Commodity Markets

NEW YORK (AP) — U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on...

SAN DIEGO -- The average price of a gallon of self-serve regular gasoline in San Diego County dropped 1.7 cents Sunday to $4.65, the sixth consecutive decline following a six-day streak of increases. The average price has dropped 7.4 cents over the...

SAN DIEGO-  Gov. Jerry Brown Sunday ordered California smog regulators to allow winter-blend gasoline to be sold in California this month, a move intended to reverse a sudden scare in the wholesale gasoline market that saw prices shoot up nearly 50...

With gas prices on the rise — up to $5 a gallon in certain places in California — Somerset residents are concerned about the price of gas in town. According to the AAA Daily Fuel Gauge Report, the state average for regular gas is $3.90,...

Tropical Storm Isaac is curtailing oil production along the Gulf of Mexicoand threatening refineries, which could send already rising gasoline prices up another 10 cents in the coming week. The U.S. Bureau of Safety and Environmental Enforcement, which...

Gas prices in Wichita and around the country are going up as soon-to-be Hurricane Isaac prepares to make landfall near New Orleans. Employees changed the signage at the QuikTrip at 37th & Rock Road just after ten Monday night. A gallon of unleaded is now...

NEW ORLEANS -- Gas prices shot up by nearly 5 cents a gallon nationwide Wednesday -- with one-day surges of as much as 14 cents in some states -- after Hurricane Isaac cut output from refineries along the Gulf Coast. But experts say the price spike is...

Health officials said Tuesday they have linked two more deaths to the heat wave and derecho storm that struck Maryland earlier this month, and heat contributed to three other deaths since that crisis ended. A Baltimore man and Worcester County man...

SAN DIEGO -- The average price of a gallon of self-serve regular gasoline in San Diego County rose Sunday for the 10th consecutive day, increasing 1.4 cents to $3.782. The average price has increased 10.6 cents over the past 10 days, including 1.3...

MINNEAPOLIS - Mick Schmiesing strides into the local rec center in a plaid shirt, Massey Ferguson tractor cap and old tennis shoes. It's auction day, and he's ready to make a play for 80 acres of soil in Blue Earth County, Minn. Bidding starts at $5,000...

WASHINGTON (AP)— U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended. The unemployment rate was unchanged at 8.2 percent, the Labor...

Oil prices are dropping -- down significantly from this past winter. The price of a barrel of Alaska crude closed at about $94 Monday. It was around $128 dollars in February. The decline helped drive gas prices as low as $3.99 a gallon in midtown...