In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »

For every 1 cent drop in gas prices, Americans save about $3.7 million.  More »

Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange.  More »

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »

Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.  More »

Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.  More »

Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share.  More »

The bonus at the pumps represents the biggest benefit to consumers to date from a record boom in domestic oil production that has contributed to a global crude glut and helped bring down international prices.  More »

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand.  More »

Oil for December delivery rose 42 cents, or 0.5 percent, to settle at $81.42 a barrel on the New York Mercantile Exchange.  More »

The shale oil boom is proving far less kind to Mercedes-Benz drivers than it is to those sitting behind the wheel of a Toyota Camry or Chevrolet Impala.  More »