Believe it or not, price per barrel of crude oil is about the same as it was in 2009 -- anywhere from $83 to $85 dollars says University of Colorado at Colorado Springs economist Fred Crowley -- but the price at the pump is $0.30 = $0.40 cents higher.
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It's shaping up to be the hottest week of the year and utility managers say we are are also using the most energy that we have in 2011. With temperatures in the high 90's and 100's a spokesman for Colorado Springs Utilities says their customers will use over 800 megawatts... more »
LINCOLN, Neb. (AP) - Oil and gas leases over the Niobrara shale formation in western Nebraska are in high demand.
Richard Endacott of the Nebraska Bureau of Educational Lands & Funds says the board's last two lease auctions have been the most lucrative in its history. They brought in... more »
The International Energy Agency says it has raised its forecast for global oil demand this year and next following new data showing stronger-than-expected economic growth, especially in rich developed economies.
The Paris-based energy watchdog says global demand for crude will reach 86.9 million barrels a day this year, up... more »
DENVER (AP) - Latino and African-American leaders in Denver are urging the city's safety manager to fire two of the police officers caught on video roughing up residents.
They told Safety Manager Ron Perea on Thursday that he should fire the officers caught on video arresting 24-year-old Michael DeHerrera... more »
The Transportation Department is formally demanding documents related to Toyota's massive recalls in the United States to find out if the automaker conducted three of its recalls in a timely manner.
The legal documents were delivered to Toyota on Tuesday and obtained by The Associated Press. The documents demand... more »
The government says the trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for imports.
The Commerce Department said the December deficit was 10.4 percent higher than the November imbalance.... more »
A hotel representative says the Sahara hotel-casino is mothballing rooms in two of its towers for the winter season due to low demand. Los Angeles-based SBE Entertainment owns the 1,720-room Las Vegas Strip property, which first opened in 1952. The hotel says through a publicist that the two oldest towers... more »