Get Ready For $2 Gas as Fuel Prices Continue to Rise
The national average price for a gallon of gasoline posted their seventh consecutive gain on Tuesday, ... to data from the Department of Energy. Futures traders were also worried about potential fallout ... gasoline prices generally lag beind oil futures which traded above $50 a barrel today, up from below $32 [more...]
Date: 2009-01-06 18:18:07
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Crude oil price goes down
The report suggesting demand for energy will continue to erode; pressurized crude oil prices to move down ... , leading to growing stockpiles of gasoline and eroding demand for motor fuel. Gasoline futures plummeted below 80 cents a gallon. Investors expecting more evidence of slowing U.S. energy demand got a bit [more...]
Date: 2008-12-25 07:24:42
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-02 21:23:20
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]
Date: 2009-01-03 09:25:14
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
By Pham-Duy Nguyen Jan. 1 (Bloomberg) — Commodity prices in 2008 plunged the most in five decades as demand for energy, ... , the slumping economy drove crude oil, gasoline, copper, corn, and wheat down from records in the first ... commodities to post gains. Gasoline futures declined to $1.0082 a gallon last year on the New York [more...]
Date: 2009-01-01 18:57:26
GasPredictor.com Announces First Local Edition of Gas Predictor Newsletter
Forecasts of the next day's gas prices in Nashua, New Hampshire, will be available via e-mail commencing Monday, January 12, ... at about 4:30 PM Eastern Time, are based on the price of gasoline futures and on the retail prices ... providing short-term forecasts of changes in retail gasoline prices, has announced that its first [more...]
Date: 2009-01-08 09:45:00
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... percent, the most among CRB components. Cocoa climbed 31 percent, the biggest increase. Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined to $1.0082 a [more...]
Date: 2009-01-02 17:46:41
Gas Prices Could Hit $1 a Gallon
While recent economic news has been grim, we can at least take a little solace that gas prices have plummeted ... in just the last week. And there’s no indication that we’ve hit the bottom. January gasoline futures are currently [more...]
Date: 2008-12-06 15:32:42
Senate Republicans Block Gas Price Reduction And Housing Crisis Measures-- Right-wing Ideology Trumps Common Sense (Again)
Lunsford & McConnell: different eating habits/similar energy policies Only 13 Republican senators voted against the bill that would allow the federal ... up gasoline prices by manipulating the futures markets. Every Democrat plus Lieberman and the one actual [more...]
Date: 2008-07-25 22:24:28
After the Bell Wrap-Up - January 8, 2009
The markets gave a valiant effort today to shrug off more disappointing economic news to trade higher, ... . In additional NYMEX trading, gasoline futures added $0.0118 to $1.0882 a gallon. Heating oil dropped [more...]
Date: 2009-01-08 21:10:00
End of the Day Write-Up - January 9, 2009
With the job market in utter chaos, the equity markets responded negatively to the dire economic news released today ... trading, gasoline futures added $0.023 to $1112 a gallon. Heating oil slipped $0.032 to $1.4877 [more...]
Date: 2009-01-09 21:17:00
Oil sinks again, but market tries to draw line at $60 a barrel
The crude oil market looks as if it’s trying to make a stand at the $60-a-barrel level, raising questions about how much lower gasoline prices might go. Near-term oil futures fell ... materials. The price then bounced up to $63 by 11 a.m. PST, only to fall back again. Futures ended [more...]
Date: 2008-11-06 21:08:58
Democratic Energy Bill Defeated; Republicans Show Some Stones
—Gabriel Malor Harry Reid's attempt to interfere in the commodities exchanges failed this morning along mostly partisan lines. Democrats are blaming high gasoline prices on "excessive" speculation in oil and gas futures. This is typical of Democrats, who would rather blame hedge funds (framed as "fat cats", but who serve [more...]
Date: 2008-07-25 18:45:08
Oil prices surge on production cuts and promises of more
Those dreams of $1-a-gallon gasoline are fading fast ... from further declines. Near-term futures in New York jumped $4.46, or 10%, to $47.98 a barrel ... and from gas," he said. "I believe that we mustn't rule out any options." Defensive measures may include [more...]
Date: 2008-12-12 02:14:29
1-7-2009 (Wed Afternoon) Fin. & Econ. Activity
U.S. stocks slid the most in two weeks as a private report showed employers cut more jobs than estimated in December and companies from Alcoa Inc ... it better,” Schumer said - Bloomberg Oil futures tumbled 12 percent, the most in more than seven years ... , gasoline and distillate fuel as demand dropped. Inventories of crude oil rose 6.68 million barrels [more...]
Date: 2009-01-07 21:40:05
Truth or Consequences
Of those reading this website in the early days, many expected that by 2008 the world would begin to look like a different place ... in stealth mode: supply side investments are being crimped due to low commodity prices, and investment ... strapped, but gasoline at under $2 a gallon, (arguably the scarcest input into societies' future - see [more...]
Date: 2008-11-16 16:38:50
Oil Falls Below $40 as Mideast Fighting Rages
LONDON: Oil fell below $40 a barrel on Tuesday, pressured by gloom about prospects for world economic growth which outweighed heightened tensions in ... this year, its biggest annual fall since futures began trading 25 years ago. It has dropped more than ... and gasoline stocks increased by 1.5 million barrels. Weekly U.S. fuel inventory data is due [more...]
Date: 2008-12-30 13:22:57
A Surge in Bicyclists Appears to Be Waiting
After a summer of their dreams, bicycle store owners are facing a grim reality this winter. ... . Business skyrocketed last summer along with gasoline prices, Mr. Graves said, especially sales ... 14 percent, products upStock index futures point to rebound ahead of dataRetail Sales Plummet [more...]
Date: 2008-12-31 22:29:01
Congress' Golden Opportunity To Stabilize Oil Prices
Prior to this summer I spent three years warning my clients as to the danger that rising oil prices presented to our economy ... and gasoline prices topped $4.00 per gallon, our congress should act now to counteract future volatility [more...]
Date: 2008-11-13 14:52:00
The Good News Of 2008: Gas Prices Down
Retail gasoline prices tumbled Friday to the lowest level in nearly five years. And while crude futures rose, analysts believed it was a temporary pause in an extended, downward ... in July" for gasoline, said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service [more...]
Date: 2008-12-30 09:21:00
Crude drops for fifth straight day
Prices drop by more than 7% on demand concernsAfter rallying for four previous sessions, ... Monday, crude-oil futures for light sweet crude for February delivery closed at $37.59/barrel (lower ... reformulated gasoline sank 2.4% to $1.0841 a gallon, while February heating oil lost 2.1% to $1.4877 [more...]
Date: 2009-01-13 02:42:00
Gasoline
... the commodities market with inflated futures prices. Fear of political production disruption or supply cutback [more...]
Date: 2009-01-06 21:21:15
Retail gasoline prices drift to 58-month low
Retail gasoline prices tumbled Friday to the lowest level in nearly five years ... . And while crude futures rose, analysts believed it was a temporary pause in an extended, downward arc as the recession spreads. AP Oil at 120 “We’re paying about a billion dollars per day less [more...]
Date: 2008-12-27 04:46:03
#19-AubreyJ’s Energy Update Report - Tuesday, Dec. 30, 2008
AubreyJ’s Energy Update ReportCrude Oil Price falls below $40.00 a barrel -- again...+ LATEST News out on the Shale Plays.. ... posted on their website today and it goes in part link this...Oil futures slipped below 40 dollars ... downwards: traders.* The LATimes.com website reports... The U.S. average retail gasoline price fell [more...]
Date: 2008-12-31 00:03:00
Oil Squeeze? Blame Yourself
The Journal’s Russell Gold reports: When it comes to the price of crude oil and gasoline, who is in the driver’s seat? One common answer is no one ... into the commodity futures market. All of this plays a role: the availability of supply, financial market interest in commodities, and don’t forget the strength of the U.S. dollar (the global [more...]
Date: 2008-09-03 18:43:00
Despite recent price rise, traders seeking tankers is bearish for oil
Filed under: International markets, Commodities, OilThose investors ready to position themselves in oil stocks, or perhaps even dabble in oil futures, may want to wait a while. Oil traders are seeking ... ." Dietz added that he was currently short unleaded gasoline, with a monthly contract. Continue reading [more...]
Date: 2009-01-07 18:45:00
Green Ink: Gas Taxes and Green Wishlists
paper Crude oil futures rebounded to $52 in the wake of China’s interest rate cuts, ... investors, in the WSJ (sub reqd.). Lower gasoline prices revive talk about a gas tax, but it would need [more...]
Date: 2008-11-26 13:37:31
Oil jumps 14 percent, products up
Text By Edward McAllister NEW YORK (Reuters) - U.S ... of commodities on Wednesday, tracking a jump in gasoline for example a slowdown in domestic refinery activity sparked fears of tightening combustible matter supply this winter. U.S. crude oil futures [more...]
Date: 2009-01-01 04:57:02
Soda Popping
Soda Popping by John ~ January 11th, 2009 | (0 views) Financial bubbles have burst all throughout the financial industry ... with the fallout from a volatile stock market. Beverage manufacturers have seen those costs passed ... by Americans) there is no fall in soft drink prices… Or Corn futures for that matter. Another quirk [more...]
Date: 2009-01-11 16:15:53
Wednesday morning links
TOP STORIES Vote on Detroit Bailout Nears - Washington Post China’s Exports Decline for First Time in 7 Years - MarketWatch Rio Tinto to cut 14, ... offer to resolve worker sit-in - Reuters MARKETS/INVESTING Gold futures rise for a third session as oil rallies - MarketWatch Questioning the Commodities Super Cycle - Naked Captialism The Shadow Gold [more...]
Date: 2008-12-10 16:33:55
$43.96
If oil has declined why has the cost of gasoline gone up. It was below $1.50, now it's above $1.50. A little stability would be nice for a change. I hope the bottom falls out of the market. Maybe if all the investors lose their shirts,then will try to make money else where. Maybe they should manipulate the Fig Newton Futures exchange [more...]
Date: 2009-01-07 19:47:00
This Man Can Reduce Your Energy Bill to $0.00
Mike Strizki, an engineer in Hunterdon County, New Jersey, is building up a small business that saves big money on energy costs for his customers ... for their futures.” “God bless them, because we’re learning a lot from these guys ... ) of gasoline–in these used propane tanks from the 1970s Strizki said he made the impressive switch to self [more...]
Date: 2009-01-07 15:27:34
ARTICLE: "Thais Lead Drive to Natural-Gas Cars: Subsidies, Volatility of Oil Prices Spur Move Even as a Campaign Starts in U.S ... for now. Thailand has oil, but has even more natural gas. When we did our energy futures game ... and environmentalists combine to try and talk Americans into switching to natural gas cars. Success [more...]
Date: 2008-11-26 18:19:05
Why are prices falling? Why does this scare the bourgeoisie?
by Eddy Laing“Credit Suisse chief economist Joseph Tan told The Straits Times that the dramatic fall in prices was due to ‘massive unwinding’ by ... . These speculators - whose bets on future prices drove prices to record highs - are fleeing to safer havens ... (a ‘commodity’ to Marxian economists) is determined by the amount of labor that goes into [more...]
Date: 2009-01-11 17:02:15
Green Ink: Electric Cars and Barricades
paper Crude oil futures rebounded above $50 as governments around the world suggest measures to revive demand and OPEC’s previous production cuts ... to lower the cost of energy to proposals to keep gas prices high enough to benefit alternatives, the WSJ reports (sub reqd.). In the meantime, lower gas prices are a nearly $300 billion shot in the arm [more...]
Date: 2008-11-21 13:14:30
False Diagnosis of Deflation
by Jim Willie, CB. Editor, Hat Trick Letter | January 2, 2009 One of the most bothersome questions from 2005 to 2007 used to be whether the Untied States would ultimately submit to inflation or deflation. This is actually the wrong question. Many analysts in my view are incorrect in their conclusion that the US suffers from a powerful deflation [more...]
Date: 2009-01-07 14:01:11
DrumBeat: December 29, 2008
Gazprom, Once Mighty, Is Reeling MOSCOW — A year ago, Gazprom, the Russian natural gas monopoly, aspired to be the largest corporation in the world. Buoyed by high oil prices and political backing from the Kremlin, it had already achieved third place judging by market capitalization, behind Exxon Mobil and General Electric [more...]
Date: 2008-12-29 14:06:30
Did Speculation Fuel Oil Price Swings?
(CBS) About the only economic break most Americans have gotten in the last six months has been the drastic drop in the price of oil, which has fallen even more precipitously than it rose. In a year's time, a commodity that was theoretically priced according to supply and demand doubled from $69 a barrel to nearly $150 [more...]
Date: 2009-01-12 15:10:00
Oil Falls below $42 a barrel
LONDON: Oil prices fell below $42 a barrel Friday after Russia and Ukraine said a dispute over natural gas payments wouldn’t affect shipments to ... , then you will see an increase in the usage of oil instead of natural gas. It will have an impact on oil prices,” ... in the oil-rich Middle East helped keep prices from falling further. Israeli troops massed [more...]
Date: 2009-01-02 13:21:38
DrumBeat: December 18, 2008
Oil drops 9 pct as demand outlook overshadows OPEC NEW YORK (Reuters) - U.S. crude prices dropped more than 9 percent to $36 a barrel Thursday as slumping demand and swelling U.S. inventories offset OPEC's record supply cut agreement. The Organization of the Petroleum Exporting Countries on Wednesday agreed to cut output by 2 [more...]
Date: 2008-12-18 13:42:11
The End of “Cheap Gas” will come Sooner than you Think!
2008 brought about mixed emotions. On one hand we had cheaper gasoline than we’ve seen in many, many years (the good) ... to a buck and change…however, everyone knows someone out of work now and that’s very scary!Oil futures ... break their free fall! Any of you out there that are technical traders will note how stretched [more...]
Date: 2009-01-06 00:05:00
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
Crude Oil Industry Headline News
"Crude Oil Plunges After Report of Larger Than Expected U.S. Supply Gains"Oil futures tumbled after a U.S ... and distillate fuel....Complete Story"Gas Crisis Freezes Economies in Balkans, Turkey"Russian halted natural gas deliveries to Europe via Ukraine Wednesday amid freezing winter temperatures, escalating [more...]
Date: 2009-01-07 18:45:00
Green Ink: Pricey Nukes and Supervolcanoes
paper Crude oil futures jumped above $50 after Kuwait and Qatar said they would trim January oil shipments, ... . But oil prices are still low enough to cause pain to big producers, like Venezuela, which has scrapped its $100 million heating-fuel giveaway to U.S. consumers, in the WSJ (sub reqd.). Where is Big [more...]
Date: 2009-01-06 13:00:44
Don't Get Used to Cheap Oil.
Source: http://www.sfgate.com/All that money you're saving these days at the gas pump? You might want to put it in the bank ... , a natural resources analyst at Weiss Research Inc.High prices at the pump last summer — more than $4 per gallon for gas on average — helped slash demand for oil. From November 2007 to October 2008 [more...]
Date: 2009-01-07 16:45:00
Oil Watch: Crude Tumbles on U.S. Inventory Data
Well, oil bulls are going to have to wait a little longer for a sustained crude rally. Dismal U.S ... 800,000 barrel rise. Stock buildup is an indication the economy isn’t using as much oil. Of course, it’ ... is trading at about $60.17, or roughly a $15 premium to February contracts. That kind of price [more...]
Date: 2009-01-07 17:55:16
Oil Ready For Another Big Bull Run?
Bolling: Oil Should Be in the $70-$85 Range, Buy the DipsPosted Jan 07, 2009 11:53am EST by Aaron Task in Investing, CommoditiesRelated: USO, DUG, ... futures contracts expire each month.Bolling said he will add to the USO position if/when spot crude falls ... from the different brokerage houses areall over the place. The parameters they are looking at [more...]
Date: 2009-01-07 21:15:00
Oil prices slip as US unemployment jumps
VIENNA, Austria (AP) — Worries about global economic growth and a U.S ... delivery was down $1 at $40.70 barrel by midday in Europe in electronic trading on the New York Mercantile ... shells."Some traders may be nervous fighting could spread," said Clarence Chu, a trader with market [more...]
Date: 2009-01-10 00:38:00
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