September 5, 2008

Back to Gas-Guzzling?

 

Analysts say gasoline could be dropping back to a modest (?) $3.50/gal this month. Will drivers forget the conservation they have practiced?

The numbers are in, and conservation has made a difference. In June, the demand for gas fell 3%, and 4% in July & Aug. In June drivers drove 4.7% fewer miles, according to the US Dept. of Transportation.

There will be some price where Americans won’t be sensitive. Michael McNamara, Vice President of SpendingPulse, sees it at around $3.20/gal.

We see it at the point where we start getting 6-packs of Coke with our purchase again.

Filed under:Fuel Price Trends, Gas price, Fuel cost, Fuel Cost Control | by Pump Girl @ 12:23 pm | 

September 3, 2008

Fill Up on News - 9/3/08

 

Airline stocks are soaring off of hurricane worries.

In the market today there was a huge sellout of all things related to energy.

Low oil and other economical worries are causing massive problems for the entire market.

A very soft demand was a very crucial factor in the fall of oil today.

Luckily Hurricane Gustav caused little damage to oil facilities in the Gulf Coast.

Filed under:Fuel Price Trends, Daily News Post | by Guy in a Suit @ 5:07 pm | 

September 2, 2008

Fill Up on News - 9/2/08

 

Oil companies are diligently at work to restore their operations in the wake of Gustav.

Oil has hit a 5-month low today as Gustav storms out.

The rest of the market still sunk lower despite oil’s slide.

Asian markets reacted in an erratic fashion to worries over the Gustav and political risk.

BP is showing a marked increase of interest in US Gas.

Filed under:Fuel Price Trends, Daily News Post | by Guy in a Suit @ 5:47 pm | 

September 1, 2008

Gustav Is Within Spitting Distance

 

Fill up your gas tanks. Gustav is coming. Maybe not as devastating to N.O at Katrina, but everybody learned a lesson. Oil rigs have been shut down in the Gulf. Folks are evacuating New Orleans.

A satisfying case of fool me once shame on you. Fool me twice…

Filed under:Fuel Price Trends, Fuel cost | by Pump Girl @ 12:38 am | 

August 4, 2008

A Shift in Peak Oil?

 

It is always difficult to be a televised expert at a time when the market is moving against one’s basic position. This problem is neatly captured by Paul Kedrosky, who had a joint CNBC appearance with Matthew Simmons, a source frequently cited on Pumps.

Paul thinks that Simmons is pushing out the peak, talking “squishily,” and shifting from the position that the peak has already arrived.

Read the entire article and expect us to monitor developments.

Filed under:Fuel Price Trends | by OldProf @ 6:01 pm |