Oil prices

Rising oil prices have been impacting drivers, but it’s also been taking a toll on those who use it to heat their homes.

Higher oil prices are affecting home heating costs in Connecticut. NBC CT Investigates looked into energy usage in Connecticut and how much of the state uses oil and petroleum.

Some drivers are still having sticker shock when they fill up their car at the pump. The price of crude oil dropped over the last week, but the prices at Connecticut gas stations have not dropped as quickly. A week ago the average price for a gallon of regular unleaded in Connecticut was $4.41, according to AAA. On Wednesday, the…

Just like gas prices, the price of oil to heat your home has gone up dramatically with the state average now at more than $5 a gallon. “I am paying $1,090 on my last month to fill up oil in my house,” said Chris Kozikowski, who lives in Bristol. “We are keeping the thermostat at 70 degrees and that’ll last…

People across the state are dropping their thermostats to low temperatures due to the high prices of heating homes.

President Joe Biden said on Tuesday the United States will stop accepting imported Russian oil.

Gasoline prices around the state have been dropping for weeks. The price has been below $2 per gallon for a while now and with oil prices hitting historical lows Monday, people were fueling up. Among those at the gas pumps was Patrick Culligan filling up for the first time in three weeks. “Lots of people like me aren’t driving very…

Oil prices hit a record low Monday, dropping nearly 300 percent, with May futures closing at negative $37 per barrel. Fewer drivers are on the roads and fewer planes are in the sky due to the coronavirus outbreak, causing demand to plummet. Oil storage facilities are nearing capacity as a result.

A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico’s agreement.

There are concerns that gas and oil prices will increase after an attack on oil facilities in Saudi Arabia.

The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season. Heading into Memorial Day, the national average gasoline price is coming off the year’s high and sitting just above $2.80 per gallon. The national average climbed 67 cents a gallon between New Year’s Day and May...

The latest plunge in oil prices has dealt a heavy blow to Iraq’s stagnating economy, threatening the new government’s ability to rebuild after the war with the Islamic State group and provide basic services to areas roiled by recent protests. Brent crude oil, used to price international purchases, briefly rose above $85 a barrel in October but has since plummeted...

Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn’t ending that way. U.S. stocks climbed to new highs early, shook off a sudden, steep drop by spring and rode a wave of tax cut-juiced corporate earnings growth to another all-time high by September. Then the jitters set in. Investors grew worried that the testy...

President Donald Trump is ending his Thanksgiving break in Florida the same way he began it — tweeting and spending time at one of his local golf courses. Trump congratulated himself on Twitter Sunday for falling oil prices, writing “thank you President T,” and admonished the Federal Reserve over interest rates. In a separate tweet, he called on Mexico to...

A federal judge in Montana has blocked construction of the $8 billion Keystone XL Pipeline to allow more time to study the project’s potential environmental impact. U.S. District Judge Brian Morris’ order on Thursday came as Calgary-based TransCanada was preparing to build the first stages of the oil pipeline in northern Montana, The Great Falls Tribune reports. Environmental groups had...

The first frost of the season will be here soon enough and local oil companies are encouraging people to get their orders in sooner than later as oil prices could spike.

Motorists this Labor Day will be paying the most at the pump since 2014, but those prices are nothing compared with the end of summer 2012, GasBuddy analyst Patrick DeHaan told CNBC on Friday. The average price for a gallon of gas over the Labor Day weekend is expected to be $2.84. That’s 20 cents higher than last year and...

Iraq saw a record low turnout on Saturday in its first elections since the collapse of the Islamic State group, pointing to widespread dissatisfaction with the direction of the country under Prime Minister Haidar al-Abadi and presaging a long period of deal-making as politicians squabble over posts in a new government. There were no bombings at any polling stations —...

Global oil prices plunged and then swung back wildly on Tuesday, following a series of conflicting news reports prior to President Donald Trump’s decision to withdraw from the Iran nuclear deal. The price of crude oil hit $70 a barrel this week for the first time since 2014, then plunged by around $3 Tuesday morning amid speculation that the president...

Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than 7 percent, but investors seemed to be taking the gyrations in stride. The Tokyo benchmark bounced throughout the day, ending 4.7 percent lower at 21,610.24. All regional bourses were battered a day after the Dow Jones industrial average suffered its...