SAUDI ARABIA - King Abdullah has blamed soaring oil prices on speculators, high fuel taxes in consuming countries and increased consumption in developing countries. ...more

June 22, 2008

It's frustrating enough when gas prices soar due to the unseen forces of global supply and demand. But it's downright unfair when Wall Street speculators contribute to rising prices at the pump. ...more

June 13, 2008

WASHINGTON - A leading congressional proponent of opening up offshore oil drilling closer to Florida's Gulf Coast promised to continue his fight Wednesday, after being dealt yet another defeat. A Democratic-controlled House panel voted 9 to 6 in a party-line vote against lifting the 27-year-old offshore drilling moratorium, at a time when gasoline prices are expected to float at or above $4-a-gallon for the rest of the summer. ...more

June 11, 2008

The surge in oil prices is translating into even higher costs for air travelers as well as drivers. ...more

June 10, 2008

The average price of regular gas crept up to $4 a gallon nationally for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season. ...more

June 9, 2008

The biggest rise in the unemployment rate since 1986 is an "aberration" and investors who sold equities Friday are "completely misreading" the outlook for economic growth, according to JPMorgan Chase & Co. ...more

June 7, 2008

President Bush is considering new measures to help stimulate the battered economy, the White House said Friday as unemployment and oil prices soared and Wall Street sank. ...more

June 7, 2008

Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said. ...more

June 4, 2008

United Airlines scrapped its latest attempt to combine with US Airways and create the world's largest carrier, formally backing away Friday from a deal that likely would have meant fewer routes and higher ticket prices for consumers. ...more

May 31, 2008

Next time you face sticker shock at the gas pump over a $4 gallon of gas, check out your pension fund's investments. They may explain much about the surge in oil prices. ...more

May 31, 2008