The cost of the fuel has been rising in recent weeks and could spike this winter because of supply problems, analysts warn.
Category: Oil (Petroleum) and Gasoline
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Why High Interest Rates and Energy Prices Are Stressing the Economy
Treasury rates and oil and gasoline prices have been increasing, putting the Fed in a difficult spot, our columnist says.
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Wall Street on Edge After Worst Month of the Year
A series of potential problems, including rising oil prices and labor strikes, have prompted a much warier mood among investors.
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Oil Prices on a March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
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Britain to Allow Big North Sea Oil Field, Despite Climate Concerns
A go-ahead for a long-delayed $9.4 billion drilling project is expected to support the oil industry and provide energy security, but environmental advocates were outraged.
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As Fed Battles Inflation, the Dollar Keeps Its Swagger
The U.S. currency has been on a tear, and the Fed’s decision to keep interest rates steady is likely to keep the dollar “higher for longer,” our columnist says.
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$100 Oil Could Scramble the Fed’s Efforts to Ease Inflation
Goldman Sachs and others are predicting that crude will hit triple-digit prices, a scenario that could impact global economic growth.
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Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
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California Sues Oil Giants, Claiming Decades of Deception
Launching one of the most prominent climate lawsuits in the nation, the state claims Exxon, Shell, BP and others misled the public and seeks creation of a special fund to pay for recovery.