The blogosphere is scratching its collective head this week about gasoline prices. The big question has been, "If oil prices have been falling, why have gasoline prices gone up?" The answer is simple: supply and demand. As API's Monthly Statistical...

Although it appears that President Obama has tabled his plan for a Windfall Profits Tax (WPT), the American Petroleum Institute decided several weeks ago to commission a study on the likely effects of a WPT on consumers and the economy. The findings...