Meltdown 101: Why Gas Prices Rise While Oil Drops By John Porretto, ASSOCIATED PRESS January 15, 2009 HOUSTON, TX — You may do a double-take as you pass your local gas station. Chances are, the…
News Clipping
Archive | Tag: price-spike
Report
Energy market piracy
1/14/09 by dugan Here’s a truly watchable explanation of how speculative money took over energy markets in 2008 and helped ruin the world economy. Solutions are included, thanks to CBS 60 minutes and Consumer Watchdog’s…
Blog Post
Pump price up, a penny a day
1-05-09 by dugan Israel doesn’t produce a drop of oil, but that hasn’t stopped the price of crude oil and gasoline from rising sharply in the last week. (As far as speculative markets are…
Blog Post
Mini-Me speculative frenzy
1-2-09 by dugan Remember those crazy gyrations of crude oil prices last spring and summer? Price gyrations of more than 10% in a day for no economically rational reason, as crude oil marched to $145 a…
Press Release
Oil Down, Pump Price Up
Gasoline Prices in California Headed Up as Oil Prices Keep Dropping; Poll Shows Support for Refiner Oversight Refiners in State Producing 14.8% Less Gasoline Than Year Ago as Producers Push to Raise Pump Price …
Blog Post
$1.60 gasoline, $4.50 heating oil
12-17-08 by dugan I heard recently from a friend in Maine who is freaking out: she’s paying $4.50 a gallon for her home heating oil, even as drivers pay well under $2.00 a gallon for…
Blog Post
One cheer for Exxon
Oil companies said, back when crude oil cost $145 a barrel, that exploration and construction costs were too high for them to invest much in drilling and refining. Exxon, for instance, spurned any project that…
Blog Post
About those oil markets
12-4-08 by dugan The price of crude oil is only slightly above $40 a barrel today, about $1.00 a gallon. That’s barely more than one-fourth of the price six months ago. What the slide proves…
Blog Post
Why’s gas so cheap? Or is it?
11-20-08 by dugan I’ve been asked a lot lately about why "gasoline is so cheap." Yet the question itself is a result of short memories. Gasoline is certainly a ton cheaper than in July,…
Blog Post
Panic in the oil business
10-16-08 by dugan As the price of oil dropped today to less than $70 a barrel (that would be $1.67 a barrel), the industry was in a panic. OPEC, the Prmarily Middle Eastern oil…
Blog Post
Pump prices oughta be lower
10-9-08 by dugan When oil prices dropped to under $78 a barrel today, I asked our friend Insider to take a look at why gasoline prices are going down so much more slowly than the…
Blog Post
Oil profiteering, both ways
10-9-08 by dugan It’s almost time for oil companies to tell us how astounding their "earnings" were in the last three months–how, as the economy tumbled deep into recession and Americans lost their jobs and…
Blog Post
Sliver of silver lining
9-29-08 by dugan The price of oil fell today by a slightly higher percentage than the Dow’s 7%, dropping $10 a barrel to $96. Of course, there’s another way to look at it–if that pattern…