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Cheaper Gas Prices, but Less Demand
Amid a credit crunch that is decimating consumer psyches and spending power, gasoline demand has dropped nearly 10% from a year ago, even as crude oil prices have fallen.
Activities:2007-8 Oil Crisis Source:(BusinessWeek)
2008-10-08
Sour economy tied to psychology that fed gas panic
NASHVILLE, Tenn. - As anxiety on Wall Street led banks and other investors to hoard cash last week, a different kind of market fear gripped cities across the Southeast.
Nations:U.S. Thailand Activities:2007-8 Oil Crisis Source:(AP)
2008-09-28
Oil closes below $100 for first time in 6 months
NEW YORK - Oil prices closed below $100 a barrel for the first time in six months Monday, tumbling in another dramatic sell-off as the demise of Lehman Brothers and the sale of Merrill Lynch deepened worries about the U.S. economy.
Nations:Nigeria Mexico Activities:2007-8 Oil Crisis 2008 Hurricane Ike 2008 Hurricane Gustav
2008-09-15
Far from Ike's path, an aftershock is felt: $5 gas
HOUSTON - From Florida to Tennessee, and all the way up to Connecticut, people far from Hurricane Ike's destruction nonetheless felt one of its tell-tale aftershocks: gasoline prices that surged overnight -- to nearly $5 a gallon in some places.
Nations:U.S. Mexico Activities:2008 Hurricane Ike 2007-8 Oil Crisis 2008 Hurricane Gustav
2008-09-14
Far from Ike's path, an aftershock is felt: $5 gas
HOUSTON - From Florida to Tennessee, and all the way up to Connecticut, people far from Hurricane Ike's destruction nonetheless felt one of its tell-tale aftershocks: gasoline prices that surged overnight -- to nearly $5 a gallon in some places.
Nations:U.S. Mexico Activities:2008 Hurricane Ike
2008-09-14
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Matches Shown: | 1-50 | 51-100
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