(credit: istockphoto.com)

Analysts: Tumbling Gas Prices Are A Sign Of Economic Woes

Gas prices are down across the Southland due to the falling cost of crude oil. While this may ease pain at the pump, financial analysts say the faltering prices are just another indication that the economy is struggling yet again.

CBS2 / KCAL9–08/12/2011

Morongo Casino Resort and Spa

Waste Oil Spills Onto Morongo Indian Reservation; No Evacuations Ordered

The oil traveled more than a mile through a flood control channel on the Morongo Indian reservation, but no evacuations were necessary.


(credit: SAUL LOEB/AFP/Getty Images)

Full Recovery Expected For Brown Pelicans Found Covered In Oil

The Coast Guard said they have been unable to locate the source of oil that spilled on at least four brown pelicans near Santa Barbara.

KNX 1070 NEWSRADIO–07/14/2011

GENERIC (credit: David McNew/Getty Images)

Crude Prices Force Whittier To Rethink Opposition To Oil Drilling

Residents are bitterly divided over the city’s plans to drill for oil on land that had initially been purchased as a nature preserve to drive away potential drillers.

KNX 1070 NEWSRADIO–07/12/2011

(KFWB 980)

KFWB On Your Corner: THUMS Islands (Part 2)

There are some pretty unique features to this city, including those oil islands right off the downtown shoreline.


(KFWB 980)

KFWB On Your Corner: THUMS In Long Beach

If you’ve been to the downtown shoreline in Long Beach, you’ve seen the oil islands that are disguised as high-rise apartments.


(credit: Joe Raedle/Newsmakers)

US To Tap Crude Oil Reserve In ‘Unprecedented’ Move

The U.S. could soon be swimming in crude oil after a decision to release up t0 60 million barrels from the nation’s Strategic Petroleum Reserve.


(credit: Mark Ralston/AFP/Getty Images)

Poll: Most Californians Oppose Additional Nuclear Plants

A Field Poll finds voter support dwindling for the building of more nuclear power plants in California, but a majority believes the state’s existing plants are safe.


GENERIC (credit: David McNew/Getty Images)

Firm Goes High-Tech In Hunt For Long Beach Oil Fields

An effort to scope out potentially untapped oil fields in the Southland was underway just as drivers revved up their engines for the long holiday weekend.


(credit: David Paul Morris/Getty Images)

Study: Weak Dollar, Not Demand, Fueling Higher Gas Prices

Are you sick of emptying your wallet while filling up the tank? A new bipartisan study says you should blame the greenback.


(credit: JEFF PACHOUD/AFP/Getty Images)

Owner Loses $21,000 After Gas Price Glitch Offered $1.10 Per Gallon

Drivers in Wilmington waited in long lines at the Valero gas station in Wilmington for premium unleaded at $1.10-a-gallon, but it turns out it was all a computer glitch.


(credit: Getty Images)

Study: $5 Gas Not Enough To Give Green Light To Hybrid Cars

The main reason: shoppers fear the high price tag for most hybrid and electric vehicles may be too high to offset the savings they can expect at the pump.


(credit: KAREN BLEIER/AFP/Getty Images)

Obama: $5 Gas No Threat To National Security

The White House says dependence on fossil fuels and billions in private subsidies are the real problem behind rising gas prices.

KNX 1070 NEWSRADIO–04/25/2011

(Getty Images)

Drivers Start To Cut Back On Gas As Prices Rise

With the price of gas above $3.50 a gallon in all but one state, there are signs that Americans are cutting back on driving, reversing a steady increase in demand for fuel as the economy improves.

KNX 1070 NEWSRADIO–04/11/2011

(credit: Justin Sullivan/Getty Images)

Gas Prices Continue To Climb Across Southland

The average price of a gallon of regular gasoline in both Los Angeles and Orange counties rose again Monday for the 13th straight day.