With oil prices stabalizing internationally, national gas prices are steadily falling. Gas was higher than the current national average of $3.42 per gallon a month ago by 24 cents, and 7 cents higher last week, which also marked the first time the average was under $3.50 per gallon. The cost of diesel is also dropping. [...]
Shell Oil will meet with the federal government this week to propose an ambitious plan seeking permission to drill up to 10 exploratory oil wells beneath Alaska’s Arctic waters. The company has led the way for five years to convince regulators and environmentalists and server courts that it could drill in the region without causing [...]
GM’s CEO Rick Wagoner said Tuesday that increasing the federal gas-tax to guarantee a minimum price of $4 a gallon is “worth of consideration.” Many industry leaders have aggressively opposed a gas-tax hike but GM, which is betting its future on high-priced, fuel-efficient vehicles, feels that it will push new car shoppers to purchase hybrid [...]
A national survey said Sunday that gas prices dipped to $1.75 a gallon – a near five-year low. The Lundberg Survey said that price of self-serve gasoline dropped 22 cents in the past two weeks which is the lowest its been since the $1.74 average seen in March 2004. Lundberg said the price reductions we [...]
