Oil

Oil companies will still be turning in record profits for the second quarter, despite the significant drop in the price of oil. Amy Scott reports analysts are looking into how the companies will use that money.

Eager to unload that big truck or SUV and start saving at the pump? Not so fast. The cost of dumping your inefficient vehicle may be more than you end up saving. John Dimsdale reports.

The number of energy bills Congress has passed comes to exactly zero. So if $4-a-gallon gas and oil at $125 a barrel isn't enough of a crisis to get lawmakers going, what is? Sam Eaton reports.

In a battle for control of one of the world's most valuable resources, billionaire Russian investors have been trying to maneuver control over BP. Bob Moon discusses the struggle for oil power with Stephen Beard.

New York City cabbies want to tack a dollar onto every fare to offset oil prices. But Mayor Michael Bloomberg and the city's Taxi and Limousine Commission say the answer lies elsewhere. Jessica Lussenhop reports.

Money for gas accounts for a painfully high proportion of some people's paychecks, especially in the rural South, like Wilcox County, Alabama. Tanya Ott reports on how some folks there are barely getting by.

An oil spill has brought commercial traffic in the Mississippi River to a halt. Host Kai Ryssdal talks with the Coast Guard's Brendan Brewer about the cleanup effort.

Southwest Airlines' secret to success has been hedging fuel when prices were lower. But how much longer can the airline keep up its winning streak? Dan Grech reports.

A Massachusetts lawmaker is pushing to make gas cheaper if you pay with cash, with a potential savings of seven cents per gallon. Jeff Tyler reports how the discount could help independent gas stations.

Biodiesel and ethanol were once touted as cheap, eco-friendly options, but between rising prices and their impact on the cost of food, these alternative fuels are losing their good reputation. Tom Banse reports.