$4 Gasoline Has Arrived

Gas Prices in San Francisco We no longer have to talk about the possibility of $4 gasoline. It is here. $4 Gasoline in San Francisco Thanks to Stuart Staniford for providing this picture. He lives […]

Tyson Slocum is Wrong

Time to debunk another perpetual myth. In a story today in CNN – Big Oil’s Money Machine – consumer advocate Tyson Slocum makes the following claim: “Are we getting any bang for our buck with […]

This Week in Petroleum 4-25-07

2nd Update: The gasoline supply situation in the U.S. is just about unprecedented, and for April it is unprecedented. If I go back to 1991 (as far back, it appears, as the EIA maintains a […]

This Week in Petroleum 4-18-07

Really late getting this out this week, but it has been a very hectic 24 hours. I have about 3 posts I need to write up. This week’s report highlights: U.S. crude oil refinery inputs […]

This Week in Petroleum 4-11-07

Update: Gasoline Inventories Are Plummeting This week’s report highlights: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.7 million barrels compared to the previous week. At 333.4 million barrels, […]

Artificial Gasoline Shortages?

I need to start doing a weekly column on the Foundation for Taxpayer and Consumer Rights (FTCR) to address their weekly hysterical news releases about the oil industry. The last time it was criticizing the […]

This Week in Petroleum 4-4-07

I don’t think I have ever seen the forecasters miss the estimate this badly. They were forecasting a 300,000 barrel decline in gasoline stocks, and instead got a 5 million barrel decline. For the first […]

This Week in Petroleum 3-28-07

The supply situation is quickly coming to a head, and many questions will be answered in the coming weeks. Will OPEC increase oil production? Can they? Will there be any relief from rising gasoline prices? […]

Why Are Gas Prices Rising?

Gas prices are once again headed higher, and most people are probably wondering why. The Charleston Gazette (1) provides a typical reaction: Lee Franc, a client manager from St. Petersburg, spent about $40 to put […]

Wisconsin’s “Robin Hood” Tax

Those Bewildering Energy Markets Wisconsin Governor Jim Doyle has a new proposal for punishing those “greedy, gouging oil companies” for their “unfair profits.” His proposal is to rob from the “rich” – the oil companies […]