United Airlines parent UAL Corp. stock soared 68% Tuesday after it reported a second-quarter net loss of $2.7 billion Tuesday due to the soaring price of fuel and announced thousands of new job cuts.
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.
United Airlines parent UAL Corp. stock soared 68% Tuesday after it reported a second-quarter net loss of $2.7 billion Tuesday due to the soaring price of fuel and announced thousands of new job cuts.
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere
The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere.
Thousands of layoffs, hundreds of grounded planes and 21 price increases may not have been enough to save the embattled airline industry from the damaging effects of high fuel prices.
Oil prices extended a post-July 4th descent Tuesday - falling more than $9 a barrel over two days - as Iran's president downplayed concerns about possible war in the Middle East and investors anticipated falling demand due to high gasoline prices.
Mikhail Glikberg remembers when he made a decent living as a taxi driver in Boston. He could work a 12-hour shift and take home up to $80 a day after expenses.
Many Americans will watch fireworks at home instead of hitting the road this July 4, according to a new poll released Wednesday, as record gasoline prices force people to make major changes in their daily lives.
When Oliver Muigonade pulled his 28-foot open fisherman alongside the dock to fill up before heading for open water, the pump didn't stop until it hit nearly $800.
Retail gas prices and crude oil futures reached record highs Monday amid a backdrop of Mideast tensions and dollar concerns, but crude ended the day lower.
Fed up with record gas prices, drivers often scapegoat big oil companies for high prices at the pump, but in a recent survey, more Americans directed their scorn towards Washington lawmakers.
Gas prices have fallen for the third consecutive day this week while diesel prices have risen, according to a daily survey released Wednesday by motorist group AAA.
Retail gas prices have slipped, heading slightly lower after climbing late last week, according to a daily survey released Monday by motorist group AAA.
Gas prices have reversed course, heading moderately higher after falling for three consecutive days, according to a daily survey released Friday by motorist group AAA.
Gas prices have fallen for the third day in a row, backing further away from recent highs, according to a daily survey released Thursday by motorist group AAA.
A day after Northwest Airlines announced it was scaling back domestic flights, Delta Air Lines did the same Wednesday -- announcing a 3 percent cut for the second half of 2008.
President Bush and John McCain have both called for lifting a ban on offshore drilling. At a time of soaring gas prices, the idea is popular -- but unlikely to help much
Ever wonder why everything at the grocery store seems to cost more these days? Blame it on, what else? - the price of fuel. The cost of shipping food is skyrocketing. And it's a domino effect from the farmer, to the shippers, to your local restaurants and supermarkets.
Retail gasoline prices have eased for the second day in a row, retreating slightly from their record high, according to a daily survey released Wednesday by auto club AAA.
Continued flooding in Iowa and Illinois - the nation's top two corn-growing states - is inciting fears that the cost of the high-priced crop could soar even further, driving up ethanol and gas prices, too.
Rising fuel prices led to protests on opposite sides of the globe Friday, with fuel tanker drivers starting a four-day strike in Britain and truck drivers holding protests across South Korea.
As the battered airlines cut flights to save on fuel-related costs, passengers can bid bon voyage to discount flights to sunny vacation destinations like Florida, experts say.
Retail gas prices have risen to yet another record, with half the states in the nation paying more than $4 a gallon on average, auto group AAA's Web site showed Wednesday.
Crude prices lost more than $3 a barrel Tuesday on a strengthened dollar and a report showing increased output from Saudi Arabia and OPEC, while gasoline reached another record high average that stretched above the $4-a-gallon threshold.
Before departing the White House early Monday for a farewell tour of Europe, President Bush stole a page from his predecessor and suggested he feels American consumers' pain.
Oil shed more than $4 off the price of a barrel Monday after a Saudi Minister called for international dialog on prices. Meanwhile, gasoline prices extended their rally over the $4 a gallon barrier.
Oil prices dipped below $122 Wednesday, pushed down by a government report that said supplies of gasoline increased much more than expected last week. But industry experts are mixed as to how long it will be until consumers feel any relief at the pump.
Get ready for higher airfares and get used to those crowded planes as rising oil prices force airlines to face the grim prospects of finding ways to deal with multi-billion dollar fuel bills.
Rising oil and gas prices have lawmakers and consumers scrambling for solutions, but it is unclear whether anything can be done to lower energy costs in the short term, experts say.
Batten down the hatches: hurricane season starts on June 1. It's expected to be a rough one, threatening to upend refineries and disrupt pipelines in the southern United States.
The price that your parents pay to fill up the family car is rising. Ever stop to think about what's behind the price at the pump? Here's a look at where the money goes when you buy a gallon of regular gasoline. (The percentages cited below, which are from the Energy Information Administration, may vary by month. This data is as of April 2008.)
Oil prices dropped below $129 a barrel Tuesday, falling sharply on a growing sense that soaring gas and oil prices have cut demand for fuel during the normally busy summer driving season
As if high fuel prices aren't enough, airlines and passengers are getting pinched by rising taxes as the U.S. government demands a bigger piece of the pie.
For the first time since just after the Sept. 11 attacks, Americans plan to drive less on Memorial Day weekend than they did the year before, with high gasoline prices in a weak economy a prime reason, according to a AAA study released Thursday.
Consumers had to shell out more for goods, services and especially food in April, according to a government report released Wednesday, but the rise was lower than expected.
Americans are feeling a lot more economic pain than the government's official statistics would lead you to believe, according to a growing number of experts.
The House of Representatives voted to direct the Bush administration to stop filling the strategic petroleum reserve temporarily in an effort to alleviate increasing gas prices.
The soaring price of gas has convinced New Jersey resident Eric Scott to trade the comfort of his car for a seat on the train every morning after 17 years of driving to the office.
After a two-week climb in gasoline prices, there appeared to be some short-term moderation Monday - but another run at the record high set last week seems likely, two surveys indicated.
Noel Bosse and Ken Davis watch as the numbers keep spinning at the gas pump -- 70 bucks, 80 bucks. Gulp, guzzle, then it stops: $101 for about 25 gallons.
Amid record gas prices and a faltering economy, Sen. John McCain called for suspending the federal gas tax Tuesday - a call that was met with skepticism from many experts.
It's costing us more and more money to fill up the gas tank. And while that's unlikely to change anytime soon, there are some tricks to getting the most value per gas dollar.
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