Oil prices are now at a 12-year low. Prices have been very consistent this year: they have dropped every day. As they slide to going below $30 a barrel, service stations could be selling gasoline at $1 per gallon, a price not seen since 1999.
Jan 14, 2016 The New York Times
The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
Dec 30, 2015 AFP
What will it take for the electric car to become practical and economically feasible for the masses?
Oct 6, 2015 Fast Company
While many California were protesting oil trains carrying the hazardous Bakken crude, a funny thing happened—they stopped coming. While protests may have delayed the construction of new oil terminals, economics is at the root of the slowdown.
Mar 13, 2015 The Sacramento Bee
Just as plummeting oil prices have caused state and federal political leaders to consider raising gas taxes, leaders in developing nations, both oil producers and consumers, are considering reductions in national energy subsidies.
Feb 5, 2015 The New York Times
While U.S. motorists are enjoying the cheapest gas prices in five years, domestic oil producers are suffering, though not as badly as oil-exporting nations like Iran, Russia, and Venezuela. How are Texas, Louisiana, North Dakota, and Alaska faring?
Dec 29, 2014 The New York Times
The high cost of drilling for oil in the Arctic, combined with the lowest oil prices in five years, have caused Chevron Corp. to drop their test well drilling program in Canada's Beaufort Sea.
Dec 19, 2014 The Wall Street Journal
Oil prices are at a five-year low with gasoline prices averaging $2.67 a gallon, lowest since February 2010. Furthermore, they are expected to drop another 17 cents to $2.50 a gallon in time for Christmas, so why not raise the gas tax by a nickel?
Dec 10, 2014 The Atlantic
American motorists are enjoying the lowest gasoline prices in five years because OPEC chose not to reduce oil output in the hopes that decreased oil prices will be lower than the cost needed to frack oil from shale.
Dec 2, 2014 Vox
It's not a foregone conclusion that President Obama would veto a bill expected in the Senate next week to allow the construction of the Keystone XL pipeline. But if it were to pass and Obama signs it, would it be built? CNBC investigates.
Nov 15, 2014 CNBC