KX News: Gasoline Prices

Statoil posts Q2 profit surge

Wed, 28 Jul 2010 19:03:00 GMT

Norwegian oil company Statoil ASA says second-quarter profits surged to 3.6 billion kroner ($584 million), with increased production and rising oil prices offsetting a weak natural gas market. That number was only 77 million kroner in the second

Occidental Petroleum 2Q earnings jump 56 percent

Tue, 27 Jul 2010 01:07:00 GMT

Occidental Petroleum Corp. says net income jumped 56 percent in the second quarter as prices for oil and natural gas rose and the company pumped more from the ground. The Los Angeles oil company on Tuesday reported earnings of $1.06 billion, or

Update on the latest in business:

Sun, 25 Jul 2010 20:41:00 GMT

Stocks are coming off another winning week, the second of the past three, with the Dow making its highest close in a month. Investors were buying stocks on reassuring news about the economy. European regulators issued results of "stress tests"

Hayward out at BP?...Mexican prison release...AlQaida in North...

Sun, 25 Jul 2010 10:06:00 GMT

BP's gaffe-prone chief executive could be out the door as soon as tomorrow. A senior U.S. government official says Tony Hayward is being replaced. He incensed Gulf Coast residents by saying he wanted his life back as he struggled to deal with BP's ma

Survey: Gas prices barely rise in 2week span

Sun, 25 Jul 2010 09:24:00 GMT

A survey says the average price of regular gasoline in the United States has gone up in the last two weeks, but by less than a cent. The Lundberg Survey of fuel prices released Sunday says the price of regular rose slightly to $2.73. Analy

Update on the latest in business:

Mon, 19 Jul 2010 20:55:00 GMT

Stocks begin the week on a positive note as investors anticipate strong earnings reports in the coming weeks. The Dow Jones Industrial Average rose 56.53 points to 10,154.43. The Standard and Poor's 500 index was up 6.37 to 1,071.25 and the Nasda

Modest gains...Gas prices ease...IBM earnings

Mon, 19 Jul 2010 10:55:00 GMT

Stocks posted modest gains as investors anticipate strong earnings reports in the coming weeks. The Dow Jones Industrial Average rose 56.53 points to 10,154.43. The Standard and Poor's 500 index was up 6.37 to 1,071.25 and the Nasdaq Composite Index

Average gasoline prices down from a month ago

Mon, 19 Jul 2010 10:13:00 GMT

Motorists are filling their tanks with gasoline that's cheaper than just a month ago. And it's a trend that's expected to continue for the rest of the summer. The auto club AAA and other monitors find the national average for a gallon of unleade

Streak over?...Retail sales down...Overhaul passage seen near...

Wed, 14 Jul 2010 03:55:00 GMT

The Dow's six-day winning streak may be at risk. Stocks have been weaker today after the government reported a decline in retail sales last month. WASHINGTON (AP) The Commerce Department says retail sales dropped in June for the second mont

Deadly day...Oil still flowing...Bristol and Levi

Wed, 14 Jul 2010 02:03:00 GMT

Eight American soldiers have died in southern Afghanistan within the past 24 hours. Military officials say four were killed by a roadside bomb, and three died in a Taliban attack on a police headquarters in Kandahar. The eighth soldier died from woun

Retail sales drop 0.5 percent in June

Wed, 14 Jul 2010 01:42:00 GMT

Retail sales fell in June for the second straight month, raising new concerns about how much of a slowdown the economy will have to endure in the second half of this year. The Commerce Department says retail spending dropped 0.5 percent in June.

Update on the latest in business:

Sun, 11 Jul 2010 20:41:00 GMT

As earnings reporting seasons, Wall Street is coming off last week's strong gains. The Dow rose 5 percent as the market chalked up four consecutive session gains last week. In the latest session, the Dow was up 59 points to 10,198. The S&a

Uganda tragedy...Gasoline prices...Muslim snub?

Sun, 11 Jul 2010 16:52:00 GMT

An American is among the 64 people killed in two bombings in Uganda. They happened at locations in the capital, Kampala, as people watched the final of the World Cup. Several other Americans were wounded. Police suspect the bombs were the work of a

Update on the latest news, sports, business and entertainment:...

Sun, 11 Jul 2010 13:22:00 GMT

Bombs exploded at two sites in Uganda's capital late Sunday as people watched the World Cup final on TV, killing at least 30 people. Foreigners, including Europeans and possibly Americans, were believed to be among the casualties. The loca

Uganda explosions...World Cup ends...Palin's PAC

Sun, 11 Jul 2010 12:54:00 GMT

Bombs in the capital of Uganda during the World Cup final have reportedly killed more than 20 people. One of them rocked an Ethiopian restaurant in Kampala, while the other hit a rugby club. The city's police chief suspects it's the work of Somalia's

Spain victorious...BP makes progress...Tortoise returns...

Sun, 11 Jul 2010 10:55:00 GMT

Spain has won its first World Cup, defeating the Netherlands 1-0 in an exhausting match that required extra time. The Dutch finished the match down one man. It was an especially stinging defeat for the Netherlands, which has now lost in the finals th

WH confident in BP effort...Gas prices drop...Teen bandit's arrest...

Sun, 11 Jul 2010 08:56:00 GMT

As BP crews work to fix a new cap expected to seal off the leaking oil well in the Gulf of Mexico, the White House is expressing confidence in the effort. But, appearing on ABC's "This Week," senior adviser David Axelrod acknowledges that BP's engine

Wanted teen in custody...BP makes progress on cap...Gasoline prices...

Sun, 11 Jul 2010 07:53:00 GMT

Bahamian police say the "Barefoot Bandit" is behind bars in Nassau. Colton Harris-Moore was arrested before dawn in northern Eleuthera (eh-LOO'-thruh). The 19-year-old American is facing possible extradition to the U.S. He's suspected of stealing aut

Average gas prices drop nearly 4 cents in 2 weeks

Sun, 11 Jul 2010 07:32:00 GMT

The average price of regular gasoline in the United States has dropped 3.88 cents over a two-week period to $2.73. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lundberg says the average pr

Update on the latest in business:

Tue, 06 Jul 2010 20:41:00 GMT

The Dow Jones industrial average broke a seven-day slide as traders looked to buy up beaten-down stocks. Coming into Tuesday's session, the Dow had dropped 7 percent in the past two weeks. It closed Friday at its lowest level since early October

Falling stocks...Jobseekers give up...BP shares rise.......

Fri, 02 Jul 2010 10:27:00 GMT

Stock prices ended the day lower, after investors digested the June jobs report. The Dow fell 46 points to 9,686. The S&P was down 5 points, while the Nasdaq lost nearly 10. For the week, the Dow and S&P 500 index declined about 5 percent,

Cashstrapped Greeks hit by new sales tax hike

Wed, 30 Jun 2010 23:57:00 GMT

Prices of consumer goods and services have risen overnight in Greece, as a new sales tax hike takes effect in an effort to boost government finances. The center-left government imposed the increase in Value Added Tax, or VAT, from 21 to 23 perce

WalMart names operating chief Simon as new US CEO

Tue, 29 Jun 2010 03:06:00 GMT

Wal-Mart Stores says Bill Simon will take over as president and CEO of its U.S. operations, replacing Eduardo Castro-Wright who is shifting to lead the retailer's Global.com and global sourcing divisions. Simon, 50, has served as chief operating

German inflation rate down to 0.9 percent

Mon, 28 Jun 2010 02:31:00 GMT

German authorities estimate that the country's year-on-year inflation rate slipped to 0.9 percent this month, helped downward by declining gas prices. The annual inflation rate was down from 1.2 percent in May. The Federal Statistical Office est

Update on the latest in business:

Sun, 27 Jun 2010 20:41:00 GMT

Wall Street saw declines last week of nearly 3 percent or more in the key averages. That was over worries that the economic recovery has been faltering. Disappointing readings were seen on home sales and the Federal Reserve's commentary on the outloo

Summit wraps up in Toronto...Oil hits Mississippi...Gas prices up...

Sun, 27 Jun 2010 11:02:00 GMT

Participants in a world economic summit have agreed to steer financial policies along a moderate course that accepts some continuing stimulus programs but emphasizes the need to curb soaring deficits. That's according to a draft of the summit-ending

Update on the latest news, sports, business and entertainment:...

Sun, 27 Jun 2010 10:55:00 GMT

Leaders from the top 20 industrial and developing nations are endorsing a pledge by rich nations to slash budget deficits in half in three years. The goal is outlined in a final statement from the G-20s Toronto summit. Canadian Prime Minis

Spymaster's assessment...Stimulus and deficit...GermanyEngland...

Sun, 27 Jun 2010 08:07:00 GMT

The nation's spymaster says "the most aggressive operations in the history of the CIA" has driven al-Qaida into hiding and undermined its leadership. But CIA Director Leon Panetta tells ABC's "This Week" that U.S. forces are having a tougher time ous

National gas prices rise nearly 5 cents in 2 weeks

Sun, 27 Jun 2010 07:32:00 GMT

The average price of regular gasoline in the United States has climbed nearly five cents over a two-week period to $2.76. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lundberg says the ave

Fri, 25 Jun 2010 09:52:00 GMT

4:30 p.m., June 25, 2010 For editorial questions, call Paul Cheung, (800-845-8450, ext. 7269). For technical and service questions, call the AP Global Customer Support at 877-587-6180 or e-mail apcustomersupport(at)ap.org.

Discover Financial Services posts 2Q profit

Thu, 24 Jun 2010 02:03:00 GMT

Discover Financial Services says it posted a profit in the fiscal second quarter as consumers spent more on their credit cards and gas prices rose. The company also set aside $724 million for bad debt, 44 percent less than last year. In pr

Oil ends week higher

Fri, 18 Jun 2010 08:35:00 GMT

Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose 39 cents closing at $77.18 a barrel. Oil and gasoline prices both edged up today, extending gains for the week as

Update on the latest in business:

Sun, 13 Jun 2010 20:42:00 GMT

The Dow Jones Industrial Average is coming off its best week since mid-February and hopes to keep it going. The Dow gained almost three percent last week, and begins trading this morning at 10,211-point-07 after gaining 38 points on Friday, The St

Gas prices drop more than 11 cents in 2 weeks

Sun, 13 Jun 2010 07:33:00 GMT

The average price of regular gasoline in the United States has dropped more than 11 cents over a three-week period to $2.72. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lundberg says the

Good week for stocks...Spirit Airlines strike...Gas prices drop...

Sat, 12 Jun 2010 06:57:00 GMT

It was a good week for stocks, with the Dow Jones Industrial Average climbing almost three percent. That was its first weekly gain in a month and its best week since February. The Dow gained 38.54 yesterday to finish the week at 10,211-point-07. Th

Update on the latest in business:

Wed, 02 Jun 2010 20:34:00 GMT

Stock prices rallied strongly in the latest session, with the key averages advancing more than 2 percent. The Dow advanced 226 points to 10,250. The S&P rose 28 points to 1,098. The Nasdaq added 59 points to 2,281. Investors appeared to

Late selloff...BP probed...Gasoline prices fall.......

Tue, 01 Jun 2010 10:27:00 GMT

A late sell-off took stocks sharply lower. The Dow fell 113 points to 10,024. The S&P was down 19 points and the Nasdaq shed 35 points. NEW ORLEANS (AP) Attorney General Eric Holder says federal authorities have opened criminal and civ

Latest South Dakota news, sports, business and entertainment:...

Sun, 30 May 2010 10:34:00 GMT

The candidates running for South Dakota's lone seat in the U.S. House all agree federal spending should be cut, but they have different ideas on how to do that. Democratic Rep. Stephanie Herseth Sandlin supports a law passed in February that req

Here is the latest South Dakota news from The Associated Press...

Sun, 30 May 2010 08:56:00 GMT

The U.S. Attorney's office in South Dakota is adding three positions to help prosecute crimes in tribal communities. One of the new assistant attorneys will be part of a pilot program on the Pine Ridge Indian Reservation to help tribal prosecutors ad

State tourism officials optimistic

Sun, 30 May 2010 00:46:00 GMT

Officials in the state Tourism Department predict a good summer for visitors, in part because gasoline prices are holding steady or decreasing. The Office of Tourism reports a 17 percent increase in visits to its web site, including a 9 percent

Waiting for well results...Alaska pip

Fri, 28 May 2010 17:13:00 GMT

BP says it's too early to say if a procedure it started Wednesday has choked off its gushing well in the Gulf of Mexico. Engineers have been shooting heavy drilling mud and assorted junk into well, including rubber balls and metal pieces. BP says i

Gary Coleman dead at 42...More manpower to the Gulf...Gas prices...

Fri, 28 May 2010 08:56:00 GMT

Gary Coleman, the child star of the 1970s TV sitcom "Diff'rent Strokes," has died after suffering a brain hemorrhage. Utah Valley Regional Medical Center says the 42-year-old actor died this afternoon after life support was terminated. Coleman suffer

Stocks tumble...Cheap gas...Spain rating cut

Fri, 28 May 2010 07:25:00 GMT

Stock prices are sliding ahead of a three-day holiday weekend. The Dow has been down as many as 150 points. WASHINGTON (AP) The House has adopted a measure renewing unemployment benefits for people who have been without a job for at least six

Costco 3Q profit rises 46 percent as sales climb

Wed, 26 May 2010 23:36:00 GMT

Costco Wholesale Corp. says its profit climbed 46 percent in the fiscal third quarter as sales and membership revenue both rose. Costco, the largest wholesale club operator in the U.S., says it earned $306 million, or 68 cents per share. That's

Dickinson Hotels Filling Fast

Mon, 24 May 2010 12:55:00 GMT

This weekend marks the start of the summer travel season and three is good news for travelers heading west... Hotels are booking up fast...the recovering economy and falling gas prices have more people ready to travel. Terri Thiel, Executive Director

Oil prices rise slightly

Mon, 24 May 2010 08:42:00 GMT

Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose 17 cents closing at $70.21 a barrel. Oil prices, which have fallen more than 19 percent since hitting an 18-month hi

Update on the latest in business:

Sun, 23 May 2010 20:55:00 GMT

Wall Street can only hope that last week's sell-off is a bad memory, particularly after a triple-digit rebound on Friday. For the week, the key averages were down 4 to 5 percent. In the latest session, the Dow rose 125 points to 10,193. The

Gas prices drop more than 9 cents in 2 weeks

Sun, 23 May 2010 09:31:00 GMT

The average price of regular gasoline in the United States has dropped 9.25 cents over a two-week period to $2.83. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lundberg says the average pr

Stocks fall...Fed's view...Toyota's take

Wed, 19 May 2010 10:27:00 GMT

Stocks suffered another decline, although the key averages bounced off their worst levels of the day. The Dow shed 67 points to 10,444. The S&P was down nearly 6 points and the Nasdaq lost 19 points. WASHINGTON (AP) Federal Reserve offici

Update on the latest in business:

Wed, 19 May 2010 06:15:00 GMT

World markets have dropped sharply with traders blaming Germany's unexpected curbs. The unilateral attempt to reduce volatility in financial markets unsettled investors. The Dow was down more than 100 points at midday. The euro, meanwhile,

Stocks weaker...Falling prices...Mortgage struggles...

Wed, 19 May 2010 03:34:00 GMT

Stock prices have been volatile in the early going once again. The major indexes have been tracking the euro in recent weeks amid concern about Europe's economy and its ability to manage debt. WASHINGTON (AP) Consumer prices declined in April

Stocks weaker...Falling prices...Mortgage struggles.......

Wed, 19 May 2010 03:27:00 GMT

Update on the latest in business:

Tue, 18 May 2010 06:22:00 GMT

The head of the Securities and Exchange Commission says federal investigators today will submit preliminary findings into a sudden plunge in financial markets. And exchanges will propose new trading rules aimed at preventing another such crash.

Falling Gas Prices

Mon, 17 May 2010 13:30:00 GMT

A welcome change for motorists-as Memorial Day approaches. The cost of getting where you want to go this holiday weekend, may not be as much as you'd think. Reporter Kate Schell tells us what we can expect this holiday weekend. It's a treat, many of

Update on the latest news, sports, business and entertainment:...

Wed, 12 May 2010 22:05:00 GMT

A new poll finds that the Gulf of Mexico oil spill hasn't stained President Barack Obama nor dimmed the public's desire for offshore energy drilling. While some conservative pundits have called this "Obama's Katrina," that's not how the public f

As summer nears, expect gas prices to go ... down?

Wed, 12 May 2010 16:24:00 GMT

Now this is a welcomed change. Experts predict gas prices will fall as Memorial Day approaches, instead of rising just as summer vacations begin. Those experts had expected a national average of more than $3 per gallon by Memorial Day. Now they

Rig gear failures...Hawaii "birther" law...Experts: Lower gas...

Wed, 12 May 2010 15:07:00 GMT

Bad wiring, leaks, and sealing problems are among equipment failures that may have contributed to last month's offshore rig explosion. Internal documents given to lawmakers today also pointed to procedural problems. Meanwhile, crews will attempt to p

Baghdad bombing...Obama: "Hard fighting"...Rig equipment...

Wed, 12 May 2010 11:02:00 GMT

Iraqi officials say a car bomb has killed seven people and wounded 25 others in Sadr City, a slum in eastern Baghdad. The car was parked near a popular cafe where young people were gathered. Sadr City is the stronghold of anti-American cleric Muqtada

Oil prices rebound

Mon, 10 May 2010 08:35:00 GMT

- Crude oil futures prices ended higher on the New York Mercantile Exchange. The near-month contract for the benchmark grade rose $$1.69 closing at $76.80 a barrel. Oil prices bounced back from last week's sell-off after the European Union Commi

Update on the latest in business:

Sun, 09 May 2010 20:34:00 GMT

With last week's declines, the stock market is now in negative territory for the year. The key averages saw declines last week of between 6 to 8 percent. On Friday, the Dow fell 140 points to 10,380. The S&P was down 17 points to 1,111

Update on the latest news, sports, business and entertainment:...

Sun, 09 May 2010 17:13:00 GMT

A person familiar with the decision tells The Associated Press that President Barack Obama will nominate Solicitor General Elena Kagan to the Supreme Court. Kagan would be the third female justice to serve on the court at the same time, a first

US gas prices jump more than 7 cents in 2 weeks

Sun, 09 May 2010 08:56:00 GMT

The average price of regular gasoline in the United States has jumped more than 7 cents over a two-week period to $2.92. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lundberg says the aver

Air travel hit again...Market pullback...Crude prices plunging.......

Sat, 08 May 2010 05:33:00 GMT

That volcano in Iceland is causing problems for air travelers again. The European flight control agency says it expects most trans-Atlantic flights will have to be rerouted today because a volcanic ash cloud is stretching across much of the northern

Latest North Dakota news, sports, business and entertainment:...

Wed, 05 May 2010 05:12:00 GMT

A state audit says capital projects in the North Dakota University System are not adequately monitored. The state auditor's office reviewed building projects in the university system, including the president's houses at North Dakota State Univer

Statoil posts more than doubled Q1 profit

Tue, 04 May 2010 19:17:00 GMT

Norwegian oil company Statoil ASA says its first-quarter profits more than doubled, with increased production and rising oil prices offsetting a weak natural gas market. Statoil said Wednesday that net profit for the January through March period

Chesapeake Energy posts 1Q profit

Tue, 04 May 2010 10:06:00 GMT

Natural gas company Chesapeake Energy posted a first-quarter profit as production and prices for gas and oil rose. Chesapeake said Tuesday that its net income was $590 million, or 92 cents per share for the quarter ended March 31, compared with

Chesapeake Energy CEO's 2009 pay drops to $18.6M

Tue, 04 May 2010 06:22:00 GMT

A regulatory filing shows Cheseapeake Energy Chairman and CEO Aubrey McClendon's 2009 pay package dropped 84 percent to about $18.6 million from the record $112.5 million that he took home in 2008. The size of last year's compensation angered sh

Anadarko Petroleum moves to profit on revenue jump

Mon, 03 May 2010 11:02:00 GMT

Anadarko Petroleum says it moved to a first-quarter profit as revenue jumped sharply on higher oil and natural gas prices. The independent exploration and production company reported net income of $716 million, or $1.43 a share, in the first thr

Update on the latest in business:

Thu, 29 Apr 2010 20:41:00 GMT

Stocks have enjoyed gains for two straight sessions, as investors warmed to upbeat earnings reports. Tension also eased over Europe's debt crisis. The Dow rose 122 points to 11,167. The S&P added 15 points to 1,207. And the Nasdaq surged 40

Lawmaker seeks BP, other oil companies for hearing

Thu, 29 Apr 2010 07:11:00 GMT

The chairman of a House committee has asked the heads of BP PLC and four other oil companies to testify at a hearing on the massive oil spill in the Gulf Coast. Massachusetts Democrat Edward J. Markey, who chairs the Select Committee on Energy I

Repsol 1st quarter profits up 30 percent

Wed, 28 Apr 2010 21:23:00 GMT

Spanish energy company Repsol-YPF says first quarter net profit increased rose by 30 percent from the same period last year because of higher oil and gas prices and lower refining margins. Profit in the January-March period was euro688 million (

Gas prices jump to more than $9 in Alaska town

Wed, 28 Apr 2010 07:46:00 GMT

Most Americans are paying about $3 a gallon for gas. The residents of McGrath, Alaska, saw their gas prices jump by that amount in one night. The price at the only pump in the remote town 415 miles northwest of Anchorage went from $6 a gallon Fr

URGENT

Tue, 27 Apr 2010 19:24:00 GMT

Royal Dutch Shell PLC has reported a 57 percent increase in net profit for the first quarter, crediting higher oil prices, growth, and cost-cutting. Net profit was $5.48 billion, up from $3.49 billion in the same period a year ago. Revenues were

Update on the latest in business:

Sun, 25 Apr 2010 20:34:00 GMT

The stock market is coming off its longest winning streak in more than six years. Stocks rose again after a strong report on new home sales. Friday's 70-point gain in the Dow wrapped up the index's eighth straight weekly rise, which matches it

CORRECTS Gas Prices story

Sun, 25 Apr 2010 12:54:00 GMT

(Stations: Please substitute the following for all Right Nows since 3:00 pm, new version CORRECTS first sentence in Gas Prices story. Should read "dipping only .42 cents" sted 42 cents. (Copyright 2010 by The Associated Press. A

Obama on mine safety...Tornado damage...Oily mess

Sun, 25 Apr 2010 10:06:00 GMT

President Barack Obama is offering words of praise for victims of the Upper Big Branch mining disaster. He's attending a memorial service for the miners in Beckley, W.Va. today. The president is pledging changes to mining regulations he's says are

Gas prices drop less than half a cent in 2 weeks

Sun, 25 Apr 2010 08:21:00 GMT

The average price of regular gasoline in the United States was virtually unchanged over a two-week period, dipping only 42 cents to $2.85. That's according to the national Lundberg Survey of fuel prices released Sunday. Analyst Trilby Lund

Wholesale prices rise in March as food costs jump

Thu, 22 Apr 2010 01:42:00 GMT

Wholesale prices rose more than expected last month as food prices surged by the most in 26 years. The Labor Department said the Producer Price Index rose by 0.7 percent in March. Analysts expected a 0.4 percent rise. A rise in gas prices also h

Latest Montana news, sports, business and entertainment:...

Sat, 17 Apr 2010 21:44:00 GMT

The state Department of Environmental Quality has finished a $2.4 million cleanup effort at Spring Meadow Lake State Park just west of Helena. Crews removed 34,000 cubic yards of arsenic-, manganese- and lead-tainted soil and lake sediments alon

Montana animal sanctuary moving to New Hampshire

Sat, 17 Apr 2010 08:21:00 GMT

A Montana sanctuary for blind, deaf and maimed animals is moving to New Hampshire. The owners of Rolling Dog Ranch in Ovando say they will start moving horses, dogs and cats to a 120-acre ranch in Lancaster, N.H., on May 24. Steve Smith an