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On reserve: 727 million barrels of crude oil
Eve Troeh Sep 30, 2012
The United States has the most crude oil stashed away and ready-to-go of any nation on earth in its Strategic Petroleum Reserve. But you can't see the oil. It's underground in salt domes.
Oil sanctions cause pain in Iran, but also at gas pumps
Scott Tong Sep 24, 2012
As world leaders gather to discuss the oil santions against Iran, that country is selling only half the volume of a year ago. But its reduced production is raising oil prices around the world.
Wholesale prices rise in August
Diane Swonk Sep 13, 2012
The Federal Reserve wraps up its two day policy meeting today. It's expected to announce whether it will pump more stimulus money into the U.S. economy. Meanwhile, we just got inflation numbers for August. Wholesale prices increased 1.7 percent last month -- the biggest jump in three years.
Gas prices from Norway to Venezuela
Jeff Tyler Sep 4, 2012
Charging less than a dime per gallon, Venezuela sells cheapest gas on the planet. Norway has some of the highest fuel prices in the world.
To convert to gas or electric?
Scott Tong Jul 20, 2012
A faster-cooking kitchen range is the incentive for one family to switch to natural gas. But if you hope to save money, that's just the start.
Largest maker of gas cans going out of business
Sally Herships Jul 9, 2012
What did in the maker of the ubiquitous red containers? A failure to heed the warning printed on them.
Some economic slowdown in the U.S., gas prices remain stable
Julia Coronado Jul 2, 2012
There's news this morning that folks who do the ordering at factories are increasingly wary. The Markit U.S. Purchasing Managers Index was a disappointment, its worst showing since late 2010.
Global political climate helping oil prices drop
Jeff Horwich Jun 27, 2012
Oil prices are down about 25 percent in the past few weeks. Those falling oil prices are good for our pocketbooks. They're also good for American foreign policy.
Gas, oil prices dropping in June
Jeremy Hobson Jun 21, 2012
If you've been to a gas station recently, you know that prices are down -- on average, about 20 cents lower per gallon than a month ago. That's in part because the price of oil is at an eight-month low.
Falling gas prices can serve as stimulus
Heidi N. Moore Jun 21, 2012
Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy-- at least just yet. That has a ripple effect on commodities like oil.
