From the Dallas Morning News: Jul. 9–Consumers watching the news about soaring crude oil prices normally would expect to pay for those increases at the pump. But since May, that has not been the case. […]
Tag: gas prices
Hot Gas Issue Heating Up
Several people have asked me about this recently, and it has been in the news quite a bit, so this is a good time for an update. I have previously written 2 essays on the […]
This Week in Petroleum 6-13-07
Update: Very brief update. First, I just came back from the hospital, where they extracted a small boulder from my kidney. With that, I put this horrible episode behind me. On the inventory report, I […]
Gasoline Prices Part II: Long-Term Factors
Introduction In Part I, I discussed the short term factors that have resulted in the recent, rapid increase in the price of gasoline. But there are a number of underlying, long-term issues that have been […]
This Week in Petroleum 6-6-07
Update: The numbers are out. Gasoline made a strong gain this week, as imports remained high. Demand remains well above last year’s numbers. Given that imports were down slightly over the previous week (but still […]
Gasoline Prices – Part I: Immediate Causes
Note: This essay was published at Financial Sense on May 31, 2007. Introduction As of this writing in late May 2007, gasoline prices have increased by over $0.70 per gallon since March. This is great […]
This Week in Petroleum 5-30-07
2nd Update: The data have been released: Summary of Weekly Petroleum Data for the Week Ending May 25, 2007 As I have been predicting, this was an all-time record low gasoline inventory for Memorial Day […]
API Conference Call on Gas Prices
On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I […]
This Week in Petroleum 5-23-07
Some Reactions to Gasoline Inventories From Bloomberg: Crude Oil Is Steady as U.S. Gasoline Supplies, Demand Increase “Inventories are growing but we are still in big trouble with gasoline supplies,” said Phil Flynn, vice president […]
Congress Takes Aim at OPEC
From the Houston Chronicle: House legislation would label oil cartel’s actions as illegal Championed by House Judiciary Committee Chairman John Conyers, D-Mich., the bill would essentially make it illegal for foreign nations like those in […]