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November 13, 2006

He Finally Called

 

The Big Three automakers are scheduled to meet with The Prez now that the election is over and he has some time. Originally planned for last spring, the meeting had to be postponed because of “scheduling conflicts.” Dems in MI think it is just not right that Bush had time for rubber chicken during the fall but not for meeting with the Detroit automakers.

Anyway, topics of conversation should include: healthcare, alternative fuel vehicles, and China, Japan trade issues.

Automakers are not looking for a bailout

Filed under:Fleet Managers,Fumes,Vehicle News | by Pump Girl @ 8:36 pm | 

November 9, 2006

Big Oil After the Election

 

A sweep of Dems all over the map was not what Big Oil wanted to see especially when one of the key goals for “A New Direction for America” is working toward energy independence.

Among the bullet points for 2006 Democrats is the following: “Free America from dependence on foreign oil and create cleaner environment with initiatives for energy-efficient technologies and domestic alternatives such as biofuels. End tax giveaways to Big Oil companies and enact tough laws to stop price-gouging.”

And from oil:

Other industry analysts feared that Democrats would use their positions to forge ahead with anti-industry measures. “Get used to words like energy tax, windfall profits, etc,” said Dan Pickering of Pickering Energy Partners in Houston, in a note to clients. “[The results] are not good for energy… Question is, how bad is it?”

Wait and see…

Filed under:Fuel Price Trends | by Pump Girl @ 6:05 pm | 

November 6, 2006

Nigerian Trouble Sends Oil Up

 

More violence in Nigeria as protesters invaded an oil pumping station, and forced workers to shut it down. This is not a new thing. Since the beginning of the year militants have taken dozens of workers hostage. All the violence has cut Nigerian output, 2.5 million barrels, by a quarter.

The Nigerian oil minister and OPEC prez, Edmund Daukoru, says the cartel needs to cut its production more anyway. Prices are too low

“The market is clearly oversupplied, clearly oversupplied,” Daukoru told reporters during a visit to South Korea.

OPEC meets again in December. Oil up $1+ today.

Filed under:Fuel Price Trends | by Pump Girl @ 5:32 pm | 

November 1, 2006

Pump Report

 

gaspump.jpegCrude oil prices fell, but the price at the pump is up a penny from last week. AAA reports that the average price for regular unleaded is now $2.21 up from $2.20 last week. Midgrade gas – $2.35. Premium – $2.43.

The price is generally going in the right direction, though. It’s $0.11 less than a month ago, and down $0.28 from a year ago.

Gas is cheapest in Lake Jackson, TX at $1.85/gal. Priciest in Kailua Kona, HI at $3.09/gal.

Filed under:Fuel Price Trends | by Pump Girl @ 4:48 pm |