The price of gasoline is one of the most closely watched markets – and it has been since Henry Ford put America in automobiles early in the 20th century. Gas prices are affected by a host of factors.

Oil prices have dropped to less than $54 per barrel, on the news that the United States has 309.3 million barrels in its inventory. * Barrels? Do oil companies really put oil in barrels? Not anymore.

On a side note, here's a little history lesson from your friends at Ticker Sense. You might have noticed long ago that the official abbreviation for barrels (when referencing a barrel of crude oil) is ...

55-Gallon barrels are the liquid storage standard. Learn why they remain reliable, versatile, and durable across industries that demand proven strength. Ask around, and most will picture the same ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

55-Gallon barrels are the liquid storage standard. Learn why they remain reliable, versatile, and durable across industries that demand proven strength. Ask around, and most will picture the same ...