A group of ethanol and corn producers from South Dakota have launched a new advertising campaign to encourage supporters to “ Sign Up for Ethanol .” The ads highlight the role of ethanol in increased energy security, economic development and decreased gas prices. The first ad in the series shows how domestically-produced fuel helps to create energy security by not investing our country’s dollars into fuel produced in hostile countries, thousands of miles away. Other ads in the series...Read Full Story
The American Diabetes Association has launched a new interactive tool on its Web site designed to help consumers better understand the nutritional compromises of food choices. The new tool, MyFoodAdvisor, assesses foods for 22 different nutrients, suggests alternatives and analyzes the overall health benefits of foods. Portion sizes are standardized, based on American Diabetes Association and American Dietetic Association exchange lists, so that all carbohydrate-containing foods are in...Read Full Story
In the aftermath of Hurricane Ike, gas prices have risen sharply. Many suspect gas price gouging by the oil companies are the reason for the sudden prices. In just one example shown on CNN , gas prices at one station rose to $4.99 a gallon, a jump of $1.50 in just one day. President Bush spoke out this weekend to pledge support for keeping prices legal: "In the meantime, the Department of Energy, the Federal Trade Commission, and I know state authorities will be monitoring gasoline prices to...Read Full Story
Despite June’s severe flooding in the Midwest, U.S. farmers are on pace to produce the second largest corn crop, according to the Crop Production report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Corn production is forecast at 12.3 billion bushels, down 6 percent from last year’s record, but up 17 percent from 2006. Based on conditions as of August 1, corn yields are expected to average 155 bushels per acre, up 3.9 bushels from last...Read Full Story
Gas prices jumped nearly 19 cents on fears of shortages caused by Hurricane Ike. The average retail gas price increased to $3.835 this week, up $1.04 from a year ago at this same time. The average price of diesel also remains high at $4.03 a gallon, up nearly $1.06 cents a gallon from a year ago. The petroleum industry's pricing model is "Up like a rocket, down like a feather". So no one should expect to see prices come down anytime soon. Most likely, this is just a new plateau so that...Read Full Story
Goodrich Petroleum to boost oil production in 2012BusinessWeekGoodrich Petroleum Corp. said Wednesday that it expects to more than double oil production this year while it cuts spending by as much as 24 percent. The Houston oil and gas producer said that oil production will grow by 130 to 160 percent in 2012. ...and more »
Wheeling News RegisterSinopec Says China Raises Oil Windfall Tax Threshold to $55BusinessWeekPetroChina Co., China's biggest oil producer, also announced the levy change yesterday, and said it changed its natural gas pricing mechanism for Guangdong and Guangxi provinces on Dec. 26 under orders from the National Development and Reform ...China raises crude oil windfall tax thresholds-SinopecReutersSinopec Says Ministry of Finance Raises Oil...
FuelFix (blog)Chicago Traffic End of Ethanol Subsidies Could Increase Gas Prices MarginallyChicago TribuneWhile higher ethanol prices are certain to increase the cost of gasoline production next week, other factors — most importantly, the volatile oil market — could affect the price of gasoline more quickly. Gas prices averaged $3.28 a gallon on Monday, ...GasBuddy predicts record-high gasoline prices for York CountyYorkdispatch.comGas prices...
NOLA.comBP oil spill payments stalled in wrinkle over feesBusinessWeekBy CAIN BURDEAU Damage payments from the compensation fund for BP's massive oil spill in the Gulf of Mexico have been stopped temporarily because officials need time to comply with a court order to set aside money to pay hundreds of lawyers. ...BP oil spill payments resume after fee wrinkleNOLA.comGCCF resumes payments for BP oil spill lossesSunHerald.comBP fund resumes...
BloombergOil Extends Drop After Jump in Inventories: Commodities at CloseBloombergOil traded at $102.69 before the release of the report at 11 am in Washington, a day later than usual because of the New Year's Day holiday. It reached an intraday low of $101.95 after the report was released. NATURAL GAS Natural gas futures fell in ...Natural Gas Leads Gains in Raw Materials: Commodities at CloseBusinessWeekall 31 news articles »
KAREUS OIL INVENTORIES: Crude Stocks Rise By 2.2M BarrelsWall Street JournalGasoline futures declined 1% to $2.7573 a gallon, while heating oil futures fell 1% to $3.0590 a gallon. Oil stocks rose for the second straight week, though they remain at a lower level than the same period last year. Gasoline stockpiles rose 2.5 ...Oil Extends Decline After Unexpected Increase in InventoriesBusinessWeekCrude oil supplies increase by 2.2 million...
New York TimesOil price stays around $103 per barrelBusinessWeekAverage gasoline demand has dropped every week for more than 10 months, MasterCard said. At the pump, retail gasoline prices rose nearly a penny to a national average of $3.29 a gallon on Wednesday, according to AAA, Wright Express and Oil Price ...UK Warns Iran Over Oil Passageway ThreatFox NewsUK warns Iran over oil passageway threatSydney Morning HeraldOil Price Would Skyrocket...
US GAS: Futures Hold Onto Losses After Modest Inventory DropWall Street JournalGas prices pulled out of their lows the last two sessions, rallying more than 3% Wednesday, as a wave of cold weather swept across the northeast. Weather forecasts now call for colder temperatures later this month that could lift demand, ...and more »
FortuneOil hovers below $103 as EU mulls Iran oil banThe Associated PressIn other Nymex trading, heating oil fell 2.08 cents to $3.0691 per gallon and gasoline futures fell 1.57 cents to $2.7695 per gallon. Natural gas futures were down 4 cents to $3.056 per 1000 cubic feet.OIL FUTURES: Crude Weaker Ahead Of US Oil Inventory DataWall Street JournalOil steady as dollar gains cap rise on IranReutersOil Trades Near 8-Week High as Iran Threat...
Where will gasoline prices go, up seems to be the only direction lately. $3.50 may soon look like a discount. Share analysis of trends in gasoline prices and the business and political pressure that's pushing up the cost of fuel.
ABC News - One possible explanation is that Americans have become accustomed to paying $3 a gallon for gasoline. For the summer, the government's Energy Information Administration forecasts that g
ABC News - Retail gasoline prices climbed to another record Monday, while crude oil futures jumped above $66 per barrel amid concerns about gasoline supply heading into the peak summer driving season.
Boston Online - The gasoline consumed since that August peak in gasoline prices is up nearly 2.5 percent versus the comparable time period a year ago," said Portalatin, the NPD researcher. "
Alexandria Daily Town Talk - Louisiana’s gasoline prices have risen faster than the national average for the past few days and did so again overnight, according to the AAA Web site fuelgaugereport.