December 2007 - Posts

• The Closing Numbers For That Championship Season

  Monday, December 31, 2007 4:43 PM
  

  You can make these statistics dance to whatever tune you wish. Here are the closing numbers for 2007. (For a view of where I see prices headed in 2008, check the previous post. I haven’t changed my mind . . . yet ). - Crude oil settles its last Read More... Posted Monday, December 31, 2007 4:43 PM by Tom Kloza | 0 Comments

• Not With A Whimper, But A Bang

  Thursday, December 27, 2007 4:26 PM
  

  Never mind those predictions earlier in December that suggested we might stay below $3.00 gal on gasoline for about 30 days. A combination of extremely bullish sentiment, money flow, and new geopolitical worries has prompted a reevaluation of oil prices Read More... Posted Thursday, December 27, 2007 4:26 PM by Tom Kloza | 0 Comments

• The Ghosts Of Christmas Past

  Monday, December 24, 2007 2:41 PM
  

  It’s a measurement of how drastically things have changed: today was as dull a day as you can find in the oil markets, but we still found time to trade more than 40-million barrels worth of WTI (West Texas Intermediate) crude; about 12-million barrels Read More... Posted Monday, December 24, 2007 2:41 PM by Tom Kloza | 0 Comments

• Starbucks or Krispy Kreme?

  Friday, December 21, 2007 12:45 PM
  

  I’ll explain the inquisitive headline and tie it to oil prices later in this column. But first, let me summarize some numbers. The average price of unleaded regular gasoline is $2.98 gal today (visit www.fuelgaugereport.com for your local details). Read More... Posted Friday, December 21, 2007 12:45 PM by Tom Kloza | 0 Comments

• Sideways For Silly Season, But Financial Steroids Loom In 2008

  Monday, December 17, 2007 6:26 PM
  

  A little less than one week ago, I projected that we would probably see nationwide gasoline prices average $3.00 gal or less for about 60 days. We haven’t exactly blitzed beneath this hot button number - - the last seven days have seen average U.S. Read More... Posted Monday, December 17, 2007 6:26 PM by Tom Kloza | 0 Comments

• Gas Back Below $3.00 Gal, But For How Long?

  Tuesday, December 11, 2007 8:58 AM
  

  The answer to the question posed in the headline is “about 60 days”. We moved under the $3.00 gal standard today, and prices include a range as broad as stateside temperatures, with values of $2.60-$2.75 gal in some Midwestern Rust Belt states, Read More... Posted Tuesday, December 11, 2007 8:58 AM by Tom Kloza | 0 Comments

• Oil Markets Hung Over Before The Holidays

  Thursday, December 06, 2007 1:55 PM
  

  Three weeks from now, I’ll publish my official 2008 Retail Gasoline Price forecast and give a sense of what the fuel landscape might look like as political candidates traipse through the continent. Suffice it to say that it will be a Jekyll/Hyde/Jekyll Read More... Posted Thursday, December 06, 2007 1:55 PM by Tom Kloza | 0 Comments

• December Brings Look Back At Record November

  Sunday, December 02, 2007 11:38 PM
  

  For the oil bulls, November roared in like a Jerry Bruckheimer movie, reached a climax just before Thanksgiving Day, and then retreated like brave Sir Robin’s troupe in Monty Python & The Holy Grail. More on the final November numbers in a moment. Read More... Posted Sunday, December 02, 2007 11:38 PM by Tom Kloza | 0 Comments