Gas Prices

3:22pm

Sun November 9, 2014
Economy

Low Gas Prices Haven't Slowed Domestic Drilling — Yet

Originally published on Mon November 10, 2014 1:22 pm

Lower oil prices, while good for the economy, are a threat to what has been a dramatic surge in oil production in the U.S.
David Goldman AP

It's lunchtime in Douglas, Wyo., a town smack in the middle of the state's booming oil patch, and the line of cars at the McDonald's drive-through wraps around the building. A hiring poster hangs in the window, and the parking lot is full.

Troy Hilbish, a tool hand for the oil field servicing company Schlumberger, says while he didn't know oil prices have been falling, he does know what falling prices mean.

"If the oil prices go up, we drill more," Hilbish says. "If they go down, we don't drill as much."

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3:39am

Fri October 18, 2013
Economy

Declining Gas Prices Pump Up A Shaky Economy

Originally published on Fri October 18, 2013 10:34 am

A motorist fuels up at a service station in Springfield, Ill.
Seth Perlman AP

In recent weeks, economists have been worrying about the negative impact of the now-ended government shutdown and potential debt crisis.

But away from Capitol Hill, the economy has been getting a big boost: Gasoline prices have been declining, week after week. In some parts of the country, a gallon of unleaded regular gasoline is now down to less than $3 a gallon — a price most Americans haven't seen in three years.

And any time the pump price starts dropping, consumer spirits start rising.

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1:02am

Thu June 20, 2013
Business

If Supplies Of Oil Are Up, Why Is Gas Still Pricey?

Originally published on Thu June 20, 2013 6:00 pm

Jim White of Pennsylvania pumps gas at a BP station in Ocala, Fla., in April. The price of gasoline remains stubbornly high, which may put a crimp on summer travel plans.
Doug Engle Ocala Star-Banner / Landov

Supplies of oil have been surging this year, and U.S. drivers, who have been switching to more fuel-efficient cars, are using less gasoline.

That would seem to be the right economic combination to push down prices at the pump, but gasoline prices have remained stubbornly high this summer.

Even some people in the industry are wondering whether the law of supply and demand somehow has been repealed.

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1:37pm

Thu May 23, 2013
Holiday Weekend

Fewer Coloradans Expected To Travel This Memorial Day Weekend

FontShopInternational Creative Commons/Flickr

Ready for a long Memorial Day weekend? If you’re heading out, you may want to look at the numbers. AAA Colorado predicts that 600,000 Coloradans will travel 50 miles or more from home during the weekend.

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6:57am

Thu May 16, 2013
The Two-Way

Conflicting Signals From Latest Economic Indicators

Thursday morning's economic news:

-- There were 360,000 first-time claims for unemployment insurance last week, up 32,000 from the week before, the Employment and Training Administration says. At 360,000, the pace was the fastest since the last week of March. But it remained well below the 400,000-and-higher rate that lasted from mid-2008 into 2011.

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