1,000 barrels of oil are generally included in a futures contract, with each barrel containing 55 gallons of oil. Most price speculators don’t have space to store 55,000 gallons of oil and are ...

Here’s a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes. Members of the ...

The price of crude oil jumped to $80 a barrel last week and that's pushing pump prices higher in 45 states, including Oregon.

Average prices have exceeded $3.20 per gallon since mid-January. Sunday’s per-gallon state average of $3.22 was 3 cents more ...

In documents submitted to the federal government, Enbridge said Line 6 failed because of old, faulty equipment ...

AAA Reports Rising Oil Costs Bring Gas Prices Along for The Ride – California at $4.43 Rises 5 Cents Week-Over-Week ...

According to the AAA Arkansas Weekend Gas Watch, the statewide gas price average in The Natural State is $2.72 for a gallon ...

The national average for a gallon of gas has climbed by four cents in the past week to $3.10, driven by rising oil prices ...

Gas prices are on the rise. The national average for a gallon of gas increased 4 cents in the past week to $3.11. In Delaware the price increased 9 cents to an average of $3.13. Crude oil also ...