Aug 31 Rick Perry releases 500,000 barrels of crude oil to prevent spike in gas prices By Matthew Daly, Associated Press The petroleum reserve was created in the wake of the 1970s Arab oil embargo and stores oil at four underground sites in Texas and Louisiana. Continue reading
Sep 18 Watch 4:41 What caused a gas pipeline leak in Alabama? By PBS News Hour The price of a gallon of gas is expected to go up this week along the East Coast, due to a leaky gas pipeline in Alabama. The pipeline delivers more than a million barrels of gasoline every day from Gulf… Continue watching
Jan 18 Gas prices fall below $1 in one Michigan town By Kamaria Roberts Plunging oil prices and a local bidding war drove gas prices to less than $1 in one central Michigan town Sunday. Continue reading
Oct 11 Social Security recipients can expect no benefit increase next year By Stephen Ohlemacher, Associated Press For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. Continue reading
Jan 15 Despite low gas prices, gas tax hike appears unlikely By Joan Lowy, Associated Press With gasoline prices at their lowest in years when the new Congress convened, there had been talk that it might be time to raise federal gas and diesel taxes, which haven't budged in more than 20 years. Continue reading
Jan 12 Watch 5:28 How automakers and car buyers are responding to low gas prices By PBS News Hour Since last year’s Detroit Auto Show, gas prices have dropped by nearly a third. With the new lower prices, demand has gone up for big new SUVs and sedans, but automakers have also switched gears to develop more fuel-efficient cars. Continue watching
Dec 28 Watch 4:03 Did plunging gas prices boost holiday spending? By PBS News Hour Ever since oil prices started falling, experts have predicted that consumers would use the extra money saved to spend more on holiday gifts. Did that happen? Sara Germano of the Wall Street Journal joins Hari Sreenivasan from Albany with the… Continue watching
Dec 13 Watch 4:23 Is there a down side to the recent plunge in oil prices? By PBS News Hour Over the last few weeks, the price of oil has dropped dramatically. While this may be good news for consumers, for Wall Street the numbers tell a different story. The Wall Street Journal's Nick Timiraos joins Hari Sreenivasan from Washington,… Continue watching
Apr 03 Watch Why Auto Sales Surge Even as Gas Prices Rise Auto industry sales jumped 6 percent in March with almost 1.4 million new cars and trucks sold -- the highest number since 2008, according to new reports released Tuesday amid Detroit's $200 million deficit. Gwen Ifill and David Shepardson of… Continue watching