Looking for evidence of the economic downturn? You don't have to look any further than API's Monthly Statistical Report for October. Here's the headline: "U.S. petroleum demand-reduction rate largest since early 1980s." The report notes that U.S. petroleum deliveries dropped...

MasterCard reported last night that gasoline purchases rose last week by 1.3 percent over the previous week. While Americans are still buying less fuel and driving fewer miles than last year, the author of the report noted that it appears...