Energy, Gas | featured news

U.S. retail sales rose in September as Americans bought more cars and gasoline, while a gauge of consumer spending pointed to stronger-than-expected economic growth in the third quarter.

For the fourth straight day, California has a new record for gasoline prices, but the rise has apparently lost nearly all of its momentum.

Since June, gasoline prices have climbed more or less steadily and are now 35 cents per gallon higher than they were a year ago. According to AAA’s daily fuel gauge report, which measures gas prices around the country, gas prices have hit daily record highs at least once in each of the past six weeks. In Michigan and Ohio, prices rose by 50 cents per gallon in the past year. As of Oct. 1, there were seven states with gas prices above $4 per gallon.

Gasoline prices in California rose to another all-time high on Sunday after passing a four-year high a day earlier, according to AAA....

California's average gasoline prices rose 13 cents to $4.26 in the second quarter of 2012, a 3.1 percent increase compared to last year's second quarter average price of $4.13 according to the U.S. Energy Information Administration (EIA). Even as oil prices drop to some of its lowest levels at $88 per barrel.

The average U.S. price of a gallon of gasoline dipped by less than one penny - about a third of a cent - over the past two weeks....

Americans are not happy with the government. But for the first time in a long while, it is not the most hated industry in the country. That honor now belongs to the oil and gas industry.

Gas prices have jumped again nationwide, according to a survey published Sunday. he average price for a gallon of regular is now $3.76 -- up nearly seven cents from two weeks ago, the Lundberg Survey found.

Even as President Barack Obama considers using U.S. oil stockpiles to halt rising gasoline costs in an election year, a Reuters/Ipsos poll released on Tuesday shows economic pain at the pump is not a big concern for voters.

Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey published Sunday. The average cost of a gallon of regular is $3.69 nationwide, the Lundberg Survey found. That's nearly 8 cents higher than a year ago, but still 28 cents lower than it was in April of this year.