is Not Discussing
In 2011, we learned (again) that global events that we cannot control can shake the oil markets, send prices higher and steal money from your wallet.
Source: cnbc.com
Posted by cnbcWhy Sanctions Against Iran Might Sting More This Time
Pending sanctions against Iran are designed to cause swifter economic pain than past penalties, and Iran is ramping up rhetoric in response.
Photo: Source: Pascal | English Wikipedia
Source: cnbc.com
Posted by cnbc
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