• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 hours Solving The Space Problem For America’s Solar Industry
  • 25 mins Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 40 mins Investment in renewables tanking
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 4 days If hydrogen is the answer, you're asking the wrong question
  • 4 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
ExxonMobil: New Fracking Technology Can Double Oil Output

ExxonMobil: New Fracking Technology Can Double Oil Output

But shale giant ExxonMobil Corp.…

Labor Leader’s Oil Plans Spark Outrage In Scotland

Labor Leader’s Oil Plans Spark Outrage In Scotland

Labour leader Keir Starmer’s plans…

Gasoline and Oil Prices Down from this Time last Year

According to Gasbuddy.com (see graph at bottom), gasoline prices are down slightly over the last few days to a national average of $3.66 per gallon. One year ago for the week of Memorial Day, prices were at $3.67 per gallon, and for the same week two years ago prices were $3.85 per gallon.

According to Bloomberg, WTI oil is at $94.15 per barrel, and Brent is at $102.64 per barrel.  Last year on Memorial Day, Brent was at $107.86 per barrel, and two years ago Brent was at $114.85.

Using the calculator from Professor Hamilton, and the current price of Brent crude oil, the national average should be around $3.40 per gallon. That is about 26 cents below the current level according to Gasbuddy.com, however I think there is a seasonal factor that isn't included in the calculator.

Click here to read the full article.



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News