Skip to Content

oil-prices


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 →

Video: Oil addiction and biofuel dangers simplified Xavier Navarro

There's a new video from Good Magazine that explains the viewpoint of those who believe that using crops for biofuels isn't good for the environment with simple and clear language. The short clip ...

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, ...

Oil is still inexpensive, says Big Oil CEO Xavier Navarro

According to the head of France's Oil Giant company Total, oil is still "too inexpensive." This surprising statement is what Total's CEO Christopher de la Margerie said in an interview for French ...

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 1 year ago on Autoblog Green

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, vitally important for the pocketbook. The AP is reporting that a new series of small issues somewhere ...

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 ...

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 ...

Oil prices set for highest annual gain this decade 1 year ago on Autoblog Green

Well, it's not like we need to tell you that $3 gas is pretty much the new black. While the price of a barrel of oil hasn't broken the $100 barrier yet, it is sitting pretty at around $96 these days and the AP is saying that the high prices mean that the price of oil is set "for its biggest annual ...

Editorial: John McElroy on the burst of the oil bubble 1 year ago on Autoblog Green

Over on Autoblog, veteran auto writer and new contributor John McElroy provides an interesting take on gasoline prices and the potential for the bubble to burst. Looking at gasoline pump prices in real terms (factoring in inflation) as recently as the beginning of the current decade, they were at ...

Opec sees possible lower oil prices soon 1 year ago on Autoblog Green

Earlier this year when we spoke to Dr. David Cole, one of the risks that he mentioned of relying solely on fuel economy standards as a way to reduce oil consumption was the threat of oil prices dropping. If nothing is done to help create demand for more efficient vehicles, lower oil prices could ...

Crude oil futures top $97 a barrel for the first time 2 years ago on Autoblog Green

This week, the bombing of an oil pipeline in Yemen by saboteurs and a suicide bombing targeting lawmakers in Afghanistan spooked world oil markets. Those overseas events combined with rising demand and falling supplies in the US to drive oil price futures contracts to a new record high of over $97 ...

Latest View from The Nation: Sobering 2 years ago on Autoblog Green

Recently, I have found myself driving in stop/go/crawl traffic at least 4 days a week. Of course, this now-frequent activity coincides with the current 40 cent hike in gas prices we are suffering thru right now. My 8-year old ride drinks heavily in this style of driving and I don't like spending so ...


Featured Galleries

  • 1 Liter Racing League
  • Suzuki Alto in Global Green Challenge
  • Proterra Electric Bus
  • Local Motors Rally Fighter
  • 1916 Woods Dual Power Model 44 Coupe
  • Audi Avatar
  • Global Green Challenge Tesla Roadster goes 313 miles
  • Meyers Motors NMG
  • Cozmo NEV
  • Tokyo 2009: Suzuki Swift PHEV
  • Tokyo 2009: Suzuki SX4-FCV
  • Honda mobility devices

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum