Average Regular Gas Prices - Updated: 8:55 PM ET - at GasBuddy (click here)
USA
Today - $3.701
Yesterday - $3.709
One Week Ago - $3.737
One Month Ago - $3.493
One Year Ago - $3.716
Now, what did I write about "The Speculator Tax?"
3:58p.m. EST March 4, 2013
New York (AP)
Oil dropped below $90 a barrel for the first time this year Monday, (click here) although by the end of the trading session, the price had rebounded to $90.05. For consumer, gasoline prices dropped 3 cents a gallon over the weekend as driver caught a break after two months of steep increases....
...The International Monetary Fund predicts the spending cuts could reduce U.S. growth by 0.5% percentage point in 2013 in an economy that is already struggling with subpar growth four years into recovery.
Traders also said that a report showing weakness in China's service sector contributed to the drop in oil....
The USA economy is out pacing China and we are more energy efficient. That. Is. A. Good. Thing.
By Garry White and Emma Rowley
6:20 PM BST 13 May 2012
USA
Today - $3.701
Yesterday - $3.709
One Week Ago - $3.737
One Month Ago - $3.493
One Year Ago - $3.716
Now, what did I write about "The Speculator Tax?"
3:58p.m. EST March 4, 2013
New York (AP)
Oil dropped below $90 a barrel for the first time this year Monday, (click here) although by the end of the trading session, the price had rebounded to $90.05. For consumer, gasoline prices dropped 3 cents a gallon over the weekend as driver caught a break after two months of steep increases....
...The International Monetary Fund predicts the spending cuts could reduce U.S. growth by 0.5% percentage point in 2013 in an economy that is already struggling with subpar growth four years into recovery.
Traders also said that a report showing weakness in China's service sector contributed to the drop in oil....
The USA economy is out pacing China and we are more energy efficient. That. Is. A. Good. Thing.
By Garry White and Emma Rowley
6:20 PM BST 13 May 2012
Oil price tumbles as global supplies flourish (click here)
The oil price has tumbled over the past two weeks as global stocks rose and concerns about eurozone debt and Chinese growth mounted. So, for oil investors, is it a case of sell in May and go away?
The macro data certainly supports this view. A statement last week from the Opec oil cartel noted that oil production by member states was more than 8pc ahead of what was needed in the second quarter. It is no surprise the price has been falling.
Opec supply has risen to about 31.62m barrels per day (bpd), as the Libyan oil industry started to recover. Saudi Arabia has also been ramping up production by than 56,500 bpd to 9.9m. Oil inventories in the US have also been rising. Supply is no longer such a large concern...,
Remember this? Last year before the election the gasoline prices were high and in some places in the USA over $4 and $5 per gallon? Remember? There was such a fuss by The West regarding prices to the consumer, King Abdullah of Saudi Arabia came out to state they were over producing and was going to cut back on production. Remember? He stated the price to consumers at the gas pump had absolutely nothing to do with production. Remember? Ah, yes. And what exactly was the problem?
SPECULATORS.
Okay then.
