Louisiana Light • 3 days | 78.61 | -1.95 | -2.42% | |||
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | |||
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% | |||
Mars US • 30 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 2 days | 2.121 | -0.055 | -2.51% |
Bonny Light • 2 days | 81.28 | +1.10 | +1.37% | |||
Girassol • 2 days | 81.92 | +1.12 | +1.39% | |||
Opec Basket • 3 days | 85.00 | +1.11 | +1.32% |
Peace Sour • 2 days | 59.71 | -1.90 | -3.08% | |||
Light Sour Blend • 2 days | 63.56 | -1.90 | -2.90% | |||
Syncrude Sweet Premium • 2 days | 68.16 | -1.90 | -2.71% | |||
Central Alberta • 2 days | 61.71 | -1.90 | -2.99% |
Eagle Ford • 3 days | 72.44 | -1.90 | -2.56% | |||
Oklahoma Sweet • 3 days | 72.00 | -2.00 | -2.70% | |||
Kansas Common • 6 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 4 days | 83.98 | +1.45 | +1.76% |
We think it’s a mistake…
The discovery of rare earth…
As part of the commodity sell-off, oil prices were down again today (the price of gold is irrelevant for the economy, but oil matters). According to Bloomberg, WTI was down to $87.62 per barrel, and Brent was down to $100.39 per barrel.
According to Gasbuddy.com (see graph at bottom), gasoline prices are down to a national average of $3.50 per gallon. Using the calculator from Professor Hamilton, and the current price of Brent crude oil, the national average should be around $3.35 per gallon. That is about 15 cents below the current level according to Gasbuddy.com, and I expect prices to fall further. The low for the year is in the $3.20s per gallon, and a year ago gasoline was at $3.90 per gallon.
To read full article click here.
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
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