I have been warning that gas prices have to move up. Refinery margins are getting killed, oil prices are rising, and gasoline prices are flat. Some are convinced that it is just manipulation to get […]
Tag: gas prices
This Week in Petroleum 10-31-07
Halloween Edition – Updated following the release of the report Overall inventories decreased, and there was a fairly large crude draw, which is likely to push oil prices up from here. If the Fed cuts […]
100% Manipulation?
From the Detroit Free Press: Oil prices go sky-high, but don’t fear $5 gas If oil prices reach $100 a barrel for the first time, does that mean gasoline will be $5 a gallon? Analysts […]
Which Way is the Wind Blowing Today?
Today, a story from CNN caught my eye: Here comes $100 oil, and $3 gas “Three dollar gasoline in this market is unavoidable,” said Stephen Schork, publisher of the industry newsletter the Schork Report. “At […]
This Week in Petroleum 10-24-07
Whoa! The analysts missed this one by a mile. Here were the predictions, prior to the release of the report: Analysts surveyed by Dow Jones Newswires on average predict crude inventories rose 300,000 barrels during […]
This Week in Petroleum 10-17-07
As I watched oil hit $89 earlier today, I just shook my head and said “We have to be very close to the top.” After all, this happened in spite of bearish news that crude […]
Oil Tops $85
Update: Oil smashes $86 for the first time This week’s inventory report will be very interesting. If there is a significant build, the price could unravel quickly. If there is another surprise on the downside, […]
This Week in Petroleum 10-3-07
I almost never talk about distillates, which are hydrocarbons that are heavier than gasoline and are used to make diesel and heating oil. I don’t use heating oil or diesel, so I don’t think about […]
This Week in Petroleum 9-26-07
Three weeks ago I wrote that I expected gas prices to rise, which is unusual for this time of year: I predict that prices will continue to rise. I think they have to. I also […]
This Week in Petroleum 9-19-07
Some surprises in this week’s numbers: The Energy Department’s Energy Information Administration reported that crude inventories fell by 3.8 million barrels during the week ended Sept. 14, more than double the 1.5 million-barrel decline analysts […]