Alltop, all the top stories
February 25, 2011

It Will Take So Little to Get to $4 Gas

 

All it would take is some cold weather, Saudi reluctance to to increase production, and/or possible refinery outages. So says a Fortune magazine article.

The government agrees and predicts a 1 in 3 chance gas will break $3.50 this summer, and a 1 in 10 chance it will hit 4 bucks.

And the NYMEX may not be the best indicator. Read the entire article

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 8:46 pm | 

February 24, 2011

CBS Poll: What Americans Say About Gas Prices

 

Keep in mind that this poll was taken before the recent unrest in the Middle East.

Gas Prices

With the price of gasoline higher than it has been at any time over the past two years, 59 percent of Americans say that higher gas prices personally affect them a lot, while just 17 percent say higher gas prices don’t affect them much or at all.

Most Americans, 52 percent, say that recent gas price increases have caused financial hardship for their household, including 29 percent who say this financial hardship is serious. Even more Americans reported financial hardship when gas prices hit an all-time high in July 2008.

Not surprisingly, lower-income Americans are feeling the effects of higher gas prices far more than those with higher incomes. Nearly half of Americans making $30,000 a year or less say higher gas prices are causing serious financial hardship in their household, compared to just 13 percent of Americans making over $100,000 a year

This poll was conducted by telephone on February 11-14, 2011 among 1031 adults nationwide.

Filed under:Fuel Budget,Fuel cost,Fuel Cost Control,Fuel Price Trends,Gas price | by Pump Girl @ 8:11 pm | 

February 16, 2011

A Little Exaggeration?

 

Saudi Oil reserves may be overstated. So reports Prof. James Hamilton, a leading expert on oil prices at one of the top Econ schools in the country.

He is talking maybe 40%. And for him it is not new news.

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 10:16 am | 

February 8, 2011

Crude Oil Prices Back Up

 

Oil rose in London to around $100/barrel. The reasons is the usual suspects: political unrest in Egypt.

“The risk of contagion will keep prices above $100 a barrel for a while,” said Christopher Bellew, senior broker with Bache Commodities Ltd. in London. “Much has still to be settled in Egypt, so there is still the specter of unrest spreading to oil-producing countries.”

Hedge funds and other large speculators have increased net long positions by 17%

Price at the pump won’t be going down any time soon

Filed under:Fuel cost,Fuel Price Hedging,Gas price,Price Shocks | by Pump Girl @ 6:21 pm | 

February 5, 2011

More on $5 Gas

 

Here’s a clip from CBNC. More from Shell ex-pres says $5 gas at the pumps

$5 at the pump is bullish?

Filed under:Fuel cost,Fuel Price Trends,Gas price,Price Shocks | by Pump Girl @ 2:58 pm |