December 2008 - Posts

• A Billion Dollar Holiday Baby

  Friday, December 26, 2008 2:54 PM
  

  Approximately 167 days ago, Americans were paying about $1.613-billion each day for their gasoline. Today is Boxing Day, and I estimate that expense is now $611.5-million and headed still lower. The $611.5-million comes from a simple arithmetic calculation. Read More... Posted Friday, December 26, 2008 2:54 PM by Tom Kloza | 0 Comments

• Christmas in the $30's

  Friday, December 19, 2008 1:07 PM
  

  Some crude oil prices actually dipped below $30 bbl today. Futures’ prices were in the mid-$30’s, but some heavy sour grades trade at a substantial discount to WTI futures. Meanwhile, retail gasoline prices edged up 0.3cts gal to $1.673 gal. Read More... Posted Friday, December 19, 2008 1:07 PM by Tom Kloza | 0 Comments

• Never Say Never In The Oil Price Business

  Thursday, December 04, 2008 7:08 PM
  

  Forgive me for not rendering a post for about two weeks. A visit to Florida (I feel young again!) was followed by a short Thanksgiving week, and then a cavalcade of deadlines and duty. Unlike many of the talking heads on television, I have a day job, Read More... Posted Thursday, December 04, 2008 7:08 PM by Tom Kloza | 0 Comments