energy prices news stories on Newser

Glenn Beck's Advice: Sell Your Stuff!

Evann Gastaldo — Wed, 17 Nov 2010 08:06:47 CST

Now that Glenn Beck has convinced you to buy gold , he has a new directive: Sell all your stuff. Prices are going up, he said last night, and a study shows that the average American has $25,000 worth of things they're not using, Mediaite reports. So sell it, and...

Recession Pulls Plug on Electricity Prices

Rob Quinn — Wed, 12 Aug 2009 03:21:51 CDT

Electricity prices across America have nosedived amid an almost unprecedented fall in demand, the Wall Street Journal reports. Market prices are down up to 40% from the historic highs of last year, and are on course to keep plummeting. The lower prices aren't always seen by consumers immediately because of...

EU Slaps Gas Firms With $1.5B Fine for Price-Fixing

Jason Farago — Wed, 08 Jul 2009 05:48:00 CDT

The European Union's powerful competition commissioner slapped two energy companies with record fines of $1.53 billion today for cartel misbehavior. GDF Suez and E.ON, two of the world's biggest gas producers, colluded to avoid competition in French and German energy markets and drive up prices. It's the first...

Oil Surges Record $25/Barrel

Mon, 22 Sep 2008 14:23:08 CDT

Oil prices rocketed up more than $25 a barrel today, recording the biggest one-day price jump ever as anxiety over the government's $700 billion bailout plan, a weak dollar, and an expiring crude contract ignited a dramatic rally. Light, sweet crude for October delivery jumped as much as $25.45...

Oil Dips Below $100 for First Time in 5 Months

John Johnson — Fri, 12 Sep 2008 13:23:54 CDT

The price of crude oil slid briefly under $100 a barrel today for the first time in 5 months, Reuters reports. The development came even as Hurricane Ike bore down on the Texas coast and its many refineries; investors apparently think the slowing world economy will continue to drive down...

As Oil Costs Bubble, Alternative Heating Gets Hot

Jim O'Neill — Wed, 13 Aug 2008 09:35:02 CDT

Northeasterners expecting the price of heating oil to hit $4.35 a gallon are creating an avalanche of new business for heating and cooling contractors as they increasingly look to convert from oil heat to natural gas, reports the Wall Street Journal . A conversion to natural gas heat can cost...

Even Hedge Funds Start to Feel the Crunch

Sam Biddle — Mon, 04 Aug 2008 13:30:01 CDT

Hedge funds, usually known for beating the wider market, are taking a hit in the general financial slump, the Wall Street Journal reports. Though they're still outperforming the market for the year, early data suggest that trend might have reversed last month: One study of 60 funds shows them off...

Oil, Earnings Woes Key Retreat

Nick McMaster — Wed, 18 Jun 2008 15:34:36 CDT

The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to...

Fuel Prices Drive Spanish Truckers to Protest

M. Morris — Mon, 09 Jun 2008 16:40:57 CDT

Spanish truck drivers went on strike at midnight to protest skyrocketing fuel prices, erecting blockades across the country and snarling traffic on the border with France, the EiTB network reports. Drivers who attempted to continue operating found their tires slashed, windshields smashed and headlights destroyed. Fuel prices in Spain have...