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Growing global demand and supply constraints will push oil prices to $200 a barrel and gas prices to $7 a gallon within four years, forcing 10 million U.S. cars off the road, according to Jeff Rubin, chief economist at CIBC World Markets. ...more
June 27, 2008
After last week's plunge, the dollar climbed against the euro in late New York trading as several government officials and President Bush voiced their support for a strong U.S. currency. ...more
June 10, 2008
NEW YORK (AP) - As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher. ...more
January 6, 2008
TAMPA BAY AREA Spirit Adding TIA Flight Spirit Airlines will add a second daily flight Feb. 14 between Tampa International Airport and Fort Lauderdale with direct connections to a new Spirit flight between Fort Lauderdale and Panama City, Panama. That service will begin Jan. 31 and be offered three days a week. ...more
January 5, 2008
Oil prices ended the year near $96 a barrel, or 57 percent higher than where they began, and analysts expect rising demand and geopolitical instability to keep upward pressure on energy costs early in 2008. ...more
January 1, 2008
Oil futures surged to a new record near $94 Monday, propelled by the weak dollar and news that Mexico's state oil company had suspended a fifth of its oil production because of stormy weather. ...more
October 30, 2007
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