Energy News for WSLS 10

Oil shipments to strategic reserve to stop in July

Fri, 16 May 2008 16:35:01 EDT

The move came days after Congress passed legislation requiring President Bush to temporarily halt shipments into the reserve in hopes of lowering gasoline prices. The president is expected to sign the bill.

United Airlines increases fares by up to $50 round-trip to cover fuel; Continental matches

Fri, 14 Mar 2008 15:13:00 EDT

United Airlines said Friday it boosted its ticket prices by as much as much as $50 round-trip, raising the stakes in the airline industry’s battle against rapidly rising fuel costs.

Gas prices rise to new national record, driven by crude oil’s own record-breaking rally

Tue, 11 Mar 2008 15:39:00 EDT

The cost of filling up the family car climbed to a record high Tuesday, adding to the challenges consumers already face with falling home values and rising food prices.

High coal prices may cost you

Sat, 08 Mar 2008 14:07:00 EDT

Soaring costs paid by utilities to generate power could mean higher monthly electric bills

U.S. official says speculation blamed for oil price surge

Tue, 04 Mar 2008 11:16:00 EDT

A top Energy Department official says market speculation may be adding as much as $12 to the price of crude oil and that prices may not yet have peaked.

Oil jumps to a new record above $103

Mon, 03 Mar 2008 11:03:00 EDT

Oil prices surged to a new record high Monday as the dollar weakened to another low against the euro

Oil prices jump to records above $102

Thu, 28 Feb 2008 15:39:00 EDT

Crude prices extended their march into record high territory Thursday, shooting up more than $2 a barrel as a falling dollar and the prospect of lower interest rates attracted more investors to the oil market. Retail gas prices, meanwhile, rose closer to records above $3 a gallon.

White House promises likely veto if Congress passes oil taxes

Tue, 26 Feb 2008 18:42:00 EDT

If Congress passes legislation to roll back nearly $18 billion in tax breaks for large oil companies, advisers to President Bush will recommend a veto, the White House said Tuesday.

Oil jumps back above $100 per barrel

Tue, 19 Feb 2008 16:26:00 EDT

Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.

Pump Patrol

Fri, 18 Jan 2008 18:43:00 EDT

Find the lowest gas prices, and learn more about the factors that increase the pain at the pump.

Laptop made from corn

Wed, 09 Jan 2008 10:46:00 EDT

Many of the products at the Consumer Electronics Show (CES) will be striking rather small blows for the environment, but the industry is realizing that even in electronics, going “green” can be a powerful marketing tool.

Gas to guzzle more cash in 2008

Wed, 09 Jan 2008 10:04:00 EDT

The typical household in Virginia could spend about $332 more on gasoline this year than last, according to calculations by AAA Mid-Atlantic. But that’s only if gas stays at yesterday’s price for the rest of the year—an optimistic thought considering some predictions.