Archive for April, 2008
With gas costly, drivers finally cut back
New York - For the first time since 1980, when long lines sprouted at gasoline stations, Americans are beginning to cut down on their driving.
The slight decline in total miles driven – apparent first in December – may indicate that the twin forces of high gasoline prices and a struggling economy are starting to affect [...]
Gas stations look in stores for profits
NEW YORK - Gas prices may be sitting near record levels, but the owner of your local gas station quite likely is struggling.
Profit margins on gasoline sales are razor thin. Indeed, some gas stations are losing money on credit card sales, once the fees are factored in.
How do they stay in business? More and more [...]
Iran to OPEC: Stop Oil Sales in Dollars
Iranian President Urges OPEC to Form Joint Bank, Stop Pricing Oil Trades in US Dollars
TEHRAN, Iran (AP) — Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars.
According to the Iranian government’s Web site, Ahmadinejad told OPEC Secretary General Abdalla Salem el-Badri the cartel [...]
