In the late winter of 2006, the citizens of Burlington, Vermont prepared to elect one of five candidates to a three-year term for an open mayor’s seat.  At one forum, a citizen stood up and asked, “Within the next mayoral term, it’s likely the price of oil will hit $90 a barrel and gas will […]

A group of California gasoline station owners have filed suit in a US federal district court in San Francisco accusing Big Oil of fixing gasoline prices across the United States from 1998 to 2001.
The suit claims that Texaco, state-owned Saudi Aramco and Royal Dutch Shell colluded to set gasoline sold to 23,000 Texaco […]

The shop around the corner raised the price of sandwiches by a quarter this week. Although the housing meltdown is raising concerns that it may take the whole American economy down with it, prices are going up and the reason is the cost of oil.

America’s high gas prices are being caused, in part, by what has been called an “invisible hurricane” - have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production.
These mechanical breakdowns have created a bottleneck in domestic energy […]

With gasoline prices at record highs, the U.S. House has passed a bill that makes gas-price gouging a federal crime.
Washington Senator Maria Cantwell has pushed such legislation for two years in the Senate, and the Majority Leader Harry Reid said he would bring up her bill in June.
The House vote provoked an immediate veto threat […]