Gas prices will soon drop to their lowest level of the year.
By Monday, the national average should fall below the $3.2775 a gallon drivers were paying on Jan. 1, according to analysts. The drop is a present for those planning to hit the road during what is expected to be the busiest Christmas travel season in six years.
An analysis from Bloomberg shows that Pakistan faces the greatest problems with gasoline costs while the United States trends lower in prices and total income spent on gasoline.
The price of oil fell Wednesday as traders looked for signs of progress in negotiations over U.S. budget issues.
Benchmark oil dropped 69 cents to finish at $86.49 per barrel in New York. Earlier, the price was down nearly 2 percent. But much of the loss was erased after a Federal Reserve survey showed economic growth improved in October and early November across much of the country.
Six Democratic senators representing West Coast states asked the Justice Department to investigate recent gasoline price spikes on the West Coast, believing oil refineries might have created a false perception of supply shortages, Reuters reports.
NEW YORK (AP) — The price of gasoline fell Tuesday after Hurricane Sandy left a wide swath of flooding, power outages and disrupted transportation in the eastern U.S.
National Public Radio questions the impact of achieving energy independence, declaring "energy independence does not mean cheaper gasoline. It doesn't even mean that prices are more stable."
Sens. James Inhofe, R-Okla., and Lisa Murkowski, R-Alaska, are calling for a joint hearing of the Environment and Public Works and Energy and Natural Resources committees on the rapid rise of California gas prices, The Hill reports.
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.
West Virginia Gov. Earl Ray Tomblin and Attorney General Patrick Morrisey joined a push to have the Supreme Court rule to overturn EPA greenhouse gas regulations, The Charleston Gazette reports.
Sen. Tim Kaine, D-Va., voiced optimism that President Obama would not veto his bill to authorize oil and gas drilling off the coast of Virginia, The Hill reports.
The National Oceanic and Atmospheric Administration said a key satellite tasked with tracking severe eastern weather failed and a spare has been activated, Reuters reports.
The new chemical safety compromise bill introduced by Sens. David Vitter, R-La., and Frank Lautenberg, D-N.J., now has 20 co-sponsors, The Hill reports.
Participants in the Energy Department's Better Buildings Challenge, designed to reduce energy consumption at buildings, saved about $58 million in energy costs last year, The Journal Sentinel reports.
In a Q&A with State House News Service, Massachusetts Senate candidates Rep. Ed Markey, D, and Gabriel Gomez, R, give their take on the Senate battle to confirm EPA nominee Gina McCarthy.
In an interview with GreenBiz.com, Massachusetts Gov. Deval Patrick discusses his vision for his state's energy policy, including his plans for offshore wind generation.
New York Gov. Andrew Cuomo's plan to reform the Long Island Power Authority over flaws exposed by Hurricane Sandy is unpopular among municipal bond investors, Bloomberg reports.
