National Gas Price Drops Below $2.00 Per Gallon, 50% In Five Months

The price of a regular gallon of gas dropped to an average of $1.97 on Friday, the lowest price since March 4, 2005, according to the Lundberg Survey. By comparison, gas prices hit a high of $4.11 on July of this year, meaning the price has changed more than 50% since the summer. Additionally, the average price of… » 11/24/08 1:00pm 11/24/08 1:00pm

Oil Futures Close Below $70 A Barrel, Prices At The Pump Matching…

The futures price of a barrel of crude oil closed today at $69.85, down $4.69 a barrel since trading ended yesterday. This is the first time oil closed below $70 a barrel since June 2007, which forced us to ask the question: 'How much did a gallon of regular cost in June 2007?' Well, after a quick hunt we found the… » 10/16/08 6:20pm 10/16/08 6:20pm

Financiapocalypse Is The New Gaspocalypse

If you haven't been paying attention lately, the price of a barrel of crude oil has dropped over the last month, trading today at a 13-month low of $78.61 in mid-day trading. Analysts are pointing toward the continued disintegration of the financial markets which could lead to drops in global productivity and thus… » 10/10/08 3:20pm 10/10/08 3:20pm

Ford Stock Price Dips Below The Cost Of A Gallon Of Gas

Today, the price of a share of Ford stock dipped to $2.40 (as of 1:58 PM), the lowest price valuation on the automaker since 1983. In fact, at that price, we figure it's lower than the cost of a gallon of regular unleaded gas at any service station in the country. We decided we'd see if that was actually true. It… » 10/09/08 2:00pm 10/09/08 2:00pm

The Economy's Bad When Your Cocaine Bill Comes With A Fuel Surcharge

Anthony Salinas, 18, of Hammond, Indiana is just a businessman; He's got to watch out for his bottom line, and the rising price of gas has forced him to drop a fuel surcharge on top of what he sells — cocaine. It's not an ideal situation, but economic forces are driving up the cost of everything, and a small… » 9/18/08 4:40pm 9/18/08 4:40pm

Fuelly Offers Social Networking For The Mileage-Conscious, Green Dragons

Filling a need we didn't know we had until just now, a pair of developers have created a website that tracks your fill-ups in a community setting. Dubbed "Fuelly," because every web 2.0 application needs an adorably misspelled name, the site is actually quite fun and full-featured. Just add your car to the system and… » 8/26/08 2:20pm 8/26/08 2:20pm

Toyota Projects Gas Prices To Hit $5.00 By Middle Of Next Decade, We…

Toyota is basing its production plans on projections that US gas prices could rise as high as $5.00 a gallon as soon as 2015. The Japanese automaker also believes the full-size truck market will experience a significant recovery in the near future. Despite demand for its fuel-efficient Prius hybrid reaching an… » 8/15/08 11:20am 8/15/08 11:20am