 |
Louisiana Light • 2 days | 81.18 | +0.12 | +0.15% | ||
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% | ||
|
Mars US • 266 days | 75.97 | -1.40 | -1.81% | ||
|
Gasoline • 3 hours | 2.461 | -0.007 | -0.29% |
|
Bonny Light • 29 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 29 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 81.37 | -0.08 | -0.10% |
|
Peace Sour • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Light Sour Blend • 10 hours | 72.28 | +0.69 | +0.96% | ||
|
Syncrude Sweet Premium • 10 hours | 79.18 | +0.89 | +1.14% | ||
|
Central Alberta • 10 hours | 72.28 | +0.69 | +0.96% |
|
Eagle Ford • 3 days | 74.07 | +0.63 | +0.86% | ||
|
Oklahoma Sweet • 2 days | 75.00 | +2.00 | +2.74% | ||
|
Kansas Common • 3 days | 67.75 | +0.50 | +0.74% | ||
|
Buena Vista • 4 days | 83.27 | -2.82 | -3.28% |
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Natural Gas Analysis for the Week of February 27, 2012
April natural gas continued to consolidate last week, but the weak close could mean another test of the support. Last week, the market sold off sharply after testing downtrending resistance…
Peak Oil's Affect on Gasoline Prices in 2012
In recent days there has been much discussion in the press about what might happen to gasoline prices in the coming year. Cognizant of the fact that retail gasoline is…
New Report Shows Motorists How to Spend Less Money on Gasoline
For many the idea that operating a motor vehicle can be much cheaper is a non-starting idea. Their real world experience won’t support the facts because their situation is most…
Bachmann's $2 Gas Price Promise - Naive or Dishonest?
Like many of you, I am often unhappy with our political leaders. One thing that annoys me the most is that many will say or do just about anything to…
Oil Price Drop offering No Relief for Motorists as Gas Prices Remain Unchanged
The Reuters Jefferies CRB Index is down 8% so far in May with almost every single commodity in the index registering red. Even the ongoing geopolitical tension in the Middle…
Rising Gas Prices and Political Scapegoats
Summer is approaching, and that typically means rising gas prices. And when gas prices rise, our political leaders generally start looking around for someone to blame. Over the past few…
Gasoline Prices and the Oil Supply Problem
I paid $50 to fill my tank at a gas station in Maine this morning, at a cost of almost $4 a gallon. When the Actress muttered some comment of…
Pinched By $4 Gasoline? Blame The Big Banks
Yes, that's right! The same Big Banks that taxpayers bailed out during the financial crisis are now jacking up oil and gasoline prices (Fig. 1), thus making consumers pay yet…
What is Really Driving Gas Prices up? And What Can be Done About it?
This past week I had an article published in the Washington Post called Five Myths about Gas Prices. I will discuss each particular myth in detail below, but the…
Floating Crude and Shipping Rates Could Trigger $4 Gas
Is $4 Gas in the Next few Months a Foregone Conclusion For years there has been a large supply of crude floating on big oil tankers. A significant portion of…
Gas Prices Hit Record Levels for February
U.S. gasoline prices have jumped to the highest levels ever for the middle of February. The national average hit $3.127 per gallon on Friday, about 50 cents above a year…
How much are gasoline prices weighing on consumers?
On Friday Reuters reported: Rising gasoline prices beat down U.S. consumer sentiment in early January, overshadowing an improved job outlook and passage of temporary federal tax breaks, a survey…
Why Qatar is a Threat to Natural Gas Prices
The world is seeing an unprecedented build-out in liquified natural gas (LNG) capacity. Look at the chart below, from energy advisors Point Carbon. In 2009, worldwide LNG export capacity rose…
Gas Producers Go to the Dark Side
It's finally happening. Gas producers are starting to crack. With the natural gas to oil price ratio running at a nearly-unprecedented 21-to-1 ($86.80 per barrel for crude versus $4.12 per…
Shell's China Connection Grows Stronger with Another New Gas Venture
Royal Dutch Shell further intensified its relationship with China in a new 30-year accord to appraise and develop tight gas reserves in the Sichuan basin. The new project in the…
Shell, PetroChina bid for Australian coal gas producer as Asia seeks energy resources
PetroChina joined with Royal Dutch Shell in a bid for Australian coal-seam gas producer Arrow Energy as Asian countries scramble for a stake in the vast energy resources at their…
Chevron to Seek Shale Gas in Poland as Europe Focuses on Unconventional Reserves
Chevron has acquired exploration rights for four shale gas concessions in southeastern Poland, the U.S. oil giant said in a recent SEC filing, joining other international companies in the hunt…
Gazprom Finally Accepts that Shale Gas Has Changed the World
The Russian gas giant this week said it will allow up to 15% of its gas sales to Europe to be sold at spot gas prices on the continent. This…
Exxon's Built in Escape Hatch From the Shale Gas Game
ExxonMobil's buyout of XTO Energy was the story of December. It might be the story of 2009. But equally important are the details now emerging about the deal. Particularly the…
EIA Data Points to a Bullish Gas Market
Last week the Energy Information Administration released their ‘EIA-914’ report on natural gas production in the U.S. for the month of July. Production decreased 0.7 bcf/day from the previous month—a…
