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Why have crude oil and gasoline doubled in price this year?

Dateline:  Terry, Montana

August 10, 2009 12.30 PM MDT

By:  Bob van der Valk

 

When Goldman Sachs wins – You lose!

Dateline:  Terry, Montana, July 19, 2009, By:  Bob van der Valk

Chevron's annual refinery fire stops price declines.

By Charles Langley, UCAN Gas Project,  As of this writing the average price of gasoline is about $2.92 a gallon in San Diego. And prior to this morning, we had predicted some steep declines in the price of fuel over the weekend of six to twelve cents a gallon on average.

Then it happened: Chevron had its annual refinery fire.

Did we say annual refinery fire?

Yes, as a matter of fact we did.

The backwards Robin Hood effect in trading of crude oil

Dateline:  Terry, Montana By:  Bob van der Valk,

Gas prices drop over 4th of July holiday

The June swoon for gasoline prices - Are they really going down?

Ca License Plate Bob van der Valk

Dateline:  Terry, Montana

June 23, 2009 2:30 PM MDT

By:  Bob van der Valk

Have gas prices peaked?

On the sign-post up ahead ...

 

GAS REACHES RECORD HIGH AT $3.05 A GALLON
Have prices peaked, or are we witnessing the tip of a rapidly rising iceberg?

The insider’s secret on how gasoline is priced

New York Times gets it right: High oil prices are bad for the economy.

Oil closed at $70 a barrel today. There is no good market reason for the run-up. In fact, the Department of Energy reports that demand for oil is down and that oil inventories are at a record-breaking 19-year high. The financial media (largely CNBC) has been gleefully abuzz of late about rising commodity prices - especially oil - as somehow signaling a rebound in the economy. They have suggested that high commodity prices are somehow a "green shoot" or "mustard seed" that shows the market still has potential. It's too bad they are absolutely wrong.

Average gas prices likely to exceed $3 by Thursday, June 11.

Friday June 5, 6PM - For the last 60 days gas prices have risen in San Diego by an average of nearly a penny every 12 hours. If this trend continues (and it probably will) local gas prices should top $3.00 a gallon on average by Thursday afternoon - a 58% increase since the beginning of the year.

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