Where Will Gas Prices Bottom Out?

Monday, November 3rd, 2008

Over the past four months, we've seen an unprecedented decline in the price of gasoline.  After hitting its record high of $4.12 on July 14, the national average price of gas has fallen over 40%, and now stands at $2.40 per gallon. The last time gas prices were this low was ...

Gas Prices Lower Than They Were a Year Ago

Saturday, October 25th, 2008

For the first time in what feels like forever, the price of gasoline is less expensive than it was exactly a year ago. While this would usually be reason for joy, it appears that the major factor behind the significant decline in the prices of oil and gasoline is the rapidly ...

Just So You Know, We Are Running Out of Time

Tuesday, September 23rd, 2008

Here we go again. Thanks to uncertainty regarding the proposed U.S. Government bailout of the financial sector (which, by the way, is looking more like a band-aid on a bullet wound), the dollar having its single worst day against the euro and other currencies, and commodity traders covering their short sales, ...

High Gas Prices Forcing You to Drive Less?

Wednesday, September 3rd, 2008

Over the span of the past 18 months, the national average price of gasoline has jumped from a low of $2.13 per gallon (February 2007) to a high of $4.12 (July 2008), back down to today's current price of $3.69. While the price decline over the past two months has come ...

Drivers Using Less Gasoline, Yet Inventories Fell. Huh?

Wednesday, August 20th, 2008

The price of crude oil climbed slightly higher today - up 45 cents to end the trading day at $114.98 - based largely on a U.S. government report which showed a larger than expected weekly drop in gasoline stockpiles. According to an article published on CNNMoney.com, gasoline inventories fell by over ...