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Oil has fallen by nearly half, to recession levels, as US economy improves

Oil supplies have increased while prices at the pump decrease by half. Here's why and what you need to know.

http://chronicle.augusta.com/news/business/2014-12-15/oil-has-fallen-nearly-half
US stocks gain as the price of crude oil rebounds

...climbing $1.49 to $78.68 a barrel on a smaller-than-expected increase in overall U.S. oil supplies and a surprise decline in oil supplies at the main U.S. trading hub in Cushing, Okla. Brent crude, a benchmark for international...

http://chronicle.augusta.com/news/business/2014-11-05/us-stocks-gain-price-crude
Georgia gas prices expected to remain below $3

...common for motorists to find gasoline cheaper than $3 a gallon."The decreases are due to low demand and high domestic oil supplies, according to a AAA news release. Georgia's average is $3.19, or 10 cents cheaper than last week. It is expected...

http://chronicle.augusta.com/latest-news/2014-10-13/georgia-gas-prices-expected-
Here's more thanks

...appreciating the obvious threat these Mideast events pose to Israel.Thanks for not acknowledging the certain disruption of oil supply to the West and the subsequent economic calamities that are sure to follow. It's another step towards socialism...

http://chronicle.augusta.com/opinion/letters/2014-07-06/heres-more-thanks
Georgia, South Carolina authorities to target impaired drivers during Labor Day weekend

...the Middle East is not expected to push gas prices higher as analysts have assessed the potential for a disruption of oil supply to be limited," Parsons said.While residents are saving money, state troopers in Georgia and South Carolina are...

http://chronicle.augusta.com/news/business/2014-08-27/georgia-south-carolina-aut
Oil prices might fall on easing tensions with Iran

...because traders worried that the heightened tensions between Iran and the West would lead to a sudden interruption of oil supplies. Iran in the past has threated to block or attack oil shipments through the Strait of Hormuz, a narrow passage in...

http://chronicle.augusta.com/news/business/2013-11-25/oil-prices-might-fall-easi
Auto Recalls

...BMW is recalling 176,000 of its 2012-14 vehicles for a problem with the power brake system.An interruption in the oil supply to a part can mean the loss of power braking assist. Brakes will still work, but the driver would have to press the...

http://chronicle.augusta.com/life/autos/2013-10-02/auto-recalls
After price spikes, gas could get cheaper in 2013

...year, but drivers' annual gas bills are expected to drop for the first time in four years.Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices. The lows will be lower and the highs won't be so high compared...

http://chronicle.augusta.com/news/business/2013-01-10/after-price-spikes-gas-cou
Average US gasoline prices up 13 cents as oil rises

...expect prices to follow last year's steep path through March that brought them to a high of $3.94 on April 6. Crude oil supplies are high, oil production is booming and the economy isn't growing very fast. Also, the tensions in the Middle East...

http://chronicle.augusta.com/news/business/2013-01-31/average-us-gasoline-prices
Drivers endure high gas prices despite US oil boom

...prices and less concern over the situation in the Mideast.But disruptions at refineries or pipelines, or threats to oil supplies around the world, could send gasoline prices sharply higher at any moment, analysts say.

http://chronicle.augusta.com/news/2013-03-21/drivers-endure-high-gas-prices-desp