Speaking of Oil

Oil: Tough Sledding Between Now And Vancouver

Tom Kloza — Mon, 18 Jan 2010 20:55:00 GMT

Watch for some weakness in oil prices between today and the 2010 Winter Olympics in Vancouver. It has nothing to do with recent history (oil markets plunged just before, during, and after the Beijing Summer Olympics but that is largely coincidence) and...(read more)

2010 Brings New Round Of "Highest Since" References

Tom Kloza — Mon, 04 Jan 2010 23:25:00 GMT

Expect a new round of “highest since” references when reporters cover the U.S. oil business between now and next week. The greatest fundamental in 21 st century markets was on display at the end of 2009 and on this first full business day...(read more)

The Good, The Bad, The Ugly, & The Krump

Tom Kloza — Fri, 11 Dec 2009 18:09:00 GMT

We are close enough to the end of 2009 and that has led to a myriad of 2010 oil price forecasts cascading upon those who believe that the future is predictable. I’ll take a stab at prophesy a bit later in this post. I also have a predictive lay-up...(read more)

Insane Clown Posse in the Petroleum Patch

Tom Kloza — Tue, 24 Nov 2009 14:43:00 GMT

I’ll explain the title for this oil metaphor a bit later. And no, the title isn’t an alternate name for the executives who brought us AIG and the bailout of same. We’re on the cusp of Thanksgiving week 2009, and as I am wont to do, I...(read more)

Kind Of A Drag

Tom Kloza — Mon, 02 Nov 2009 16:41:00 GMT

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)

Fuel Bubble Deja Vu

Tom Kloza — Mon, 26 Oct 2009 16:03:00 GMT

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)

Fuel Prices Hit Four Fer' A Sawbuck

Tom Kloza — Tue, 29 Sep 2009 13:56:00 GMT

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)

Rose Colored Glasses in the Funhouse

Tom Kloza — Fri, 14 Aug 2009 20:25:00 GMT

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)

Summer Oil Theater & The Ca Ca Chronicles

Tom Kloza — Fri, 10 Jul 2009 16:19:00 GMT

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)

Herbicide Hits Oil Prices

Tom Kloza — Thu, 02 Jul 2009 22:02:00 GMT

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)

Fuel Prices & Fuel Analyst Get Zapped!

Tom Kloza — Fri, 12 Jun 2009 17:02:00 GMT

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)

Gasoline Up Nearly 55% in Five Months

Tom Kloza — Mon, 01 Jun 2009 16:13:00 GMT

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)

The Crazy Uncle of All Oil Markets

Tom Kloza — Fri, 22 May 2009 13:16:00 GMT

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)

Fuel Phasers On Stun

Tom Kloza — Mon, 18 May 2009 22:08:00 GMT

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)

Beyond The Boiling Point

Tom Kloza — Thu, 07 May 2009 13:31:00 GMT

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)