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Oil Sets New Record; Drivers Go Into Hock
Crude oil prices hit another record Friday, at $75 a barrel. Gasoline prices are also climbing, as well. While for most Americans the rising cost of gasoline is just an annoyance, evidence suggests that some drivers are beginning to sell personal valuables just to keep their gas tanks full.
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Nation Tips Its Hat to the American Cowboy
Spearfish, S.D., is the center of all cowboy activities/history/memorabilia in a five-state region and is planning a celebration to commemorate the national 'Day of the Cowboy' later in the week. The focus will be the historic cattle drive trail from Texas to Montana. Ranchers whose families have been in these states for generations will attend.
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Diesel Prices Remain High as Gas Prices Drop
Gasoline prices have been falling over the past month, with the average dropping 20 cents in the last three weeks. But diesel users have not seen the same price improvements.
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Bush Halts Oil Deliveries to U.S. Strategic Reserves
President Bush stops the purchase of crude oil this summer for the government's emergency reserve, making more available for public consumption. He is also suspending and easing some environmental rules in hope of increasing refining capacity.
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Brazil Nears Oil Independence
Brazilian oil company Petrobras officially opens its latest deep-water oil platform. The new rig is expected to end decades of Brazilian dependence on foreign oil, and protect the country's economy from oil-price shocks.
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How Americans are adjusting to record inflation
Americans have cut back what they're buying at gas stations and grocery stores in response to rising prices. But their spending overall has remained fairly steady.
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3:45
Taking Flight in Tiny Aircraft
In December 1903, the Wright brothers gave wing to the idea that man could fly. Aviation has come along way in the past century, but some pilots still prefer to take to the skies in ultralight planes not much bigger than the one used in the original flight at Kitty Hawk. Hal Cannon of the Western Folklife Center profiles maverick ultralight pilot Arty Trost.
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Rural Co-Ops: Saving Shopping Options
More than a dozen rural communities have invested in co-operative groceries and department stores to fill gaps left by the absence of chain outfits. NPR's Howard Berkes examines examples like The Merc in Powell, Wyo., and the Wolf Den market in Arthur, Neb.
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4:49
Biden will ease restrictions on higher-ethanol fuel as inflation hits a 40-year high
E15 fuel is normally banned from sale in the warmer summer months because of concerns about air pollution. Biden said the U.S. will invest $100
News brief: Inflation data, U.S.-India summit, Elon Musk and Twitter
Inflation, at a four-decade high, could go higher. U.S. officials met with their Indian counterparts about Russia. Elon Musk, Twitter's largest shareholder, could become an activist investor.
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