What is the Fair Value of Oil?

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 ...

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 ...

National Average Gas Price Continues to Fall - Now at $2.40 per Gallon

Monday, November 3rd, 2008

The national average price for a gallon of regular unleaded gasoline now stands at $2.40 per gallon - a price not seen since early March 2007. Gasoline prices are now down nearly 42% from the record highs set back in mid-July of this year.  Over the past month, the price of ...

National Speed Limit to Help Save Gas? Not so Fast!

Tuesday, October 28th, 2008

Remember the days of $4 gasoline?  Ah, they seem so long ago - even though it was less than three months ago. Anyway, one of the many proposed ideas to help ease the pain at the pump and help drivers consume less gasoline was to implement a national speed limit, which ...

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 ...