June 2007 - Posts

• Petroleum Potpourri & More

  Thursday, June 28, 2007 6:14 PM
  

  Sitting on a park bench. Eyeing little girls with bad intent. The words are from Jethro Tull , but the couplet could describe the public’s viewpoint of Big Oil these days, and I suspect that the next few days will bring a crescendo of Big Bad Oil Read More... Posted Thursday, June 28, 2007 6:14 PM by Tom Kloza | 0 Comments

• Missing a Quarter, and Waiting for Godot

  Monday, June 25, 2007 5:25 PM
  

  It is now safe to predict that when the ongoing second quarter ends Saturday, the fossil record will show an all time quarterly high for gasoline prices. As of today, the quarterly average retail price has been $2.9961 gal. It may ease just a bit between Read More... Posted Monday, June 25, 2007 5:25 PM by Tom Kloza | 0 Comments

• Back Below $3 Gal We Go

  Wednesday, June 20, 2007 9:14 AM
  

  Today is the last day of Spring, and while we will pay on average about 40cts gal more for each gallon of gasoline than the first day of the season, we have dipped back below $3.00 gal as a country . Today’s national average compiled by OPIS for Read More... Posted Wednesday, June 20, 2007 9:14 AM by Tom Kloza | 0 Comments

• Crude Nears $70 bbl, but this time . .. It's Different

  Monday, June 18, 2007 5:57 PM
  

  West Texas Intermediate (WTI) crude oil prices today closed at their highest level since September 1, 2006. It is almost certain that we’ll see some trades at $70 bbl or higher in the next few sessions. But don’t blame Nigeria . True to form, Read More... Posted Monday, June 18, 2007 5:57 PM by Tom Kloza | 0 Comments

• Gasoline & Ethanol Continue June Swoon

  Tuesday, June 12, 2007 9:23 AM
  

  American motorists will most commonly pay less than $3.00 gal for their fuel within the next few days or weeks, down from the all time high of $3.227 gal reached just before Memorial Day weekend. That should make an additional $60 million each day available Read More... Posted Tuesday, June 12, 2007 9:23 AM by Tom Kloza | 0 Comments

• Watch Out For Falling Prices, And Beware Of Oil Analysts

  Friday, June 08, 2007 5:24 PM
  

  Alert the media. Gasoline prices are falling, perhaps not at the rocket-like pace with which they were launched, but by considerably more than the feathery drops that we have come to know and love. Ten states now have average retail prices of less than Read More... Posted Friday, June 08, 2007 5:24 PM by Tom Kloza | 0 Comments

• Where Have You Gone, Miss Crabtree?

  Wednesday, June 06, 2007 9:36 AM
  

  Retail gasoline prices begin today at $3.14 gal, representing a daily U.S. consumer payout of about $1.247-billion for fuel. That’s down from the $1.25-billion to $1.27-billion dollar numbers that have been with us since Memorial Day weekend, but Read More... Posted Wednesday, June 06, 2007 9:36 AM by Tom Kloza | 0 Comments

• Shallow Nation: Why We Should Fear Hurricane Season

  Friday, June 01, 2007 4:31 PM
  

  Regular readers know that I often lambaste the fuel price alarmists, particularly those who cheerlead each gasoline rally, and talk of $4.00 gal averages as a certainty. This is not a flip/flop, but today is the first day of hurricane season, and I’m Read More... Posted Friday, June 01, 2007 4:31 PM by Tom Kloza | 0 Comments