Speaking of Oil : Gas Prices

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)

We've Hit $3.00 Gal, But For How Long?

Tom Kloza — Fri, 04 May 2007 19:10:00 GMT

If you had May 4 as the target day for 2007 gasoline prices hitting $3.00 gal, this is your lucky day and you can cash in on the office pool. The average retail price for unleaded regular hit $3.012 gal this morning, up 31.2cts gal in one month, but a...(read more)

Excuse Me While I Touch The Sky

Tom Kloza — Tue, 24 Apr 2007 13:13:00 GMT

I received almost a dozen phone calls and emails yesterday asking about the possibility of $4.00 gal gasoline prices this Summer. Never mind that the U.S. national average is more than 10cts gal shy of $3.00 gasoline - - that number isn’t sexy enough...(read more)

Calm down, the fuel party is almost over

Tom Kloza — Fri, 06 Apr 2007 20:57:00 GMT

If you listen to some of the hysterical rants and hyperbole in oil circles this month, you might conclude that we are on our way to $80 bbl crude oil and $3-$4 gal gasoline . Do not believe the rhetoric and the scare stories. This particular rally is...(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)

The Physics of the 2007 Gasoline Price Rally

Tom Kloza — Thu, 08 Mar 2007 18:17:00 GMT

Yes, we are about to see $3.00 gal gasoline prices as an average , at least in the state of California . But no, this is not the beginning of the next fuel price apocalypse. But more on that in a moment. Note: You can keep up-to-date on this March Madness...(read more)

Of Preseason Peaks and Prospects

Tom Kloza — Tue, 06 Mar 2007 15:01:00 GMT

Yesterday marked the first instance since the third week of January that gasoline futures moved lower for two consecutive days. It’s worth noting because during the $1.00 gal or so spikes in 2005 and 2006, there were many such streaks of two or...(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)

March Will See Further March Higher For Fuel Prices

Tom Kloza — Thu, 01 Mar 2007 14:14:00 GMT

Gasoline prices remain on an extraordinary run. That run - - higher, of course - - will certainly continue for retail prices, but I expect it to calm for wholesale. Translation: although many states have average street prices some 15-30cts gal above where...(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)