Stockpiles of oil are increasing as demand is on the decline. That is what caused a slow and steady decline in pump prices throughout Florida last month, according to AAA Auto Club South. ...more

August 2, 2009

Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia. ...more

October 22, 2008

The brief respite for consumers at the gasoline pump may come to an abrupt end if Tropical Storm Gustav slams into the petroleum-rich Gulf Coast and its numerous refineries, just as Americans begin packing up cars for the Labor Day weekend. ...more

August 28, 2008

Oil companies intensified preparations to evacuate some facilities as Hurricane Gustav made its way toward the U.S. Gulf of Mexico, becoming a potential threat to the region's extensive oil and natural gas production. ...more

August 27, 2008

As oil set a new record, top industry executives and a senior EU official Monday urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that - even if it does - costly crude is here to stay for years. ...more

July 1, 2008

High oil prices, like a walk under the summer moon, can drive normally rational people to do foolish things they later regret. For Barack Obama, it is a fling with a windfall profits tax on American oil companies - one of the most thoroughly discredited economic policies of the last few decades. ...more

June 30, 2008

It's frustrating enough when gas prices soar due to the unseen forces of global supply and demand. But it's downright unfair when Wall Street speculators contribute to rising prices at the pump. ...more

June 13, 2008

A leading congressional proponent of opening up offshore oil drilling closer to Florida's Gulf Coast promised on Wednesday to continue his fight, after being dealt yet another defeat. ...more

June 12, 2008

WASHINGTON - A leading congressional proponent of opening up offshore oil drilling closer to Florida's Gulf Coast promised to continue his fight Wednesday, after being dealt yet another defeat. A Democratic-controlled House panel voted 9 to 6 in a party-line vote against lifting the 27-year-old offshore drilling moratorium, at a time when gasoline prices are expected to float at or above $4-a-gallon for the rest of the summer. ...more

June 11, 2008

Gasoline prices jumped back above $3 a gallon at the pump Monday even as concerns about the economy and increases in crude supplies sent oil prices lower. ...more

November 5, 2007