 |
Louisiana Light • 2 days | 70.41 | -1.39 | -1.94% | ||
|
Bonny Light • 2 days | 72.36 | -1.43 | -1.94% | ||
|
Opec Basket • 2 days | 73.07 | -2.12 | -2.82% | ||
|
Mars US • 2 hours | 69.50 | +2.01 | +2.98% | ||
|
Gasoline • 11 mins | 2.438 | +0.002 | +0.09% |
|
Bonny Light • 2 days | 72.36 | -1.43 | -1.94% | ||
|
Girassol • 2 days | 74.10 | -1.27 | -1.69% | ||
|
Opec Basket • 2 days | 73.07 | -2.12 | -2.82% |
|
Peace Sour • 17 hours | 62.34 | -1.37 | -2.15% | ||
|
Light Sour Blend • 17 hours | 63.64 | -1.37 | -2.11% | ||
|
Syncrude Sweet Premium • 17 hours | 72.59 | -1.37 | -1.85% | ||
|
Central Alberta • 17 hours | 61.94 | -1.37 | -2.16% |
|
Eagle Ford • 2 days | 64.57 | -1.37 | -2.08% | ||
|
Oklahoma Sweet • 2 days | 64.00 | -2.00 | -3.03% | ||
|
Kansas Common • 2 days | 58.25 | -1.50 | -2.51% | ||
|
Buena Vista • 10 days | 76.15 | -1.09 | -1.41% |
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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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