WTI Crude •2 days	52.36	-1.21	-2.26%
Brent Crude •2 days	55.10	-1.32	-2.34%
Natural Gas •2 days	2.737	+0.071	+2.66%
Mars US •2 days	53.11	-1.51	-2.76%
Opec Basket •3 days	55.19	-0.62	-1.11%
Urals •25 days	42.22	+0.00	+0.00%
Louisiana Light •3 days	55.57	+0.56	+1.02%

	Louisiana Light • 3 days	55.57	+0.56	+1.02%
	Bonny Light • 2 days	54.33	-0.81	-1.47%
	Mexican Basket • 3 days	52.15	+0.24	+0.46%
	Natural Gas • 2 days	2.737	+0.071	+2.66%
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Marine •2 days	55.42	-0.19	-0.34%
Murban •2 days	55.53	-0.35	-0.63%
Iran Heavy •2 days	50.99	-0.86	-1.66%
Basra Light •2 days	56.77	-1.07	-1.85%
Saharan Blend •2 days	54.43	-0.75	-1.36%
Bonny Light •2 days	54.33	-0.81	-1.47%

	Bonny Light • 2 days	54.33	-0.81	-1.47%
	Girassol • 2 days	55.35	-0.75	-1.34%
	Opec Basket • 3 days	55.19	-0.62	-1.11%
OPEC Members Monthly
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Canadian Crude Index •12 days	39.41	+1.59	+4.20%
Western Canadian Select •2 days	42.57	+1.06	+2.55%
Canadian Condensate •2 days	52.57	+0.66	+1.27%
Premium Synthetic •2 days	53.97	+0.66	+1.24%
Sweet Crude •2 days	48.57	+0.46	+0.96%
Peace Sour •2 days	47.32	+1.06	+2.29%

	Peace Sour • 2 days	47.32	+1.06	+2.29%
	Light Sour Blend • 2 days	49.07	+0.91	+1.89%
	Syncrude Sweet Premium • 2 days	50.67	+0.66	+1.32%
	Central Alberta • 2 days	47.32	+0.66	+1.41%
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Louisiana Light •3 days	55.57	+0.56	+1.02%
Domestic Swt. @ Cushing •2 days	48.75	-1.25	-2.50%
Giddings •2 days	42.50	-1.25	-2.86%
ANS West Coast •4 days	56.80	-0.43	-0.75%
West Texas Sour •2 days	46.31	-1.21	-2.55%
Eagle Ford •2 days	50.26	-1.21	-2.35%

	Eagle Ford • 2 days	50.26	-1.21	-2.35%
	Oklahoma Sweet • 2 days	48.75	-1.25	-2.50%
	Kansas Common • 3 days	43.75	+0.50	+1.16%
	Buena Vista • 3 days	59.46	+0.66	+1.12%
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Editorial Dept

More Info

Gasoline Prices Continue to Fall as Oil Prices Drop

By Editorial Dept - Apr 16, 2013, 4:46 PM CDT

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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