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November 2, 2012

The U.S. military’s working on getting NYC fueled up again

  • 24M the number of gallons of fuel the Defense Department will send to the NYC region using military tankers. While the city’s port is open and fuel pipelines are about to re-open soon, the problem is that many gas stations are currently without power, limiting the available stock of gasoline in the region. Some parts of central New Jersey may be without power for days — causing more fuel run troubles. source
20:38 // 1 year ago
October 7, 2012

Are you a California resident? Sorry about your gas prices

  • $4.65 per gallon gas prices in California as of Sunday morning, due in part to a power failure at an Exxon refinery in the state.
  • 84¢ the amount this is over the national average; it’s also 24 cents over the next-highest state, Hawaii.
  • 16¢ the amount gas prices have risen in California since Friday alone. source
11:56 // 1 year ago
June 26, 2012

Gas prices in South Carolina bring hope for summer travel costs

  • $2.987 per gallon average price in SC source

» That’s the first time any state’s average price-per-gallon has dropped below the $3 mark since days after the beginning of the Libyan revolution. Fighting began on February 15, 2011, and prices in South Carolina crossed the $3 threshold a few days later on February 19. While a 2.3 cent gap may not seem like much, analysts expect the prices to continue dropping, and millions of Americans will undoubtedly welcome financial relief of any kind — particularly on a commodity that many of us rely on heavily in our daily lives.

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15:34 // 2 years ago
February 23, 2012
Praying for lower gas prices: Demonstrators take part in a prayer vigil for lower gasoline prices in front of a service station in Washington, DC, on February 23, 2012. US President Barack Obama will try to head off Republican criticism over rising gasoline prices Thursday, setting out how the United States should address its voracious appetite for energy. Visiting the hard-hit election battleground of Florida, Obama will address concerns about rising gasoline prices, which have jumped 16 percent in a year in the Sunshine State, providing campaign fodder for his Republican foes. (Jewel Samad/AFP/Getty Images)

Praying for lower gas prices: Demonstrators take part in a prayer vigil for lower gasoline prices in front of a service station in Washington, DC, on February 23, 2012. US President Barack Obama will try to head off Republican criticism over rising gasoline prices Thursday, setting out how the United States should address its voracious appetite for energy. Visiting the hard-hit election battleground of Florida, Obama will address concerns about rising gasoline prices, which have jumped 16 percent in a year in the Sunshine State, providing campaign fodder for his Republican foes. (Jewel Samad/AFP/Getty Images)

18:05 // 2 years ago
September 20, 2011

Good news: Gas prices are down, but not from a year ago

  • $3.60 the average price of gasoline in the U.S.
  • -35¢ the decrease in price from May’s peak
  • +87¢ the increase in price from a year ago source

» What caused the increase? To put it simply, many analysts point to the civil war in Libya for inflating the price of gas, as it took 1 million barrels of oil out of the supply chain each day, raising the price of oil by $20 per gallon at its high point. The recent successes the rebels have had since NATO started its air strikes exactly six months ago tonight have helped to bring the prices down to more manageable levels. Seasonal factors are also at play, and with Labor Day behind us, gas prices should continue to decline through Christmas.

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0:33 // 2 years ago
June 16, 2011
The best way for ethanol to survive is to stand on its own two feet, without spending something we don’t have to get something we’re going to have anyway.
Sen. Tom Coburn • Making an argument against handing out ethanol subsidies — which cut gas prices but also cost the federal government $6 billion per year. An amendment to kill the subsidies passed both the House and Senate. In the case of the Senate, it was a straight-up bipartisan vote: 73-27. And a number of groups — including environmental groups — note that the subsidies are no longer needed because the federal government already requires refineries to mix ethanol and gasoline. However, don’t get too excited, budget hounds: The amendment is tied to an economic development bill that likely will not pass. source (viafollow) 
20:48 // 3 years ago
April 28, 2011

ExxonMobil, Shell making a crapload of money off high oil prices

  • 69% quarterly profit increase for ExxonMobil source

» And yet you’re paying $4 a gallon for gas: The world’s most iconic oil company scored $10.65 billion in profits for the quarter, which is at least in part due to the fact that oil is currently over $100 a barrel. While the company had other factors in play, other companies are getting same the oil-price bump: Shell, for example, had a 30 percent leap in profits. Maybe we’re crazy here or something, but … isn’t there a point where you hand these profits down to the consumer? You can afford it.

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11:11 // 3 years ago
April 12, 2011

The weather’s getting nicer? Time to start bitching about gas prices

  • $4.11 the average peak price per gallon that gasoline reached back in July of 2008
  • $3.77 the current national level, culled from a survey of 100,000 gas stations nationwide
  • six the number of states reportedly paying more than $4 per gallon right now source
11:23 // 3 years ago
March 7, 2011

Mideast ripple effect: Gas prices’ second-highest spike ever

  • 32.7¢ the increase in gas prices in the past two weeks, caused by the drama in the Middle East – the second-largest jump on record
  • 38.44¢ the largest jump in gas prices on record, which happened in 2005 – immediately after this storm called Hurricane Katrina source

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1:06 // 3 years ago