Commodities are rallying again today on Wall Street. Brent crude oil has blown through the key point of resistance of $80 per barrel, while wholesale gasoline prices are following along and have broken through $2.00 per gallon. Oil is currently trading at $81.37 per barrel. Gas is at $2.0602.

For many years, there have been competition concerns regarding how retail gasoline prices are set in the U.S. and Canada. Consumers have complained about the perceived uniformity of retail gas prices and the perception that retailers raise their prices at the same time.

Proposals to reign in wallet-draining gasoline prices by curbing speculation in oil markets would likely increase costs at the pump instead of trimming them, a University of Illinois economist says.

As unwelcome as they are, higher gasoline prices do come with a plus side - fewer deaths from car accidents, says a researcher at the University of Alabama at Birmingham (UAB).

Faced with ever-rising gasoline prices, more and more Americans are cutting back on driving. We're taking shorter vacations and turning to buses, subways, light-rail trains, motorcycles – even bicycles – to get around town.

I have been thinking that increasing world-wide demand was causing oil prices to rise, but I was wrong. The main reason that oil prices have been rising is the constriction of oil supply.

With the price of a barrel of oil hovering around $120, U.S. drivers can expect to pay more at the pump in the near future, according to a new study by Rice University's Baker Institute for Public Policy.

Gasoline prices in the U.S. are at a seven-month high after oil prices spiked above $100 a barrel last week.

A confrontation between two rival gas stations employees resulted in the fatal shooting of one owner, reports say, following an ongoing rivalry for business.

FTC, Antitrust Division Send Report to President on Factors Explaining National Average Gasoline Price Increases During Spring and Summer of 2006

U.S. average retail gasoline prices fell 17 cents per gallon as Midwest refiners recovered from recent difficulties and produced more gas, according to an industry analyst.