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U.S. gasoline prices average $2.691 gal this morning, down from the 2009 record high of $2.6952 gal reached on October 30. The Devil’s Night high topped the previous June 21, 2009 high by less than a quarter of a cent, and values may move sideways Read More...
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Crude oil is getting all the fanfare, but the amount of money that Americans mete out each day for gasoline has quietly surpassed what was paid a year ago. Let me explain. The national average retail price for unleaded gasoline today stands at $2.671 Read More...
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U.S. gasoline prices this week dipped under $2.50 gal for the first time since late January. Americans are probably spending about $930-million for their motor fuel, down about $430-million from last year when regular unleaded gasoline fetched more than Read More...
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What will be more expensive when summer ends? A barrel of crude? Or, a plain cheese pizza at the brand spanking new Cowboys’ stadium? Right now, crude oil has the edge - - it fetches a price of just under $70 bbl compared with a mere $60 quote for Read More...
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I made a grievous error in my last post, but it helped inspire a metaphor that aptly summarizes mid-July world oil markets. No, the error was not in my bearish forecast for July prices. You will almost assuredly see pump prices for gasoline and diesel Read More...
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Forgive me for my New Jersey bred cynicism, but today’s jobs’ report-- detailing another 467,000 unemployed Americans-- is the wake-up call that Wall Street pitchmen sorely needed. The news sprayed a metaphorical herbicide on the “green Read More...
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Yes, the reference to Zapped in the title of this post does indeed refer to the 1982 Scott Baio movie that probably won’t help Mr. Baio and fellow thespian costar Willie Aames get the Irving Thalberg Memorial Award at a future Academy Awards ceremony. Read More...
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June 1, 2009 -- RETAIL GASOLINE UP NEARLY 55% SINCE NEW YEAR’S DAY I’ve shared my thoughts on this creation of a mini-bubble in the three or four most recent blog posts. Today, I thought I’d just share this retail scorecard. It is sad Read More...
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The 2009 version of the winter/spring gasoline rally has actually surpassed anything that has been recorded in the previous 25 seasonal price spikes. I’m sick and tired of journalists referring to emphatic events or circumstances with a “mother Read More...
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Gasoline prices just surpassed $2.31 gal, rising 26cts gal in the last month. Nationwide numbers, as compiled by OPIS for AAA are now about 70cts gal below the multi-year record low set on December 31, 2008. Today saw wholesale prices increase by 7cts Read More...
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I haven’t posted comments in this space since March 30, and for good reason. April was oil price pancake month. Retail gasoline prices, which anger the teeming U.S. masses the way the Jonas Brothers raise the hackles of yours truly, spent about Read More...
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U.S. gasoline prices raced above $2.00 gal last week, and were just below $2.05 gal on this penultimate day of March. The rise above $2.00 gal reminds me of the Y2K scare, but I suspect some reporters, pundits, and countrymen will liken it to the assassination Read More...
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Stumbling and bumbling, but not necessarily tumbling. With apologies to Keith Jackson, that sentence fragment pretty much describes the performance of gasoline prices in the last 30 days. You can check out all of the numbers and more at the new Daily Read More...
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From New Year’s Eve through Presidents’ Day, gasoline prices surged by 35cts gal nationwide, with some West Coast states moving as much as 50cts gal above their December multi-year lows. A panic-prone public inaccurately concluded that we Read More...
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The last reference in the headline is stolen from a pertinent question posed in Monty Python and the Holy Grail and is my favorite moment of the movie. I’ll talk more about that in a bit. I wish that the Pythons would reunite and put together a Read More...
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