gasoline prices

Oil

Anchorage frets about impact of oil slide

Source: 
The New York Times

The dramatic drop of oil and gasoline prices in recent months is worrying residents of Anchorage, Alaska, who wonder whether the city’s push to diversity in recent years will be enough to cushion it from the shock of another oil bust, The New York Times reports.

Oil

Gasoline prices jump 13 cents a gallon, could go higher

CAMARILLO, Calif. (AP) — The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop.

Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump.

Oil

GM 2014 profit falls 26 percent to $2.8B on recall costs

DETROIT (AP) — If it weren't for the recalls, 2014 would have been a stellar year for General Motors.

Even with $2.8 billion in pretax costs to fix more than 42 million recalled vehicles worldwide and $400 million set aside for death and injury claims, GM still managed to turn a $2.8 billion profit. It plans to raise the quarterly dividend.

Oil

Automakers report January US sales jumps, led by GM, Toyota

DETROIT (AP) — With low interest rates and cheaper gasoline to motivate them, and no polar vortex to keep them home, consumers went car-shopping in a big way in January.

New vehicle sales rose 14 percent to 1.15 million, according to Autodata Corp. It was the best January in nine years. Car buyers found a few deals, but they were also attracted to popular new vehicles such as the Ford F-150 and Jeep Cherokee.

Oil

Gasoline prices rising, one week on

Source: 
The Wall Street Journal

After 123 straight days of declines, gasoline prices have now increased for seven days, according to data from the AAA, a trend that’s likely to continue, The Wall Street Journal reports.

Haiti bus drivers strike over fuel prices, stranding many

PORT-AU-PRINCE, Haiti (AP) — Bus drivers in Haiti began a two-day strike Monday over the cost of fuel and many people were unable to get to work and school across the country.

Unions representing drivers said the government's cuts to the regulated cost of diesel and gasoline did not go far enough, given the drop in global oil prices. The government recently lowered the price of gasoline by about 25 cents to $4.50 a gallon and diesel by about 20 cents to $3.55.

Oil

Loss for Hess in 4Q on lower oil, gasoline prices

Source: 
The Wall Street Journal

Stung by lower oil and gasoline prices and raking in less from asset sales, Hess Corp. lost $8 million in the fourth quarter, compared to a profit of more than $1.9 billion in the period a year earlier, The Wall Street Journal reports.

Oil

As the cost of gasoline shrinks, small businesses think big

NEW YORK (AP) — For small business owners who deliver goods and services via car, truck or SUV, lower gas prices have brought more customers within reach and put more money in their pockets.

As gas prices fell below $3 a gallon, Kristen Harris went back to delivering her desserts to Chicago-area neighborhoods she had abandoned. Harris was able to cut her delivery charge from 70 cents a mile to 60 cents, and win back customers who had balked at the higher fee.

Oil

Pump price decline halted

Source: 
The New York Times

Average gasoline prices across the country rose a fraction of a cent on Tuesday, the first time in more than four months that’s happened, according to the AAA, which added, however, that it doesn’t expect the development of any significant trend for higher costs at the pump, The New York Times reports.

Administration climate plans threatened by pump price drop

Source: 
National Journal

Increased fuel efficiency standards, a major component of President Obama’s plan to fight climate change that he touted in last week's State of the Union address, could be threatened by continued low gasoline prices that encourage consumers to return to buying gas guzzling vehicles, National Journal reports.

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