Wednesday, November 5th, 2008
For much of the past two years, we (meaning most of the world) have been complaining about high oil prices. As the price per barrel climbed past once unthinkable milestones - $75, $100, $125 and then nearly $150 - the complaints grew louder and louder.
Now that the price of a ...
Posted in Oil Prices | 6 Comments »
Tuesday, October 21st, 2008
Apparently a lot has happened since my last post.
The stock, credit and housing markets have been in shambles; the price of oil has now fallen over 50% from its record highs set this past July; and the price of gasoline has dropped well below the psychologically important $3 mark.
As of ...
Posted in Gas Prices, Oil Prices | 14 Comments »
Tuesday, September 16th, 2008
The price of oil fell sharply today, thanks to the collapse of investment house Lehman Brothers, and the growing concern that the United States is only in the beginning stages of a prolonged economic downturn.
After falling to as low as $94.13 per barrel, the price of oil closed the trading ...
Posted in Gas Prices, Oil Prices | 8 Comments »
Monday, September 8th, 2008
Over the last two months, the price of oil has declined nearly 28%, falling from a record high of $147.22 to Friday's closing price of $106.23. Likewise, the price of gasoline has declined more than 11%, falling from a record high of $4.12 to today's average price of $3.65.
These price ...
Posted in Gas Prices, News, Oil Prices | 19 Comments »
Sunday, July 6th, 2008
The last time the price of crude oil closed below $100 a barrel was back on March 3, 2008. As of this past Friday - four months since the final sub-$100 close - the price of crude oil closed at a record high of $145.29 per barrel.
Increasing global demand ...
Posted in Oil Prices | 4 Comments »
