Commodity Markets

Retail gasoline prices fell in California and across much of the nation over the last week, while crude oil recovered a little of the previous weeks' losses. The average cost of a gallon of regular gasoline in California fell 3.1 cents to $4.336 a...

Crude oil prices have rebounded slightly after falling last week to their lowest levels in six months. Retail gasoline prices were falling in California after a painful 18.6-cent jump over the last two weeks. Nationally, the average retail price for...

Americans depend on foreign imports of oil to the extent of at least 45 percent of our consumption. Nevertheless, TV ads claim that, sometime soon, America should reach independence of foreign oil. We are told shale drilling in the Northeast, Texas and...

CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their readiness to tap into emergency oil stockpiles quickly this summer if tougher new sanctions on Tehran threaten to...

Analysts said that a crude-oil glut from increasing domestic production and imports from Canada helped drive U.S. oil prices below $100. They added that a change in the flow of a key U.S. oil pipeline that begins this week could help reduce retail...

Los Angeles may be one of the first global cities to adopt a new electric freight trucking system, unveiled by electrical engineering giant Siemens Corp. last week at the 26th Electric Vehicle Symposium, or EVS26. The new technology, called eHighway,...

The lowest May gasoline supplies in the Western U.S. in 20 years have prices climbing again in most places west of the Rocky Mountains, even as they continue to fall across the rest of the nation. In California, pump prices for regular gas have jumped 13....

Average gasoline prices in California jumped 15.4 cents in just a week, according to the Energy Department. Analysts blame the rise on the lowest gasoline supplies for May in the western U.S. in 20 years. In California, the price for regular gas...

Lehigh Valley businesses will hire thousands of workers over the next several months, and the number of local jobs will surpass highs reached before the Great Recession hit five years ago, according to a report by Bethlehem economist Kamran Afshar....

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...

Falling energy and gasoline prices helped keep inflation in check last month and also pushed consumer confidence to a four-year high, according to two reports. An index of prices paid by factories, farms and other producers fell 0.2% in April from the...

The IntercontinentalExchange (ICE) kicked off the most aggressive challenge yet to the CME Group's 160-year dominance of agricultural markets on Sunday with the launch of five grain and oilseed futures. In a bid to wrest a chunk of the multibillion-...