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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 »
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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...
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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...
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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...
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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 »
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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...
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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...
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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 »
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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...
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Overview
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.
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