 |
WTI Crude •11 mins | 68.39 | -0.19 | -0.28% |
|
Brent Crude •11 mins | 74.04 | -1.28 | -1.70% |
|
Natural Gas •10 mins | 2.923 | -0.022 | -0.75% |
 |
Mars US •2 days | 68.88 | +1.64 | +2.44% |
|
Opec Basket •4 days | 70.94 | -1.54 | -2.12% |
|
Urals •3 days | 71.09 | +0.00 | +0.00% |
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Louisiana Light •4 days | 71.78 | -2.54 | -3.42% |
|
Marine •3 days | 71.33 | +0.50 | +0.71% |
|
Murban •3 days | 74.33 | +0.50 | +0.68% |
|
Iran Heavy •3 days | 69.89 | +1.02 | +1.48% |
|
Basra Light •3 days | 73.78 | +2.40 | +3.36% |
|
Saharan Blend •3 days | 73.61 | +0.93 | +1.28% |
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Bonny Light •3 days | 74.60 | +1.04 | +1.41% |
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Canadian Crude Index •2 days | 42.17 | +0.00 | +0.00% |
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Western Canadian Select •4 days | 38.04 | -0.17 | -0.44% |
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Canadian Condensate •4 days | 63.74 | -0.17 | -0.27% |
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Premium Synthetic •4 days | 65.69 | -0.17 | -0.26% |
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Sweet Crude •4 days | 53.79 | -2.17 | -3.88% |
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Peace Sour •4 days | 53.54 | -0.17 | -0.32% |
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Louisiana Light •4 days | 71.78 | -2.54 | -3.42% |
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Domestic Swt. @ Cushing •3 days | 65.00 | +3.00 | +4.84% |
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Giddings •3 days | 58.75 | +3.00 | +5.38% |
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ANS West Coast •5 days | 75.15 | +0.57 | +0.76% |
|
West Texas Sour •3 days | 62.53 | +3.04 | +5.11% |
|
Eagle Ford •3 days | 66.48 | +3.04 | +4.79% |
Gulf Of Mexico Production Expected To Hit Record High
While shale steals all the…
A Storm Is Brewing In The Southern Gas Corridor
While Russia looks to circumvent…
Gasoline Prices Continue to Fall as Oil Prices Drop
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.
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