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| Ditch that car, hop a train |
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 Guest writes:
As the price of gas soars, more and more commuters are leaving their cars in the garage and boarding the train.
NEW YORK (CNN) -- The soaring price of gas has convinced New Jersey resident Eric Scott to trade the comfort of his car for a seat on the train every morning after 17 years of driving to the office.
"It's a huge savings," said Scott., "In today's economy, you know, every penny counts so I'm just glad I made that switch."
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| High fares to cut into summer air travel |
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| Guest writes: An industry group says fewer passengers will fly, but planes will still be crowded because of reduced flights to save money as fuel costs rise.
NEW YORK (CNNMoney.com) -- Fewer people will fly this summer, according the Air Transport Association, and those who do should expect higher fares and crowded flights.
"I think that a rise in fares is inevitable," said James May, president of the industry group ATA, speaking at a press conference in Washington, D.C. Tuesday.
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| Farmers unable to cash in on soaring food prices |
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| Guest writes: With costs as high as an elephant's eye, some growers are even cutting back on crops that are in short supply.
All over the world, prices for basic foods -- barley for beer, milk for cheese, corn for tortillas, and the rice that serves as a staple for more than half the world's population -- are soaring. But farmers aren't rushing to cash in on the boom by planting more of the crops.
The amount of corn planted in the U.S. is expected to dip this year. Rice acreage in California, which sells as much as half its crop overseas, is predicted to increase by only a small amount. Instead, farmers are planting cheaper-to-grow wheat and soy.
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| Military cracks down on scrap-metal scavengers |
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| vox_mundi writes: TWENTYNINE PALMS, Calif. - Hundreds of Marines were conducting a combat training mission in the Mojave Desert when an air patrol spotted something kicking up dust: A civilian pickup truck speeding across the barren landscape.
... "This is not just some petty crime. This is dangerous business," said Andy Chatelin, director of range management at Twentynine Palms, which at 932 square miles is the world's largest Marine Corps base.
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| Iran rumor pushes oil to new record, gas jumps above $3.73 |
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| NEW YORK - Oil prices shot to a new record near $127 a barrel Tuesday on reports that Iran is planning to cut crude oil production.
Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.
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| Greek fuel truckers continue strike, supplies dry up |
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| Guest writes:
ATHENS (Reuters) - Greece's fuel truckers on Monday decided to extend a strike that has cut petrol supplies, causing queues at filling stations and transport disruptions that threaten to bring the economy to a halt.
The strike has already lasted a week, leaving about three quarters of Greece's petrol stations without fuel for the fourth consecutive day.
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| Average gas prices set record at $3.72 a gallon |
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| Guest writes: The average price of gasoline jumped to $3.722 a gallon, the government said Monday, up a hefty 10.9 cents in a week and the fourth consecutive record.
Diesel, the fuel of semi trucks, delivery vans and railroad locomotives, shot up 18.2 cents to $4.331 per gallon, guaranteeing higher shipping costs that could boost the price of everything from TVs to tostadas.
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| Nothing governments can do about rising oil prices: oil expert Richard Heinberg |
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| Guest writes: Oil expert and author Richard Heinberg joins Lateline to discuss the phenomenon of peak oil.
TONY JONES: Now to tonight's interview with Richard Heinberg. He's one of the world's leading experts on the phenomenon of peak oil. That's the point at which the world's oil reserves go into decline. The idea is that having reached its peak it's all downhill from there and there's evidence that global rates of oil discovery have been declining since the 1960s, and that new oilfields are becoming more and more inaccessible.
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| UK household energy bills could rise by 46pc this year |
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| Guest writes: The average energy bill for a British Gas customer could rise by as much as 46pc this year, market experts warned today.
If oil and wholesale gas prices continue to soar, energy bills could hit £1,327 by the end of 2008, an unprecedented increase in one year, according to price comparison website uSwitch.
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| Why pump prices need to stay high |
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| Guest writes: Driving less? More than two-thirds of car owners already are. It's a natural reflex to $50-$70 tank fill-ups. But US drivers may also know it's time to pay a price to curb global warming. That may be one reason they reject the campaign stunt of urging a holiday for the federal gas tax.
US politicians can't have it both ways. Most seek the type of solutions for climate change that would raise energy costs, yet they are now trying to prevent the very kind of high pump prices that help drive conservation and green technology.
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| Old gas pumps can't handle ever-rising prices |
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| Guest writes: REARDAN, Wash. - Mom-and-pop service stations are running into a problem as gasoline marches toward $4 a gallon: Thousands of old-fashioned pumps can't register more than $3.99 on their spinning mechanical dials.
The pumps, throwbacks to a bygone era on the American road, are difficult and expensive to upgrade, and replacing them is often out of the question for station owners who are still just scraping by.
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| Guest writes: Centrica, the owner of British Gas, sits between a rock and a hard place. Every time it raises prices for its millions of domestic gas and electricity customers it risks a consumer backlash.
This January's price hike is the main driver for the loss of about 100,000 accounts. Another price rise will see thousands more head for the exit.
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| Oil hits record high 126.40 dollars |
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| LONDON (AFP) - The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
New York crude beat its all-time peak of 126.27 dollars, reached last Friday.
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| World's giants to alter food equation |
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| Guest writes:
As China and India rise, diets change and demands soar
BEIJING — Nothing about the lunch rush at a McDonald's in China would feel out of place in America: Students huddled around video games and fries; a computer salesman scarfing a chicken sandwich; a teacher lingering over a hamburger and coffee. And in that all-American scene lies the next great challenge to the world's food supply.
"It was impossible for my parents' generation to have meat all the time," said 42-year-old teacher Xue Wei, polishing off a piece of pie. "Now, we can eat meat every day."
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| A Peek Behind the Price at the Pump |
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| Guest writes:
FROM Capitol Hill to Wall Street to the campaign trail, the recent surge in oil prices is quickly threatening to supplant the mortgage crisis as the country’s leading economic issue. Last week, prices for crude set another record, finishing at $125.96 a barrel on Friday, while gasoline prices closed in on $4 a gallon.
But even as the presidential candidates debate whether to cut federal gas taxes this summer and legislators look at other ways to ease prices at the pump, a harder-to-control factor is emerging as a main reason behind the increase in energy costs: the sinking dollar.
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