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Oil Prices Jump to New Record High Associated Press Oil prices made their biggest single-day leap ever Friday -- clearing $139, dragging the Dow Jones industrials down nearly 400 points and raisin...
Gas prices that top $4 per gallon force consumers to take desperate measures to protect their pocketbooks.
In September 2006 people thought they were seeing things when they stumbled across gas for less than $2 per gallon.
In the weeks following the storm, thousands of complaints were filed with state attorneys general about price gouging. Note the prices on the signs in the attached video.
Hurricane Katrina was one of the strongest storms to impact the coast of the United States during the last 100 years. With sustained winds during landfall of 125 mph (110 kts) (a strong category 3...
Economists said fear and industrial development in countries like China were disrupting the global oil supply.
People were stunned in August 2003 to find that gas prices had increased to more than $1.60 per gallon. While experts blamed natural disasters or a blackout for the spike, not all consumers were bu...
Drivers headed out for a Labor Day trip had to look twice at pump in 2003. Experts blamed price spikes on a blackout in the northern states and a pipeline disruption.
Cheap gas may have seemed like a good thing for Americans in 1999. However, it was a sign of big trouble for the oil industry.
As 1998 came to a close, oil surplus contributed to lower oil prices. Gas stations took advantage of the cheap fuel and began competing in price wars.
A gas price war began in the later part of January of 1998. Many gas stations lowered their prices as much as 10 cents per gallon.
NAFTA Signed in December, 1992 and ratified by Congress in November, 1993. A state-by-state report on the impact of NAFTA (from the U.S. Government) is available at the link below).
Bill Clinton sworn in as the 42nd President of the United States.
Iraqi forces deliberately set hundreds of Kuwaiti oil wells on fire. The damage to equipment takes years to fully repair. After bottoming out in early March at $1.02 per gallon, U.S. gasoline pri...
U.S. and allied forces decide to end the diplomatic effort to expel Iraqi forces from Kuwait and launch Operation Desert Storm. To see more photos from the Gulf War, follow the link below.
As troops continue to pour into the Middle East, U.S. gasoline prices top out at and average of more than $1.34 per gallon.
Saddam Hussein invades Kuwait in August of 1990. The United States and its allies will eventually station more than half a million troops in Saudi Arabia under the code name "Operation Desert Stor...
