Gas prices top $3 a gallon

Gasoline, nationally, tops $3 per gallon
NEW YORK, Dec. 23 (UPI) -- The national average price of gasoline breached the $3 mark Thursday as oil prices in New York flirted with two-year highs. Crude oil prices have escalated on encouraging economic news, cold winter weather and recent draws in U.S. stockpiles. Drivers have also increased time spent on the road this year, giving momentum to oil, which is a bellwether for consumer prices. AAA said a gallon of unleaded gasoline across the country cost on average $3.013 Thursday, up from $2...

Gas prices hit $3 a gallon, highest in 27 months. Will they go higher?
Now at an average price of $3 a gallon, Gasoline could cost at least $3.50 a gallon by spring. Rising Gas Prices go hand in hand with higher Oil Prices, driven up by outlook for a stronger economy....

Oil, gas prices rise in extended cold snap
Combined with heavy winter demand for heating fuel, light, sweet crude for February delivery prices on the New York Mercantile Exchange added 61 cents, 0.6 percent, to $90.43 per barrel. Heating Oil Prices gained 1.18 cents to $2.5409 per gallon. Reformulated Gasoline prices gained 2.04 cents to $2.402 per gallon. Henry Hub Natural Gas prices shed 5.9 cents to $4 per million British thermal units. At the pump, the national average price of unleaded Gasoline jumped to $2.997 per gallon Wednesday...

Gasoline Grinch arrives with pump prices above $3
A recent study from business management firm PortiaGroup, using data from OSIP, says consumers will likely pay about $1.35 more a gallon during the 12 days of Christmas (from Dec. 25 to Jan. 6) than during the same period of 2008-2009. The rising price of Crude Oil has been pushing up the price of Gasoline for the past month, and the trend continued Thursday. Benchmark crude rose 78 cents to $91.26 per barrel on the New York Mercantile Exchange in midday trading. That's the highest point in two...

Gasoline Grinch arrives with pump prices above $3
Pump prices continue to rise in the Washington metropolitan area. Gasoline prices ticked up a penny over the past week. NEW YORK -- The national average for a gallon of regular gasoline topped $3 a gallon on Thursday, just in time for the holiday driving trips millions of Americans will take this week. The average pump price rose about a cent and a half a gallon overnight, to $3.01, according to AAA, Wright Express and Oil Price Information Service. That's 14 cents more than a month ago and 43 ...

Oil prices trade near two-year highs...
Oil prices traded close to recent two-year highs on Thursday, as traders continued to absorb news that US crude reserves fell by more than double market expectations last week. Brent North Sea crude for delivery in February rose eight cents to 93.73 dollars per barrel after soaring on Wednesday to 93.94 dollars -- a level last seen in early October 2008. New York's main contract, light sweet crude for February, gained 10 cents to 90.58 dollars on Thursday, after touching a similar peak of 90.8...

Diesel, jet fuel made from natural gas
Image by philipbouchard via Flickr NY Times: Diesel and jet fuel are usually made from Crude Oil. But with Oil Prices rising even as a glut of Natural Gas keeps prices for that fuel extraordinarily cheap, a bit of expensive alchemy is suddenly starting to look financially appealing: turning Natural Gas into liquid fuels. A South African firm, Sasol, announced Monday that it would spend just over 1 billion Canadian Dollars to buy a half-interest in a Canadian Shale Gas field, so it can explore...

New Interest in Turning Gas to Diesel
By MATTHEW L. WALD NYT WASHINGTON — Diesel and jet fuel are usually made from Crude Oil. But with Oil Prices rising even as a glut of Natural Gas keeps prices for that fuel extraordinarily cheap, a bit of expensive alchemy is suddenly starting to look financially appealing: turning Natural Gas into liquid fuels. A South African firm, Sasol, announced Monday that it would spend just over 1 billion Canadian Dollars to buy a half-interest in a Canadian Shale Gas field, so it can explore turning...

Crude oil climbs above $90
NEW YORK, Dec. 21 (UPI) -- Crude Oil Prices climbed Tuesday, adding 68 cents to breach the $90 mark at $90.05 per barrel as equity markets closed higher. The Dollar held steady, the dollar index rising 0.05 percent. Heating Oil Prices on the New York Mercantile Exchange added 2.93 cents to $2.5188 per gallon, finding support from increased demand due to winter weather. Reformulated blendstock Gasoline added 3.43 cents to reach $2.4121 per gallon. Henry Hub Natural Gas prices shed 1.64 cents to ...

Oil hovers near 2-year high on cold snap, tighter stocks
By Randolph Fabi Singapore | Thu Dec 23, 2010 3:02am EST Singapore (Reuters) - Oil Prices climbed toward a two-year high on Thursday as cold weather in the United States boosted demand, slashed stockpiles and contributed to a stronger-than-expected rise in fuel consumption in 2010. U.S. crude for February rose 25 cents to $90.73 a barrel by 0714 GMT (2:14 a.m. ET), after settling at the highest level since October 2008 on Wednesday. ICE Brent Crude traded 14 cents higher at $93.79. Abnormally...

Millions of holiday travelers expected
Holiday travelers can expect clogged roads, high Gas Prices and some Bad Weather this weekend. As millions of people get on the road to visit friends and family, average Gas Prices on Christmas Day could hit $3 a gallon for regular unleaded — 40 cents more than last year and up $1.35 over 2008, said Tom Kloza of the Oil Price Information Service. That would be a record. "We've never had a Christmas with $3 a gallon gas," Kloza said. Despite the high cost of car travel, auto club AAA still ...

Gasoline Tops $3 A Gallon For First Time At Christmas
Daily Finance: It may be the happiest season of the year, but higher Oil Prices that have translated into Gasoline prices topping $3 a gallon have many motorists frowning. According to the latest survey by the AAA motor club, the nationwide average for a gallon of regular unleaded fuel surpassed $3 a gallon Thursday, its highest level in more than two years. Read the whole story: Daily Finance Get HuffPost Business On Twitter and Facebook! Know something we don't? E-mail us at ...

Crude Market Perspectives As WTI Passes $90
Heating Oil Prices followed the lead set by Gasoline prices on Monday, by breaking out over their critical resistance at 251.61 on Tuesday, finishing three points over that, at 251.64. Crude Oil Prices did not finish over $90.76, but they did finish at their highest level in two years at $89.82. And, now that Gasoline and heating Oil Prices have both broken their critical levels, we expect that crude Oil Prices will follow rather soon. The main factors pushing prices higher were optimism over ...

Arab OPEC ministers to meet as oil price tops $91
By Sherine El Madany and Shaimaa Fayed Cairo | Thu Dec 23, 2010 1:12pm EST Cairo (Reuters) - Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an Oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel. A full conference of the Organization of the Petroleum Exporting Countries earlier this month elected to make no change to an output policy it has stuck to since December 2008. Since then Oil has mai...

Stock index futures unchanged
PARIS | Thu Dec 23, 2010 4:37am EST PARIS (Reuters) - Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and NASDAQ 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET). Energy shares will be in the spotlight as Oil Prices climbed to near a two-year high on Thursday, boosted by an unexpected surge in global demand that has fueled the biggest drop in U.S. Crude Oil stockpiles in more ...

Stock index futures unchanged
Traders work on the floor of the New York Stock Exchange December 3, 2010. PARIS (Reuters) - Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and NASDAQ 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET). Energy shares will be in the spotlight as Oil Prices climbed to near a two-year high on Thursday, boosted by an unexpected surge in global demand that has fueled the biggest drop ...

Soybeans, corn rise on Argentina weather concerns
NEW YORK — Grain prices rose Wednesday as investors worried that a drought in Argentina might damage soybeans and corn growing in that country. Argentina is the world’s second-largest exporter of corn and the third-largest exporter of soybeans. The country has had dry weather for the past seven weeks. If that keeps up, it could reduce the size of the country’s harvest. "The fear is the pattern is going to continue," said Tim Hannagan, senior grain analyst for brokerage PFG Bes...

J. Andrews, others to get special Grammys
A formal acknowledgment of the presentation of the prizes for career excellence will be made as well during the 53rd annual Grammy Awards telecast, which will be held at Staples Center in Los Angeles Feb. 13, the Academy said Wednesday. LOS ANGELES, Dec. 22 (UPI) -- Prince Frederic von Anhalt, the husband of Hungarian-born actress Zsa Zsa Gabor, was hospitalized in California after accidentally gluing his eye shut. 'Speak' is No. 1 on the U.S. album chart NEW YORK, Dec. 22 (UPI) -- Crude Oil ...

Oil climbs to 2-year high on frigid weather, rising
Singapore (Reuters) - Oil rallied to its highest price in more than two years on Friday, supported by unusually frigid weather that has fueled demand, depleted supplies and stoked inflationary worries from South Korea to India. European benchmark ICE Brent Crude for February hit an intra-day high of $94.74 a barrel, the highest level since October 2008, before easing back to trade up 32 cents at $94.57 a barrel by 1:49 a.m. EST. Global benchmark U.S. crude futures, which hit a 26-month high of ...

Gas pump prices rise above $3
Positive economic news helped push Oil Prices higher on Thursday. The Commerce Department said that consumers spent more in November than the month before. And the Labor Department said that the number of people applying for Unemployment Benefits fell by 3,000 last week to 420,000. A weaker dollar also supported higher oil prices. Since oil is priced in dollars, it becomes more affordable to investors with foreign currency like the euro as The Dollar falls. Benchmark crude rose $1.03 to settle...

Holiday Travelers Hitting Road, Paying More
Like this Story? Share it: Gas Prices are on the rise this Christmas. Nationwide the average price for regular is $3.01 a gallon, a $0.43 jump from 2009 and the first time gas has ever topped $3.00 at Christmas. (CBS/iStock Images) (CBS) Millions of Americans are heading home for Christmas and most of them will travel by car. It's estimated 93 percent of 2010's holiday travelers are driving. That's nearly 86 million people on the road. CBS News correspondent Don Teague reports in Dallas, Texas...

Luisa Tetrazzini's gift ends S.F. era on high note
On Christmas Eve, exactly 100 years ago, Luisa Tetrazzini, the most famous opera singer of her day, sang in the streets of San Francisco as a gift to the city she loved. There was a huge throng present that night - some said as many as 250,000 people - but they are all gone now and only the memory remains, like the ghost of Christmas past. Tetrazzini, then 39, was a huge celebrity, the way movie stars and famous athletes are celebrities now. It was the Golden Age of Opera, the age of Enrico C...

'STILL PLENTY OF TIME LEFT'
Bridget G. Grimm was among the crush of Christmas shoppers making a last dash to Salmon Run Mall Thursday. The Black River resident had one goal: find a pair of jeans for each of her three sons and pick up a few Gift Cards for their coaches. Did she wait until the last minute? "Yes," she said with a laugh, while relaxing for a few minutes on a bench at the mall. "I'm a big procrastinator." Mrs. Grimm wasn't alone. The mall was full of shoppers looking to cross names off their gift list...

Arab OPEC ministers to meet as oil price tops $91
Will Oil Prices stabilize around $80? Cairo (Reuters) - Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an Oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel. A full conference of the Organization of the Petroleum Exporting Countries earlier this month elected to make no change to an output policy it has stuck to since December 2008. Since then Oil has maintained a more than 30 percent rally fr...

BYD to Announce Green Vision at NAIAS on January 10th
at the BYD booth in the Detroit COBO Center. BYD's "Three Green Dreams" focuses on Renewable Energy generation, environmentally-friendly energy storage and efficient Energy Consumption, covering solar power, Iron-phosphate energy storage and Electric Vehicles. BYD will present their short and long term "Green City Solutions" which includes plans to help cities electrify all Public Transportation, and reduce Air Pollution and Carbon Emissions at a low cost. BYD's pure-electric vehicle -- the e6 P...