Speaking of Oil : Diesel

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)

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)

Half Price Holiday Sale On Gas

Tom Kloza — Fri, 14 Nov 2008 00:15:00 GMT

Deflation is alive and well on street corners across the country. The average price for retail gasoline will descend below $2.15 gal this weekend, and if the truth be know, Americans will fuel up for the Thanksgiving holiday at about half the price they...(read more)

The Ike Spike

Tom Kloza — Wed, 10 Sep 2008 21:34:00 GMT

September 11 Quick Update: Fuel prices are going absolutely ballistic this morning as Ike heads toward the largest refinery cluster on the planet. The thoughts below are still appropriate but the numbers have changed. We are seeing the price of spot or...(read more)

Record First Quarter Should Give Way To Quieter Market

Tom Kloza — Mon, 02 Apr 2007 14:50:00 GMT

Retail fuel prices will move above $2.70 gal this week, and perhaps even flirt with $2.75 gal by Easter Sunday . But evidence is mounting that we are in the last throes of this high price insurgency. Of course, that sort of temperate prediction won’t...(read more)

Brace Yourself For a Wild Gasoline Day & Week

Tom Kloza — Wed, 28 Mar 2007 12:53:00 GMT

Today could be quite a wild day in the oil markets . We’ll see the release of critical inventory and production data from the Department of Energy at 10:30 A.M. EDT. Meanwhile, crude oil futures are already up some $1.60 bbl to $64.53 bbl in overnight...(read more)

Billion Dollar Baby

Tom Kloza — Fri, 02 Mar 2007 15:09:00 GMT

Within the next two weeks, Americans will see the first significant impact of the passage of the Energy Policy Act of 2005 . Daylight Savings Time will enable more motorists commuting home from work to see the higher prices in the light of day. The daily...(read more)

Triple Witching Day For Oil, Beware of March

Tom Kloza — Wed, 28 Feb 2007 13:59:00 GMT

Today could be triple witching day for the oil markets. We have a still shaken world financial community, the key release of Energy Information Administration data petroleum statistics at mid-morning, and the expiration of March futures contracts. If...(read more)

Financial Market Woes May Test Oil Price Mojo

Tom Kloza — Tue, 27 Feb 2007 14:36:00 GMT

Nationwide gasoline prices begin today at $2.37 gal, up 23cts gal in the last month, and some 13cts gal higher than last year. All Pacific Coast states have surpassed $2.50 gal, and California averages have trumped $2.83 gal. The last of the sub-$2.00...(read more)

Pain At The Pump Is Just Beginning

Tom Kloza — Thu, 22 Feb 2007 22:28:00 GMT

I undeservedly get attention as a “gasoline price guru”. There are two secrets for that notoriety. It is bestowed on me first and foremost because I have good TV “hair” for a gentleman who has passed the half century mark. But...(read more)

Peter, Paul & Arizona

Tom Kloza — Tue, 20 Feb 2007 23:40:00 GMT

I’ll make this short . Rising gasoline prices will soon get front page attention in western time zones. Retail prices have mostly “crept” higher since late January, but some much more noticeable increases will soon occur in California,...(read more)

Groundhogblog: Of Spring Gas Spikes & Terror-Free Oil

Tom Kloza — Fri, 02 Feb 2007 17:29:00 GMT

Happy Groundhog Day to one and all! Some day, I’ll share with readers the true story of how my fraternity - - Tau Kappa Epsilon - - once stole “Punxsutawney Phil” back in the ‘70’s. The poor dead rodent ended up in the TKE...(read more)

Oil Off to the Races

Tom Kloza — Wed, 31 Jan 2007 14:11:00 GMT

If you’ve read this blog before, you will recognize that yours truly is fond of horse racing metaphors. The oil market ran like Mr. Ed on Monday, crumbling under the pressure of weekend Saudi comments that indicated the Kingdom was quite happy with...(read more)