The price of gas could continue to slide, but not by much. The Organization of the Petroleum Exporting Countries (OPEC) announced Wednesday in Algeria it would cut crude oil production by more than 2 million barrels per day. ...more

December 18, 2008

The Organization of the Petroleum Exporting Countries on Saturday delayed a decision on whether to cut the cartel's oil output, but demand that is falling in the United States and unexpectedly weak in China makes it likely that the group will lower production at its Dec. 17 meeting in Algeria, analysts and OPEC ministers said. ...more

November 30, 2008

Gas prices have dropped by more than $1 per gallon in the last month, but motorists are not feeling any richer just yet. ...more

October 27, 2008

As the national average price of gasoline raced toward $4 a gallon and airlines laid off workers by the thousands because of rising jet fuel costs, the U.S. House of Representatives took action: It overwhelmingly passed the Gas Price Relief for Consumers Act of 2008. ...more

June 25, 2008

Back in 2005, in an apparent flight of fancy, analysts at Goldman Sachs predicted a "super-spike" in the oil price to $105 a barrel. In the last few days, the prediction came as close as it ever has to fulfillment. ...more

November 12, 2007

Oil futures rallied to a new record of more than $88 a barrel Tuesday on concerns about disruptions to Middle Eastern crude supplies and a growing view that domestic supplies are not sufficient to meet fourth-quarter demand. ...more

October 17, 2007