oil

DEARBORN, Mich. — AAA Michigan says gasoline prices have fallen about 28 cents a gallon over the past week to a statewide average of $3.89.

Gas prices had risen quickly across the country with Hurricane Ike leaving refineries and pipelines idled and destroying offshore platforms in the Gulf of Mexico. But prices eased amid the hurricane cleanup.

LONDON - Oil prices fell below $97 a barrel on Monday after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast.

My name is Evon Peter; I am a former Chief of the Neetsaii Gwich’in tribe from Arctic Village, Alaska and the current Executive Director of Native Movement. My organization provides culturally based leadership development through offices in Alaska and Arizona.

BARROW -- A gallon of unleaded gasoline: $10. Heating fuel: $9.10 a gallon. Electricity: $1.17 per kilowatt hour — 11 times the national average.

Some heavily taxed European nation or a time in the future when global fossil fuels have grown dangerously sparse?

Try right now in the most remote villages of America's 49th state.

BAGHDAD, Sept 3 (Reuters) - Iraq expects to gross $55 billion in a new 20-year oil deal it recently renegotiated with China, the government said on Wednesday.
"Iraqi gross revenues obtained in the contract will be $55 billion, equal to 87 percent of total revenues of $63 billion," government spokesman Ali al-Dabbagh said in a statement.

Republicans in Congress this June united to defeat a proposed windfall tax on oil companies, deriding it as a bad idea that would discourage investment in U.S. oil exploration.

Things worked out far differently in the GOP stronghold of Alaska, a state whose economic fate is closely tied to the oil industry.

NEW YORK (CNNMoney.com) -- Oil futures tumbled more than $7 on Tuesday after Hurricane Gustav hit the Gulf region with less force and apparently less damage than initially feared. Prices were also pulled lower by a strengthening dollar.

U.S. crude futures for October delivery were at $108.61, or $6.85 lower at 8:13 a.m. ET.

Road proposal riles activists in Roosevelt country

BISMARCK, N.D. - Plans to turn a secluded Badlands trail into a major road and river crossing might not have created such a stir if not for where it is: near the ranch where Theodore Roosevelt helped conceive the American conservation movement.

You might not know it looking across the topographically-challenged lakeside landscape, but there's probably oil under Oregon.

Bowling Green, too. And Cygnet, and Lima, and a whole crescent-shaped swath of northwest Ohio. There's also some under southern Michigan.

U.S. driving slid for the eighth straight month in June, making the decline more pronounced that the drop that occurred during the 1970s oil shock.

A record 1.6 million barrels a day in U.S. refined petroleum products were exported during the first four months of this year, up 33 percent from 1.2 million barrels a day over the same period in 2007. Shipments this February topped 1.8 million barrels a day for the first time during any month, according to final numbers from the Energy Department.

VIENNA, Austria - Oil prices sagged Friday as a strengthening dollar and worries about economic growth offset supply concerns over pipeline sabotage in Turkey that was claimed by Kurdish rebels.

ELK POINT, S.D. (AP) — Voters in this mostly agricultural corner of the Midwest have approved a proposal to build the first new U.S. oil refinery in more than 30 years.

Union County residents voted 58 percent to 42 percent Tuesday to endorse the rezoning of almost 3,300 acres of pristine farm land north of Elk Point for the oil refinery.

May 30 (Bloomberg) -- The U.S. Commodity Futures Trading
Commission, the watchdog for commodity transactions, is
investigating U.S. crude oil trading to determine whether the surge
in prices to record levels is the result of manipulation or fraud.

Fuel protests triggered by rising oil prices have spread to more countries across Europe, with thousands of fishermen on strike.

Union leaders said Portugal's entire coastal fleet stayed in port on
Friday, while in Spain, 7,000 fishermen held protests at the
agriculture ministry.

"BAGHDAD — Vice President Dick Cheney
made an unannounced trip Monday to Baghdad, where he plans to push
Iraqi political leaders toward opening the country’s vast oil fields to