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WASHINGTON (Reuters) – U.S. retail gasoline prices fell 7 cents over the last week to $3.60 a gallon as of Monday, the second consecutive drop this month, the U.S. Energy Department …

WASHINGTON (Reuters) – U.S. retail gasoline prices fell 7 cents over the last week to $3.60 a gallon as of Monday, the second consecutive drop this month, the U.S. Energy Department said.
The national price for regular unleaded gasoline dropped remained 85.9 cents higher than it was a year ago, the department said.
This is the second… Read more

One positive for consumers in a market where risky investments lose their appeal: Gasoline prices should fall sharply. “If oil remains low, the national average for gasoline will fall to $3.25-$3.40 in the next two to three weeks as retailers slowly lower their prices to reflect their drop in cost,” GasBuddy.com’s Patrick DeHaan says. … Read more

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Dow Jones )- The head of Libya's National Oil Corp., Omran Abukraa, Sunday admitted Tripoli is suffering from gasoline shortages but said some oil production–a key lifeline for the regime–was …

NEW YORK (TheStreet) — Oil prices should continue to rise and lead to a spike in gasoline prices before the end of the year thanks to China’s growth at breakneck pace, despite a series of interest rate hikes, according to analysts.
“If China continues to expand this way, I would expect U.S. fuel prices to… Read more

WHAT: First reading on U.S. second-quarter GDP
WHEN: Friday, July 29, at 8:30 a.m. EDT
FACTORS TO WATCH
A contraction in motor vehicle production because of a shortage of parts from Japan and high gasoline prices that curbed consumer spending, probably kept the U.S. economy on a slow growth path in the second quarter.
Growth in the world’s biggest… Read more

July 26 (Bloomberg) — The U.S. Federal Trade Commission is preparing to issue subpoenas to oil companies and refiners as it probes rising gasoline prices, a person familiar with the matter …

Amidst continued strength in the energy complex, Unleaded Gasoline has been building a potential basing pattern that could break out early in the trading week ahead. The market has been in a steady uptrend following crude oil’s performance, and finished Friday’s session near the top of a very large Ascending Triangle chart pattern.

… Read more