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Chris Kahn

Summer gasoline prices to be less than forecast

Last updated Tuesday, May 8, 2012 - 1:31pm

NEW YORK -- The government says gasoline will be cheaper this summer than previously expected thanks to a drop in the price of oil.

Business, Gas Prices Read more Comments

(REED SAXON/The Associated Press) A bicyclist passes a gas station with fuel prices in the $4 range in Los Angeles on Monday.

Passing on the pump: Americans are cutting back on high-priced gas

Chris Kahn, The Associated Press

Last updated Monday, April 11, 2011 - 9:37pm

NEW YORK -- Soaring gas prices are starting to take a toll on American drivers.

Across the country, people are pumping less into the tank, reversing what had been a steady increase in demand for fuel. For five weeks in a row, they have bought less gas than they did a year ago.

Drivers bought about 2.4 million fewer gallons for the week of April 1, a 3.6 percent drop from last year, according to MasterCard SpendingPulse, which tracks the volume of gas sold at 140,000 service stations nationwide.

Business, Economy, Gas Prices, Oil cleanup, Oil industry, Recession, Featured Read more Comments

MICHAEL SPOONEYBARGER/The Associated Press
In a June 23 file photo, crews work to clean up oil from the Deepwater Horizon oil spill washed ashore at Pensacola Beach in Pensacola, Fla. As the Gulf oil spill gushed out of control this summer, BP’s financial liabilities expanded so rapidly that experts wondered if the company had drilled its last well. Only months later, though, the British oil giant has pulled itself back from the brink.

BP's spill costs now look manageable

Chris Kahn The Associated Press

Last updated Wednesday, December 29, 2010 - 9:56pm

NEW YORK -- As the Gulf oil spill gushed out of control, BP's financial liabilities seemed big enough to sink the company. No more.

Business, Economy, Gas Prices, Oil spill Read more Comments

(ROB CARR/The Associated Press) A natural gas platform is shown off the coast of Fort Morgan, Ala. Rules created in the wake of the BP disaster have halted projects at safer depths.

Moratorium impacts shallow-water drilling

Chris Kahn, David Koenig, The Associated Press

Last updated Tuesday, September 14, 2010 - 6:59pm

The drilling moratorium enacted after the BP oil spill applies only to the deepwater Gulf of Mexico. Yet energy exploration in the Gulf's shallow waters has come to a virtual standstill as drillers grapple with tougher federal rules since the spill.

Business, Energy, Economy, National Government Read more Comments