Gasoline: 2 Bugbears, 5 Reasons, 1 Reality
This is my final rant about gasoline prices (for now), so please humor me. First up, I have two bugbears relating to current gasoline prices: a) higher prices are hurting the economy, and b) this isn’t a supply-driven issue (so there is no need to tap emergency reserves). Higher prices are hurting the US economy, because [...] More »
Obama urges Congress to nix oil, gas tax provisions
President Obama called on Congress Thursday to hold a prompt vote on repealing tax provisions for the oil-and-gas industry amid continually rising gasoline prices. More »
Gasoline and oil prices continue to march higher
The price of West Texas Intermediate, the U.S. oil used as a benchmark, rose $1.77 to end at $108.84 a barrel. More »
Murkowski: Obama partially right on gas-price solutions
Republican Sen. Lisa Murkowski today said she agreed with President Obama that no short-term fixes exist for rising gasoline prices. But she suggested Obama’s rhetoric for more oil-and-gas production as part of an “all-of-the-above” strategy hasn’t matched his actions. More »
Oil prices rise though gasoline demand falters
West Texas Intermediate, which is used to price oil produced in the U.S., rose 52 cents to $107.07 a barrel. More »
Oil declines but pump prices keep rising
Nationwide, gasoline prices are 10 percent higher than a year ago — and at their highest level ever for the end of February. More »
Oil prices rising to near 2011 highs
On Friday benchmark West Texas Intermediate crude rose by $1.94 to end the week at $109.77 per barrel in New York. More »
Benchmark oil price hits a 9-month high, near $108
The ongoing tension between western nations and Iran is continuing to drive oil prices higher.
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How Predictive Indicators Fall Short When It Comes To Gasoline
As companies adopt increasingly sophisticated ways to reach customers or identify trends, they are getting super-sleuthishly good at coming up with predictive indicators. I’ve come across a couple of somewhat wacky ones in the last week, and I thought I would share them (especially as regular readers already know that quirky indicators are the way [...] More »
Oil prices rise on continued concern about Iran
Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London. More »
The Cost of $100 Crude
This post was written by Keily Miller, Research Associate at the Baker Institute Energy Forum. Saudi Oil Minister Ali Al-Naimi’s statement in mid-January that $100 constitutes a “fair” price for a barrel of crude appears to have been met with uncharacteristic agreement across OPEC member states. In an interview with Austrian newspaper Kurier at the [...] More »
Crude oil settles at its highest level of 2012
Benchmark U.S. crude rose 93 cents on Friday to end the week at $103.24 per barrel in New York. More »
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