Archive for December, 2008

Although retail gasoline prices have fallen 55% since mid-July, wholesale prices have plunged even more sharply — 68%, according to the Oil Price Information Service. As a result, retailers have enjoyed record profit margins since mid-September.

“Guess what? They’re making substantially more money at $1.89 (a gallon) than they were at $4.29,” says OPIS chief oil analyst Tom Kloza.

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By SANDY SHORE

DENVER (AP) — In the push toward more energy independence, massive infrastructure projects that will help to deliver it have clashed with cherished rights of land ownership.

Proven natural gas reserves have jumped 10 of the past 11 years, according to the Energy Department’s Energy Information Administration, and thousands of miles of new pipelines have snaked in every direction.

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