Alltop, all the top stories
September 29, 2008

Fill Up on News – 9/29

 

The defeat of the $700 bailout bill caused oil to plunge $10 today.

An oil firm has been found guilty of many bird deaths due to unsafe equipment.

The energy debate
is moving farther and farther away from the facts of the situation.

Demand concerns also contributed to the fall in oil prices today.

However, there still is some oil action today – you just have to look for it.

Filed under:Daily News Post | by Guy in a Suit @ 6:16 pm | 

September 25, 2008

Fill Up on News – 9/25

 

Southern drivers are still irked over recent hurricanes.

A West Virginia bill to freeze taxes on gas in their state is suspected not to help consumers out.

The Energy Department of the United States reports that the natural gas supply is up 51 bln cubic feet.

Vacationers are going crazy because of these seemingly non-ending high gas prices.

California legislators have their own free gas card – that the taxpayers foot the bill for.

Filed under:Daily News Post | by Guy in a Suit @ 5:11 pm | 

Gustav, Then Ike — When Will The Gas Shortage End?

 

The one-two punch of hurricanes Gustav & Ike caused flooding and power outages, and shut down 15 Houston-area refineries. And they are not going to be back up for another two weeks.

Bad timing for the hurricanes. Refineries’ supplies were low in preparation to the switch to “winter blends.”

Gas station customers are not amused. High prices are one thing, but no gas supply at all is another.

“People become desperate, man, availability is more important than price,” says John Baen, a pipeline expert at the University of North Texas in Denton. “It’s the South today, but it could be [Boston and Chicago] tomorrow.”

In Asheville, one gas station owner had to call police after at least three fistfights broke out. An Alabama paper said the regional mood was “as jumpy as a frog farm.”

We’ll take the blizzards any day.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 4:20 pm | 

September 23, 2008

Fill Up on News – 9/23

 

Many are concerned about the controversial plan to bail out AIG, and it’s bringing down gas prices.

The low close of oil is surprising after its recent historic surge.

The Nigerian cease-fire holds little promise and we ought to expect to see more volatility coming from that area.

Airlines might be feeling a little pain from low oil later on in the winter.

Pickens continues to pressure government leaders into adopting his own energy policy.

Filed under:Daily News Post | by Guy in a Suit @ 5:38 pm | 

September 19, 2008

Oil Futures Rally Along With Everything Else

 

Just when you think oil prices are going in the right direction, oil futures closed at $104.55/barrel up 6.8%. Short covering?

Hurricanes in the US and attacks in Nigeria have stuck it to oil supplies. Never good for the average Joe.

Says Phil Flynn of Alaron Trading in Chicago:

“People were waiting to cover shorts at the last minute because, really, if the Fed didn’t bail us out on oil today, people could have waited until Monday,” he said. “We went from ultimate fear to euphoria overnight.”

Filed under:Energy,Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 7:37 pm |