May 2007 - Posts

• Sobering Up

  Wednesday, May 30, 2007 9:06 AM
  

  I’ve been saying for some time that U.S. gasoline prices are “sloppy drunk” and it finally appears that they are about to go into rehab. The next 40 days or so represents the best chance to get healthy on the supply front and that should Read More... Posted Wednesday, May 30, 2007 9:06 AM by Tom Kloza | 0 Comments

• Memorial Day Musings On Gasoline

  Friday, May 25, 2007 10:56 AM
  

  News item . . . The nationwide retail gasoline price dropped overnight after setting an all time record of $3.227 gal on May 24. Don’t get too excited. Prices dipped by only 0.2cts gal nationally, and perhaps the largest decreases were a penny or Read More... Posted Friday, May 25, 2007 10:56 AM by Tom Kloza | 0 Comments

• An Incredible Day in the Oil Markets

  Tuesday, May 22, 2007 5:30 PM
  

  Today was an extraordinary day in U.S. oil markets. Retail gasoline climbed to its highest level ever - - $3.209 gal for the national average - - but the huge bulk wholesale markets plunged. The overheated pipeline markets - - where large slugs of refined Read More... Posted Tuesday, May 22, 2007 5:30 PM by Tom Kloza | 0 Comments

• Most Gasoline Records Fall, But California Backs Down

  Monday, May 21, 2007 10:14 AM
  

  Street prices for gasoline have spiked to new record highs in most areas of the country, save the East and Gulf Coast, according to OPIS data just compiled for AAA. This morning’s data, representing over 100,000 unique stations in the U.S., shows Read More... Posted Monday, May 21, 2007 10:14 AM by Tom Kloza | 0 Comments

• Black Swans, Wolves, and Golden Geese

  Friday, May 18, 2007 9:34 AM
  

  Eleven states have now surpassed an average gasoline price of $3.25 gal, and that is a number that I’ve previously indicated represents the tipping point for fuel consumption. Those high priced states - - mostly in the West and Great Plains - - Read More... Posted Friday, May 18, 2007 9:34 AM by Tom Kloza | 0 Comments

• The Violence of Petroleum Weather

  Wednesday, May 16, 2007 4:14 PM
  

  When I was a struggling student in high school Earth & Space Science, I learned that weather results from the uneven heating of the earth . Midwestern states in the U.S. represented the greatest clash of systems, and accordingly, that explained the Read More... Posted Wednesday, May 16, 2007 4:14 PM by Tom Kloza | 0 Comments

• Hot Spots in the Heartland

  Monday, May 14, 2007 8:41 AM
  

  This morning brings with it a record nationwide average price for gasoline as well as individual record highs for some nineteen states . But for those who believe the glass is “half full”, you can take consolation in the fact that California Read More... Posted Monday, May 14, 2007 8:41 AM by Tom Kloza | 0 Comments

• May Brings Myths & Mayhem To Gasoline Price Picture

  Thursday, May 10, 2007 8:52 AM
  

  Today, I’d like to do nothing more than debunk some long standing, and some brand new myths that are being cultivated in the Petri dish of modern media, internet screeds, and shallow observation. This is a good day to step back from pure matters Read More... Posted Thursday, May 10, 2007 8:52 AM by Tom Kloza | 0 Comments

• We've Hit $3.00 Gal, But For How Long?

  Friday, May 04, 2007 3:10 PM
  

  If you had May 4 as the target day for 2007 gasoline prices hitting $3.00 gal, this is your lucky day and you can cash in on the office pool. The average retail price for unleaded regular hit $3.012 gal this morning, up 31.2cts gal in one month, but a Read More... Posted Friday, May 04, 2007 3:10 PM by Tom Kloza | 0 Comments Filed under: Ethanol, Crude, Biodiesel, Retail, Gas Prices, Jet Fuel, Wholesale Racks, Petroleum Marketers, OPIS, Detroit, Auto show, Chevron, Wall Street, ConocoPhillips, Shell