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...

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...

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...