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Party like it's August 2007: oil falls to 14-month low

Photo by Michael (mx5tx). Licensed under Creative Commons license 2.0. The bad news continues for fuel efficient vehicle technologies. The AP is reporting that yesterday's oil barrel price of $74.54 was a 14-month low, and that price is half (half!) of the high price earlier this summer. The main reason for the drop is the tanking U.S. economy, which "stoked fears that a significant global economic slowdown will undermine demand for crude," as the AP so clearly puts it. One potential uptick in prices could come in November, when OPEC meets and ... Read more →

Well, gas prices have dipped... did praying help? Sebastian Blanco

Photo by Maveric2003. Licensed under Creative Commons license 2.0. It wasn't too long ago that the Good Lord came out against sinful gas guzzlers. But, if people like Rocky Twyman are to be believed, ...

OPEC: Oil prices could continue to rise Jeremy Korzeniewski

OPEC president Chakib Khelil believes that the already staggering price for a barrel of oil could continue to rise. Citing the low value of the U.S. dollar, Khelil says that investors are likely to ...

Oil getting close to $120, gas prices following upward trend Sebastian Blanco

Photo by Jurek D. Licensed under Creative Commons license 2.0. I doubt there are any regular readers of AutoblogGreen who need a reminder as to why greener cars are not only cool but, increasingly, ...

By the barrel or the gallon, gas hits new highs Marc Geller

The San Francisco Bay Area always leads in cultural trends, technology, and gas prices. It may be mocked and marginalized as unrepresentative, but eventually the country catches up. As tourists stroll ...

Oil prices fall over $4 after hitting new record highs 1 year ago on Autoblog Green

Oil hit a new record high price of $111.80 yesterday morning, but settled at $105.68 later, a drop of $4.42 for the day. While we're not yet ready to suggest that an end has come to the daily rise in oil prices, seeing the price for a barrel of crude drop, if only for a day, is probably a bit of a ...

Expensive gas worries GM purchasing chief 1 year ago on Autoblog Green

It's no secret that the auto industry's most profitable vehicles are also the hardest hit when gasoline prices climb past consumers' comfort levels. Bo Andersson, the man behind GM's purchasing decisions, says that the tipping point currently hovers around $3.30 a gallon. At that price, sales start ...

Your daily update on record oil prices: $110 per barrel 1 year ago on Autoblog Green

Lately, record oil prices have been a daily topic here on AutoblogGreen because every day the old record, set the previous day, is being beaten out by the day's closing price. Guess what? We're back at it today. That's right, a barrel of oil passed the $110 plateau for the first time ever. This ...

Oil prices just one of many symptoms driving U.S. into recession 1 year ago on Autoblog Green

Over the past several months financial "experts" and politicians on all sides have been bickering about whether the U.S. economy is in a recession. Unfortunately for most people, the declaration of yes or no is a meaningless semantic argument. The way a recession is officially "defined" - two ...

Oil at $200 a barrel a distinct possibility if anything bad happens 1 year ago on Autoblog Green

Photo by ^riza^. Licensed under Creative Commons license 2.0. Now that we've all had a few months to get accustomed to crude oil prices hanging at $100 per barrel pretty steadily it's time to look ahead. The very real possibility of oil at $200 a barrel could be upon us if any unforeseen ...

Gulp - oil shoots past $105 a barrel 1 year ago on Autoblog Green

Photo by ^riza^. Licensed under Creative Commons license 2.0. Sure, $100 for a barrel of oil was news back in January, but the predictions that even higher prices are on the way was pretty much accepted at the end of 2007. Welcome to the future, a time when a barrel of oil will set you back $105 ...

Videos: Ratan Tata, Sir Mark Moody-Stuart, Mitt Romney 1 year ago on Autoblog Green

We told you there are concerns Tata Motor's Nano will drive up oil prices. What does Tata chairman Ratan Tata think about this? In the first video below the fold, Ratan laughs it off. We told you Sir Mark Moody-Stuart, former Shell chairman said low MPG cars should be banned. Want to see Mark say ...

Spring could bring $4 gallons of gas to the U.S. 1 year ago on Autoblog Green

Well, with the $100 price limit on a barrel of oil broken last week (if only for a minute and then most likely by one guy with an inferiority complex), this is as good a time as any to prepare Americans for the possibility of $4 gallons of gas come springtime. That's what Atlanta ...

Ethanol promoters say ethanol is one "realistic solution" to high oil prices 1 year ago on Autoblog Green

Even though this week's $100-a-barrel oil prices were a bit of a false alarm, expensive oil is not a joke. In response to the record rate, the Ethanol Promotion and Information Council (EPIC) released a statement that calls ethanol one of the "realistic solutions to our dependence on a dwindling ...

Who's responsible for $100 barrels of oil? One guy "seeking fame" 1 year ago on Autoblog Green

Well, the big news from yesterday that the price of a barrel of oil went over the $100 mark for the first time ever. The big news from today is that we have one guy to blame for this incident. According to the Daily Mail, a single trader who was "seeking his moment of fame" decided that being the ...

BREAKING: Oil hits $100 a barrel 1 year ago on Autoblog Green

digg_url = 'http://digg.com/business_finance/OIL_HITS_100_A_BARREL_2'; Oil is starting 2008 with a bang: Today, for first time ever, a barrel of crude oil traded for $100. Oil has traded close to $100 for months but there is just something about breaking the $100 barrier. "This is an important ...

We fill up the tank, we fill up their bank 2 years ago on Autoblog Green

I have long had the image that that fuel pump hose filling our gas tanks is really more like a money vacuum. We pump in 10 gallons and make a $35 deposit into the oil cartel bank account. They then take some of that money and use some of it to explore for new oil. They use another part to live ...

Whew! Price of crude oil hits $88.20 2 years ago on Autoblog Green

digg_url = 'http://digg.com/world_news/Barrel_of_oil_88_20_on_Turkey_Iraq_war_fears'; The latest news from Turkey is that the country might go to war with Kurdish separatist guerrillas in Northern Iraq. That makes you nervous? Well, it certainly made the market nervous and so we just saw the ...


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