Oil

Fishing and tourism are two multi-million dollar industries in North Carolina, but Dr. Mike Walden's new study says there could be even more money to be made if the coastline had a slightly different view featuring drilling wells. Full story...

The Republican governors of Virginia, North Carolina and South Carolina are appealing to the Obama administration's choice for interior secretary to open up waters off their states' coasts to gas and oil exploration. Full story...

Gasoline prices have finally dropped after 27 days. The nationwide average for regular unleaded slipped less than a penny to $3.764 per gallon on Tuesday. Full story...

Crews investigated an oil leak this morning along the Wilmington riverfront. The Coast Guard and Wilmington Fire Department were called out around 8 a.m. after someone walking along the Riverwalk spotted the oil in the Cape Fear River. Full story...

Officials at North Carolina's Marine Corps Air Station New River are using oil-absorbing booms and vacuum trucks to suck up fuel from a pipeline leak. Full story...

Exxon says it earned nearly $11 billion in the first quarter, a performance that will likely land it in the center of the national debate over high gasoline prices. Full story...

Including the change in gas prices in North Carolina during the past week, prices yesterday were 77.7 cents per gallon higher than the same day one year ago and are 42.2 cents per gallon higher than a month ago. The national average has increased 36.0 cents per gallon during the last month and stands 73.6 cents per gallon higher than this day one year ago. Full story...

With the price of gas at an all time high, people are looking to Washington for a solution. In the U.S. alone, we consume nearly 21 million barrels of oil in a given day. To help alleviate the problem, President Bush has proposed lifting the offshore drilling ban for oil and natural gas. Full story...

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