Update: Seems other critics quickly emerged: McCain’s gas tax cut draws fire Analysts criticized the proposal for doing little to either stimulate the economy or lower gas prices, and say it could potentially leave roads […]
Tag: gas prices
Implosion of the Airline Industry
I have heard a lot of people over the years predict that one of the first casualties of Peak Oil would be the airline industry. When fuel prices rise, airlines have to raise prices. When […]
Truckers Back Speed Limit
In my opinion, one of the quickest ways to reduce our oil consumption in the U.S. is by lowering the speed limits. I suggested this in an essay a couple of years ago: I Can […]
Today’s Stories of Interest
There were quite a few interesting stories today, so here are a few Drumbeat-inspired headlines and excerpts. Gasoline: Painful, and getting worse NEW YORK (CNNMoney.com) — So gasoline prices are at an all-time high. But […]
A New Gasoline Price Record
Update: I am gasoline-centric like most in the U.S., but as a reader pointed out, diesel prices are way up there as well. Whereas gasoline just barely beat last May’s record, diesel is currently $1.00/gal […]
This Week in Petroleum 1-30-08
Updated Gasoline inventories did in fact edge upward, as gasoline imports were very strong. Had that not been the case, gasoline inventories would have definitely come down, as utilization continues to trend down. In fact, […]
This Week in Petroleum 1-24-08
Updated: Not too much to get excited about. Those reports of some refineries coming down early for turnarounds due to low margins look to be accurate, given the drop in refinery utilization. That would also […]
One Confused Economist
This story baffles me. High fuel prices are puzzling The middlemen who buy and sell fuel on the wholesale market have seen Los Angeles gasoline prices plunge more than 50 cents in the last two […]
The AP on Oil and Gas Prices
The Associated Press takes a question on oil and gas prices, and does a pretty good job explaining the factors affecting prices: Ask AP: Your News Questions, Answered Q: Background (my numbers maybe a little […]
This Week in Petroleum 1-16-08
With all of the traveling, and then trying to catch up after the holidays, I haven’t had time to do a proper TWIP. Anyway, mostly what we saw for the past month were crude draws, […]