WASHINGTON (AP) — Consumers paid less for gas, cars and computers last month, as overall prices dropped for the first time since June. Inflation is easing after prices rose sharply this spring. (more)
More than a month after the Obama administration said it would tap the country’s emergency oil reserve to try to combat supply disruptions in the Middle East, gas prices at the pump actually have risen 10 cents. (more)
Exxon Mobil on Thursday reported a profit of $10.7 billion in the second quarter, up 41% from the prior year, driven by higher gas prices. (more)
The White House decision to sell 30 million barrels of oil from the Strategic Petroleum Reserve has failed to stop the upward march of oil prices, or to stimulate the economy. (more)
The White House announced today a large-scale release of oil from the Strategic Petroleum Reserve. (more)
The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a report by Republicans on the congressional Joint Economic Committee report. (more)
Just as America marked the first anniversary of the president’s blanket moratorium on all deepwater oil exploration in the Gulf of Mexico, we learned exactly how his administration manipulated its regulators to keep oil drilling idle for more than a year. (more)
Consumer demand for gasoline in the United States last week picked up by 3.1 percent, boosted ahead of the long Memorial Day weekend and by a dip in pump prices, the MasterCard Advisors’ SpendingPulse report showed on Wednesday. (more)
Increasing the federal gas tax should be considered to pay for a new transportation bill, a key Democrat said Tuesday. (more)
There has been quite a bit of talk about whether the killing of Osama bin Laden will increase President Obama’s chances of winning the 2012 election. A New York Times/CBS News poll this week revealed that “57 percent said they now approved of the president’s job performance, up from 46 percent last month.” However, The New York Times also rightfully noted, “It is common for presidents to see their poll numbers shoot up after major military or foreign policy successes. But they usually do not sustain the ratings . . . Mr. Bush’s bump [after the capture of Saddam Hussein] evaporated within a month.” (more)
The latest Democratic effort to raise taxes on oil and gas companies by eliminating credits and write-offs might make people feel better about hitting back at companies that charge big money for a gallon of gas, but it will do little to lower the cost, and could even lead to higher prices, energy policy experts say. (more)
Summertime is approaching, but the livin’ ain’t easy, not with gas at over $4 a gallon. Will President Obama take action to reduce gas prices? I’m not optimistic. (more)
Speaker of the House John Boehner rejected calls by Democrats for a vote on legislation to repeal tax breaks and subsidies for oil companies Thursday. (more)
Exxon Mobil Corp. (XOM), the world’s largest company by market value, posted its largest profit in almost three years as soaring gasoline prices fueled discontent among consumers and policymakers. (more)
ExxonMobil Corp. released its first-quarter profit figures Thursday. The results will only add fuel to the fire for calls to end subsidies to oil companies and investigate price gouging as costs at the pump continue to rise. (more)
Over the course of the last two years, the cost of energy has skyrocketed. Since President Barack Obama took office, gas prices have doubled — with some cities averaging over $4 per gallon. These increases are crippling small businesses and American families. In fact, seven out of ten Americans indicate that the rising cost of energy has brought them financial hardships, according to a Washington Post/ABC News poll. (more)
WASHINGTON (AP) — The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now. (more)
The average American may be paying 36 percent more for a gallon of gas than he or she did last year, but Federal Reserve Chairman Ben Bernanke will likely tell reporters on Wednesday that prices in the U.S. are under control. (more)
I was back at Fenway Park a few weeks ago for the pilgrimage to Opening Day that my father, brother, brother-in-law and I undertake every year. If I were commissioner of baseball, I would mandate that all stadiums must go back to the days where the only music played emanated from an organ. (more)

























