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oil prices

Gas prices in the Tri-State continue to rise, leaving many drivers frustrated and worried that prices will be even higher by summer. (Credit: CBS 2)

Why Do Gas Prices Jump So High Seemingly Overnight?

It’s hard not to think you’re being gouged when you see the gas prices spike, and in some cases, you are. Aside from that, though, the buying and selling of gasoline is a complicated business based on anticipation as much as reality.


Analyst: Libya’s Unrest Won’t Have Big Impact On Gas Prices

Amid the chaos and turmoil in Libya, some analysts believe the oil prices will soon skyrocket. But according to Oil Price Information Service analyst Tom Closaw, that’s not the case.


Gas Pump - File / Photo: John Gress/Getty Images

To Many Area Drivers, New Jersey Is Gas Price Utopia

Libya exports less than 2-percent of the world’s oil, and that fuel is weeks away from actually being sold at the pump. So why are gas prices here steadily on the rise now?


A car is filled with gasoline - File / Photo: THOMAS COEX/AFP/Getty Images

Thanks Libya: Tri-Staters Bracing As $4 Gas Nears

Because of the unrest in Libya, oil prices briefly touched $100 a barrel Wednesday for the first time since 2008. It’s a development that’s expected to have a ripple effect on prices across the board.


Gas Pump - File / Photo: John Gress/Getty Images

Unrest In Libya To Hit You At The Gas Pump

The current average price for regular gasoline in the Tri-State Area is about $3.27. The unrest in Libya could drive that even higher.


A car is filled with gasoline - File / Photo: THOMAS COEX/AFP/Getty Images

Garden State Gasoline Prices Rise Slightly

AAA Mid-Atlantic says the average price of regular gasoline in the Garden State on Friday was $3.05, up a penny from last week.


Heating oil is delivered in Boston, MA - Oct 19, 2007 - Photo: Darren McCollester/Getty Images

Oil Costs Have Many Worried About Winter Home Heating

The costs of oil are skyrocketing, leaving many people concerned about how they’re going to pay to heat their home.


A car is filled with gasoline - File / Photo: THOMAS COEX/AFP/Getty Images

New Jersey Gasoline Prices Stay Stable

Motorists are still seeing stable prices at the pumps in New Jersey.


New York Stock Exchange

Dow Jones Rockets To Highest Mark In 2 Years

Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds.


(Photo by Darren McCollester/Getty Images)

Expert: Home Heating Oil Should Stabilize This Winter

The outlook seems good for this winter’s home heating oil prices for Connecticut homeowners. While the prices are up slightly from last spring, they are now averaging about 2.75 per gallon, experts say the price will likely stabilize.