http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 20 Nov 2008 3:51:08 CSThttp://www.newser.com/story/43024/cheaper-oil-likely-to-stay-awhile.html?refid=rss_all_defaultOil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason . Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government mandates, made in response to the surge in oil prices, are likely to curb demand in the US for years.http://www.newser.com/story/43024/cheaper-oil-likely-to-stay-awhile.html?refid=rss_all_defaultTue, 18 Nov 2008 14:12:23 CSThttp://www.newser.com/story/42837/salt-deficit-may-make-this-scary.html?refid=rss_all_defaultCity officials in the Midwest are struggling to prepare for another season of heavy snowfall as road salt supplies drop and prices surge, the Los Angeles Times reports. High demand and once-high gas charges have boosted salt prices, but the spike from $40 to $140 per ton seems exorbitant to some Illinois and Indiana politicos, who have demanded price-fixing probes.http://www.newser.com/story/42837/salt-deficit-may-make-this-scary.html?refid=rss_all_defaultSun, 16 Nov 2008 14:18:04 CSThttp://www.newser.com/story/41314/exxon-mobil-shatters-own-record-with-14b-profit.html?refid=rss_all_defaultExxon Mobil breezed by its own record for the biggest quarterly profit for a US corporation, earning $14.83 billion in the third quarter. Bolstered by this summer's record crude prices, net income jumped nearly 58%, or $2.86 a share, for the world's largest publicly traded oil company. Exxon set the previous record for US corporate profit in the quarter prior, when it earned $11.68 billion.http://www.newser.com/story/41314/exxon-mobil-shatters-own-record-with-14b-profit.html?refid=rss_all_defaultThu, 30 Oct 2008 7:56:58 CDThttp://www.newser.com/story/40960/gas-prices-in-record-fall.html?refid=rss_all_defaultGasoline prices have dropped 53 cents in the last two weeks, the steepest decline ever, according to the nationwide Lundberg Survey. The national average price for a gallon of regular unleaded is $2.78, Reuters reports. Wichita, Kansas, has the cheapest gasoline, at $2.26 a gallon, and San Francisco gas is the most expensive, at $3.37.http://www.newser.com/story/40960/gas-prices-in-record-fall.html?refid=rss_all_defaultSun, 26 Oct 2008 22:06:13 CDThttp://www.newser.com/story/40797/opec-slashes-15m-barrels-a-day-to-boost-oil-prices.html?refid=rss_all_defaultOPEC today decided to take 1.5 million barrels of oil per day off the markets to boost prices flirting with 16-month lows, the Wall Street Journal reports. The deep cut will take effect next month. “This slowdown in oil demand is serving to exacerbate the situation in a market which has been oversupplied for some time,” OPEC said in a statement.http://www.newser.com/story/40797/opec-slashes-15m-barrels-a-day-to-boost-oil-prices.html?refid=rss_all_defaultFri, 24 Oct 2008 6:47:42 CDThttp://www.newser.com/story/40701/insurance-guzzles-savings-from-fuel-efficient-cars.html?refid=rss_all_defaultThink you’re saving money by driving that small, fuel-efficient car you traded in your SUV for? Maybe, but you’re probably paying more for your insurance—a lot more, reports the Wall Street Journal . In accidents, small cars tend to sustain more damage, and occupants more injures, than larger vehicles. Hence a Honda Civic, for example, incurs higher premiums than the company’s larger SUV CR-V.http://www.newser.com/story/40701/insurance-guzzles-savings-from-fuel-efficient-cars.html?refid=rss_all_defaultThu, 23 Oct 2008 9:16:11 CDThttp://www.newser.com/story/40588/opec-panics-as-oil-plunges.html?refid=rss_all_defaultEarlier this year the nations of OPEC were riding high as booming economic growth and tight supplies buoyed crude above $100. But now a barrel of oil is $70 and dropping fast, and frightened petroleum producers are holding an emergency meeting this week to discuss a production cut. As the New York Times reports, a global fall in demand could have major repercussions for nations that have profited from the black gold.http://www.newser.com/story/40588/opec-panics-as-oil-plunges.html?refid=rss_all_defaultWed, 22 Oct 2008 8:26:56 CDThttp://www.newser.com/story/40453/gas-prices-lowest-in-year.html?refid=rss_all_defaultThe price of gasoline has dropped to its lowest level in a year, Reuters reports. The national average price for a gallon of regular unleaded is $2.91, a drop of 57 cents per gallon in just the last two weeks. Gas is most expensive in San Francisco, at $3.49 a gallon, but is under $3 in most major cities.http://www.newser.com/story/40453/gas-prices-lowest-in-year.html?refid=rss_all_defaultMon, 20 Oct 2008 22:16:32 CDThttp://www.newser.com/story/40398/falling-gas-prices-could-put-electric-car-back-in-neutral.html?refid=rss_all_defaultCar companies are revving up work on alternative energy vehicles, responding to higher oil prices that, well, don’t actually exist just now. New cars take about 5 years to roll out, meaning the auto industry can’t nimbly react to price changes: Oil, which cost $130 a barrel just 4 months ago, now hangs close to $70, creating fears that $2.50 gas will quash demand when the cars eventually roll off the line, the Washington Post reports.http://www.newser.com/story/40398/falling-gas-prices-could-put-electric-car-back-in-neutral.html?refid=rss_all_defaultMon, 20 Oct 2008 7:43:48 CDT