Commodity Markets

Chevron profit down 4.5% on lower oil prices

2013-04-26 06:50:27

Chevron Corp.'s net income fell 4.5 percent in the first quarter as oil prices fell and refinery output fell. Chevron, the second largest U.S. oil company, has seen better profit margins than the other energy majors in recent years because a big part of...

A regulation that might actually reduce California gasoline prices

2013-04-18 07:35:00

California's strict low-carbon fuel standard could help reduce gasoline prices in the state, the opposite of what many have predicted, by encouraging the use of a relatively cheap and relatively clean U.S. crude oil, some experts now say. The standard...

Oil revenue fuels intense fighting among Alaska lawmakers

2013-03-30 21:51:00

JUNEAU, Alaska — Over most of the last several decades, Alaska's North Slope was America's energy powerhouse. The legendary oil fields of Prudhoe Bay and Kuparuk gushed 2 million barrels a day out of the frozen tundra and down the Trans-Alaska...

California gas prices peak; pump pain changes U.S. driving habits

2013-02-28 12:48:00

California gasoline prices may have already peaked for the first half of the year and should head lower soon, analysts said. Meanwhile, nationwide gasoline price averages over the first two months of the year rose at such a blistering rate that...

Surge in vegetable prices pushed up wholesale inflation in January

2013-02-20 07:19:00

WASHINGTON -- A sharp jump in the cost of vegetables led wholesale prices to rise at a seasonally adjusted rate of 0.2% in January compared with the previous month, the biggest increase since the summer, the Labor Department said Wednesday. The Producer...

Inflation check: Energy prices fall most since 2009 on gas plunge

2012-12-13 08:49:00

Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged. In its deepest dip since May, the Labor Department’s producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1%...

U.S. motorists on pace to spend a record sum on gasoline in 2012

2012-11-28 12:12:00

The average price of a gallon of regular gasoline in the U.S. this year never reached the highs seen in 2008, when the all-time record of $4.114 was reached. The 2012 average never even climbed as high as it was last year, when it hit $3.965, according to...

Alvin Roth, Nobel matchmaker

2012-11-13 16:44:00

Alvin Roth earned his 2012 Nobel Prize in economics for market design and matching theory — creating ways to pair "buyers" and "sellers" happily and fairly when price isn't a primary consideration. For instance? Kidney exchanges, in which cost can't...

U.S. exempts seven countries that consume Iran oil from sanctions

2012-06-11 16:39:39

Gas prices keep inflation tame, push confidence to four-year high

2012-05-11 08:32:00

Falling energy and gas prices helped keep inflation in check last month and also pushed consumer confidence to a four-year high, according to two reports Friday. The good news helped mitigate a stock market slump earlier in the day after investors...

Food is getting more expensive internationally, says World Bank

2012-04-25 10:40:00

The cost of food around the world is rising again, due to bad weather, soaring oil costs and strong demand in Asia for imports, according to the World Bank. Global food prices soared 8% between December and March after dipping late last year from...

Higher oil prices boost Exxon's profit 2%

2012-01-31 12:33:00

Consumer prices fell last month, thanks to lower oil prices. Employee Rudy Rocha delivers gas to a Costco gas station in Tustin.

2013-04-16 06:51:32

Police arrest a protester during clashes at a demonstration against the oil price increase in Yogyakarta. Indonesia announced that it is considering raising fuel prices or lowering the current subsidy to private vehicles, in anticipation of rising global oil prices.

2012-03-19 00:00:00

. Following continued negative financial news out of Europe and Greece, oil prices were trading in negative territory after dropping to a six-month low.

2011-06-20 00:00:00