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The price of oil and gasoline skyrocketed in 2007 and the first half of 2008. Analysts ascribed the sharp rise to a confluence of factors. Investors have been buying high-priced oil futures, and are currently being investigated for possibly manipulating oil prices. India and China have a much higher demand for gas, but world oil production has not increased to match the demand. The declining dollar has also been pegged as a cause.
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Fast Facts
- Americans consume 20 million barrels of oil a day
- Taxes: 12% of U.S. gas price
- United Kingdom: Taxes over 50% of gas price
- Most expensive gas: $9.69/gallon (as of May 31, 2008), Norway
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Real-Time Price Guide: GasBuddy.com
GasBuddy lets you search for Gas Prices by city, state, zip code, with listings for all cities in the USA and Canada. Updated in real-time, with national average price for gasoline, current trends, and mapping tools.gasbuddy.com -
NPR: Q&A: What's Behind High Gas Prices?
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Real-Time Price Guide: GasBuddy.com
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Price of Oil and Gasoline on Twitter Powered by Twitter
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Oil price goes down..price of gas stays the same. Oil price goes up they raise Utilities and gasoline price so fast ur head spins
@VikingHeroe | June 24, 2009 02:18 PM -
Oil falls below $67 a barrel: Bleak World Bank outlook, growing inventories of oil and gasoline weigh on price http://bit.ly/4hwCX
@globeandmail | June 22, 2009 10:00 PM -
Great Topic. Uhm, let's see. Seeing how the price of oil is down and gasoline prices are still going up, our own fell... http://znl.me/J8Z9J
@zanneliran | June 22, 2009 06:58 PM
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Price of Oil and Gasoline on Amazon | View All
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THE EXPERT GUIDE TO SAVING ON FUEL PRICES (Save Gas) - $2.49
Old Fashioned Tips for Saving Money on Fuel Prices"For whatever reason, due to supply and demand and the result of speculators speculating wildly, fuel prices are at an all-time high. And since our country simply doesn’t have a ...
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Gas Prices Baby Ultrasoft Onesie - $18.45
auto, automobiles, Bush, cars, drive, riving, Esso, fuel, gas, gasoline, government, inflation, motorcycles, oil, petrol, petroleum, Shell, Sunoco, transportation, vehicles Category: Adult
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Historic Oil Manufacturing Cartoon: The Inside Story of Modern Gasoline DVD (1946) - $7.99
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Gas Prices Women's Tank Top - $20.95
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Asymmetric error correction models for the oil-gasoline price relationship [An article from: Energy Policy] - $10.95
This digital document is a journal article from Energy Policy, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web...
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Questions and Answers About Price of Oil and Gasoline | View All | Ask a Question
View All Price of Oil and Gasoline Questions (794) | Ask a QuestionWhere can I find the gasoline prices per state? (4 Answers)For comparing gas prices in different states: http://www.fuelgaugereport.com/sbsavg.asp http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html To know, where you can buy cheapest gas: http://gasprices.mapquest.com/ http://gasbuddy.com/ http://www.energyalmanac.ca.gov/transportation/index.html read moreLooking for closing price history of nearest month oil futures over last 10 years online for research project? (2 Answers)http://www.inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp shows the Annual average domestic crude oil prices from 1946 to the Present the prices are corrected for inflation. also here is a chart showing the crude oil price ... read moreWhat are the top five gasoline brands sold by volume? (1 Answer)In canada, I know 4 Esso Petro Canada Shell Sunoco read moreWhat is the reason for the massive drop in oil prices from their previous high? (1 Answer)The oil prices are not determined by standard market forces, i.e. the demand/ supply dynamics. Instead, geopolitics and speculation are decisive factors here. This means that the price of oil ... read more
Ask a Question about Price of Oil and Gasoline 140 characters
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Price of Oil and Gasoline News and Articles | Add a Link
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Google News: Price of Oil Headlines and Gas Price headlines
"price of oil" - Google News
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The New York Times: OPEC Ponders Choices as Oil Prices Plummet
History suggests that OPEC will face a tough time propping up prices as oil consumption slows down and the world teeters on the edge of a global recession.
nytimes.com (October 21, 2008) -
Salon.com: Oil price conspiracy theorists: Rev your engines
Last week short-sellers bet that the price of oil would drop. They were very wrong, but sooner or later they'll be right -- at least for a little while.
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MSNBC: Gas Prices Jump to Highest Level Since June
Oil prices broke through the $70 per-barrel barrier Friday and more forecasters are broadening expectations for an upward swing in crude.
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CNN.com: Bush pushes Saudis for help with rising oil prices
President Bush lobbied Saudi Arabia on Tuesday to boost oil production and help the U.S. economy by forcing fuel costs down.
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Reuters: World economy can live with $100 oil
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ABC News: Gas Prices Jump Above $3 a Gallon (Nov. 5, 2007)
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abcnews.go.com -
Bloomberg.com: Oil rises Above $82 for the First Time on Lower...
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bloomberg.com (September 18, 2007) -
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Forbes.com: OPEC has set unofficial target price of 70 usd...
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CNNMoney: Oil rises as crude, gas supplies fall
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money.cnn.com (August 29, 2007) -
MercuryNews.com: Myths about gas prices mask real problems
http://www.mercurynews.com/opinion/ci_6107666?nclick_check=1
mercurynews.com -
WashingtonPost.com: "As Gas Prices Rise Again, Democrats Blame Big Oil"
A week after U.S. gasoline prices hit a near-record $3.05 a gallon, Democrats in Congress are promoting legislation taking aim at the big oil companies, although industry experts say that the efforts aren't likely to have any effect.
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The Raw Story: Conyers to convene hearing on gas prices
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The New York Times: "Drivers Shrug as Gasoline Prices Soar"
Prices are rising at the pumps again, but even as gas tops $3 a gallon, consumption has not gone down.
nytimes.com
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Price of Oil and Gasoline Background | Add a Link
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The New York Times: "Detroit Sees Cheap Gas as History" (2006)
The Chrysler Group said Monday that it expected gasoline prices to remain at $3 to $4 a gallon for the rest of this decade.
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FuelEconomy.gov: Frequently Asked Questions About Gas Prices
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Foreign Policy: "The First Law of Petropolitics" by Thomas Friedman (2006)
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Fortune: Who's to blame for high gas prices? (2006)
Spring is not even a month old but it's already promising to be a long hot summer for American drivers. Gasoline prices are surging toward highs not seen since the wake of Hurricane Katrina last fall - the national average now stands at $2.68 a gallon - and some experts are predicting $3.00 a gallon before long.
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New York Times: Op-Ed: "The End of Ingenuity" (2006)
The debate about environmental limits to economic growth is coming back with a vengeance.
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CounterPunch: "The Price of Oil?... War" (2003)
America's Best Political Newsletter.
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OmniNerd: Gas Prices in Perspective
Gas Prices in Perspective - OmniNerd
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CSMonitor.com: Gas prices too high? Try Europe
$7 a gallon? That's what drivers in Amsterdam pay. But Europeans have long adapted to high prices.
csmonitor.com
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Foreign Policy: "The First Law of Petropolitics" by Thomas Friedman (2006)
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Price of Oil and Gasoline Message Boards and Blogs | Add a Link
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Jalopnik: Gas Prices category
Gas Prices Continue To Rise, U.S. Average Reaches $2.45 With Memorial Day in the past, some were hoping gas prices would drop. They haven't. What's going on?
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Think Progress: Rumsfeld Unveils New Justification For Iraq War: High Gas Prices
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Redstate: Another Spring...
Another Spring . . . | Redstate
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National Review Online: Chavez Is Betting the Wrong Way on Oil Prices
NRO
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Business and Media Institute: Media Myth: Gassing Up
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Price of Oil and Gasoline Satire and Commentary | Add a Link
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The Onion: Oil Executives March On D.C.
The hundreds of executives, majority share-holders, and oil barons say they've been shut out too long.
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DeadBrain: Bush Unplugged
Political and news satire updated daily.
deadbrain.com
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The Onion: Oil Executives March On D.C.
