Louisiana Light • 2 days | 86.49 | -0.63 | -0.72% | |||
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | |||
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% | |||
Mars US • 174 days | 77.26 | -1.51 | -1.92% | |||
Gasoline • 38 mins | 2.779 | +0.021 | +0.76% |
Bonny Light • 1 day | 88.40 | -0.92 | -1.03% | |||
Girassol • 1 day | 89.03 | -0.87 | -0.97% | |||
Opec Basket • 2 days | 88.45 | +1.94 | +2.24% |
Peace Sour • 25 mins | 76.77 | +0.76 | +1.00% | |||
Light Sour Blend • 25 mins | 79.82 | +0.76 | +0.96% | |||
Syncrude Sweet Premium • 25 mins | 86.77 | +0.76 | +0.88% | |||
Central Alberta • 25 mins | 77.17 | +0.76 | +0.99% |
Eagle Ford • 2 days | 79.29 | -0.04 | -0.05% | |||
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | |||
Kansas Common • 1 day | 73.75 | +0.75 | +1.03% | |||
Buena Vista • 2 days | 87.23 | -0.55 | -0.63% |
Researchers at the University of…
The World Bank forecasts slower…
Editorial Dept
According to Gasbuddy.com (see graph at bottom), gasoline prices are down slightly over the last few days to a national average of $3.66 per gallon. One year ago for the week of Memorial Day, prices were at $3.67 per gallon, and for the same week two years ago prices were $3.85 per gallon.
According to Bloomberg, WTI oil is at $94.15 per barrel, and Brent is at $102.64 per barrel. Last year on Memorial Day, Brent was at $107.86 per barrel, and two years ago Brent was at $114.85.
Using the calculator from Professor Hamilton, and the current price of Brent crude oil, the national average should be around $3.40 per gallon. That is about 26 cents below the current level according to Gasbuddy.com, however I think there is a seasonal factor that isn't included in the calculator.
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