Who hasn't driven by a gas station lately and seen prices hovering around $2 a gallon and not felt positively giddy? It's as if motorists have awakened from a bad dream where the price of a gallon of gas was almost twice that and our car-loving culture and fragile household budgets were being strangled. ...more

November 14, 2008

The U.S. Energy Department and the International Energy Agency both lowered their global oil consumption forecasts for this year because of surging prices, but said demand continues to accelerate in developing nations. ...more

June 11, 2008

It is strange but perhaps not unexpected that as oil price soars to record highs, alternative fuel opponents have been beating the drums. They have to beat them pretty hard to drown out the cries of pain at gas pumps around the world. ...more

May 13, 2008

Gas prices likely won't hit a new high this month, thanks to increased oil production and a report that says worldwide demand for light crude will decline next year. ...more

November 14, 2007

Gas prices likely won't hit a new high this month, thanks to increased oil production and a report that says worldwide demand for light crude will decline next year. ...more

November 14, 2007

China and India must ramp up efforts to curb oil demand and reduce greenhouse gas emissions to avoid devastating consequences for the world's energy supply, the International Energy Agency said Wednesday. ...more

November 8, 2007

Oil futures rallied to a new record of more than $88 a barrel Tuesday on concerns about disruptions to Middle Eastern crude supplies and a growing view that domestic supplies are not sufficient to meet fourth-quarter demand. ...more

October 17, 2007