August 2007 - Posts

• Nonsense, Fuel Prices, & Sloppy Drunks

  Friday, August 24, 2007 5:23 PM
  

  Today was a particularly annoying day. A couple of “analysts” were cheerleading a new bull market in energy on some cable broadcasts, and I do not concur with the precious insight that comes with owning oil futures, or managing the positions Read More... Posted Friday, August 24, 2007 5:23 PM by Tom Kloza | 0 Comments

• Ten Oil Questions For The Last Ten Days Of August

  Tuesday, August 21, 2007 10:09 AM
  

  News item : Retail gasoline prices for regular gasoline rose in the last five days by about two cents per gal to $2.777 gal, according to the data OPIS compiles for the AAA FuelGauge ( www.fuelgaugereport.com ) (The Energy Information Administration yesterday Read More... Posted Tuesday, August 21, 2007 10:09 AM by Tom Kloza | 0 Comments

• Fire, Rain, Wind, and a Wedgie

  Friday, August 17, 2007 9:57 AM
  

  For most of this week, oil markets have suffered from what I’ll call the “hedgy energy wedgie.” But the wedgie could get a major adjustment this morning, thanks to Mother Nature and the Federal Reserve. Oil futures sold sharply lower Read More... Posted Friday, August 17, 2007 9:57 AM by Tom Kloza | 0 Comments

• Beware Of Cone Heads And The PPI

  Tuesday, August 14, 2007 9:02 PM
  

  Forgive me, but today I want to tackle two wholly unrelated subjects. Since this column is about oil, I’ll keep energy as a master theme. But one subject deals with the present and immediate future, while the latter deals with history, and the flawed Read More... Posted Tuesday, August 14, 2007 9:02 PM by Tom Kloza | 0 Comments

• Forecasting The Next Forty Days

  Friday, August 10, 2007 5:11 PM
  

  Today is the anniversary of the 2006 apex for gasoline prices - - $3.036 gal was the average price for regular unleaded one year ago. But don’t expect a repeat of the 40 day fall one year ago that reduced prices by a stunning 60cts gal by the time Read More... Posted Friday, August 10, 2007 5:11 PM by Tom Kloza | 0 Comments

• Gas Down 40cts gal in 75 Days

  Wednesday, August 08, 2007 9:07 AM
  

  Nationwide prices for unleaded regular are now down an average 40cts gal in 75 days . There is no August holiday for reference (although those wacky Canadians celebrated Labor Day earlier this week-- can’t they read a calendar?) but we have seen Read More... Posted Wednesday, August 08, 2007 9:07 AM by Tom Kloza | 0 Comments

• Don't Ask; Don't Tell

  Monday, August 06, 2007 9:21 AM
  

  First, let me get some pretty stunning numbers out of the way. The nationwide average price for regular gasoline today is $2.838 gal, some 39cts gal below the record highs achieved on Memorial Day weekend . For details, visit www.fuelgaugereport.com Prices Read More... Posted Monday, August 06, 2007 9:21 AM by Tom Kloza | 0 Comments

• Multiple Personality Disorder Impacts Oil Market

  Wednesday, August 01, 2007 6:33 PM
  

  Regular readers of this blog know that the safest way to describe the oil market includes emphasizing its bipolar nature. But even this veteran reporter is surprised by the multiple personalities that have become manifest at mid-Summer. It’s rare Read More... Posted Wednesday, August 01, 2007 6:33 PM by Tom Kloza | 0 Comments