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Archive for category: Economy

You are here: Home / Featured / Economy
Fuel Freedom Staff

NTSB signals possible slowdown in rail shipments of crude

September 8, 2015
Source: Reuters
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator.

Fuel Freedom Staff

Labor Day drivers to enjoy lowest gas prices since 2004

September 3, 2015
Source: The Associated Press
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

It has been more than a decade since U.S. drivers paid so little to fuel up for that last road trip of summer.

Fuel Freedom Staff

U.S. crude jumps 6 percent in second day of short-covering frenzy

August 28, 2015
Source: Reuters
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil.

Fuel Freedom Staff

How the American oil industry got its start

August 28, 2015
Source: TIME
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

Aug. 27, 1859: Edwin Drake strikes oil in Pennsylvania with the first commercial well in the U.S.

Fuel Freedom Staff

Oil jumps back above $40 per barrel in largest gain since 2009

August 27, 2015
Source: The Houston Chronicle
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

Clouds parted on the crude oil markets Thursday, as a nearly universal rally on the global equity markets pushed oil back above $40 per barrel and to its largest single-day gain since 2009.

Fuel Freedom Staff

Michigan AG wants answers from BP on spiking gas prices

August 26, 2015
Source: The Chesterton (Ind.) Tribune
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

The Michigan Attorney General is warning gas stations in his state not to gouge consumers in the wake of a BP refinery outage in Whiting.

Fuel Freedom Staff

From Venezuela to Iraq to Russia, oil price drops raise fears of unrest

August 25, 2015
Source: The New York Times
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

Oil, the lifeblood of many countries that produce and sell it, appears to be rapidly turning into an ever-cheaper economic curse.

Fuel Freedom Staff

Plunging oil prices may have people dancing on OPEC’s grave, but geopolitical havoc is the price we’ll pay

August 25, 2015
Source: Quartz
/in Economy, What's The Buzz staff /by Fuel Freedom Staff
Fuel Freedom Staff

Oil’s drop puts spotlight on Saudi Arabia

August 25, 2015
Source: The Wall Street Journal
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once looked solid doesn’t look so steady anymore, mainly due to concerns about China.

Fuel Freedom Staff

Oil settles below $40 per barrel amid wider rout

August 24, 2015
Source: The Houston Chronicle
/in Economy, What's The Buzz staff /by Fuel Freedom Staff

Oil plunged to as low as $37 per barrel early Monday, as concerns about the world’s economic health led to a dramatic selloff on markets and stock indexes around the world.

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