Cars
Unless you’ve being living under a rock, you’ve probably heard that the House on Monday rejected a $700 billion emergency rescue plan for the nation's financial system. What you may not have heard is that aside from the fact that the Dow Jones industrial average plunged 778 points, oil prices also fell a staggering $10.52 US on Monday, or 8.9%, to $96.37 a barrel on the New York Mercantile Exchange. This is the second biggest drop in dollar terms since January 17, 1991 when prices fell $10.56.
- Rising Gas Prices Might Affect Large Suv Sales And Trade-in Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and...
- Oil Could Sink Below $25 By Early 2009 Sending U.s. Gas Prices Below $1!
Isn't amazing how things can change in a few months? You all remember what happened in July this summer when crude oil prices reached a record-breaking $147 a barrel pushing average prices at the U.S. pumps over $4.10 a gallon. Well, now Merrill Lynch...
- Oil Falls Below $70 A Barrel: Have Gas Prices Gone Down In Your Country?
For the first time in more than a year, the price of a barrel of oil slipped on Thursday, October 16, 2008, below $70 US. In New York, crude oil features for November fell as much as 8 percent or to put that in dollars, $5.97, to $68.57 a barrel before...
- Oil Prices Jump To $130 A Barrel And Then Dip Back Down
What a market; after oil prices spiked more than $25 to $130 a barrel on Monday, September 22, creating an all-time record for the biggest one-day price hike ever, light, sweet crude slipped on Tuesday, September 23, to below $108 a barrel. Analysts suggest...
- Oil Prices Hit Yet Another Record High At $109 A Barrel!
Not that we’re surprised any more since oil prices have been breaking records for months now, but light sweet crude oil for April delivery surged to a new high of $109.72 on the New York Mercantile Exchange today (March 11, 2008). Then again, with...
Cars
Oil Drops more than $10 a Barrel after U.S. Bailout Failure
Unless you’ve being living under a rock, you’ve probably heard that the House on Monday rejected a $700 billion emergency rescue plan for the nation's financial system. What you may not have heard is that aside from the fact that the Dow Jones industrial average plunged 778 points, oil prices also fell a staggering $10.52 US on Monday, or 8.9%, to $96.37 a barrel on the New York Mercantile Exchange. This is the second biggest drop in dollar terms since January 17, 1991 when prices fell $10.56. - Rising Gas Prices Might Affect Large Suv Sales And Trade-in Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and...
- Oil Could Sink Below $25 By Early 2009 Sending U.s. Gas Prices Below $1!
Isn't amazing how things can change in a few months? You all remember what happened in July this summer when crude oil prices reached a record-breaking $147 a barrel pushing average prices at the U.S. pumps over $4.10 a gallon. Well, now Merrill Lynch...
- Oil Falls Below $70 A Barrel: Have Gas Prices Gone Down In Your Country?
For the first time in more than a year, the price of a barrel of oil slipped on Thursday, October 16, 2008, below $70 US. In New York, crude oil features for November fell as much as 8 percent or to put that in dollars, $5.97, to $68.57 a barrel before...
- Oil Prices Jump To $130 A Barrel And Then Dip Back Down
What a market; after oil prices spiked more than $25 to $130 a barrel on Monday, September 22, creating an all-time record for the biggest one-day price hike ever, light, sweet crude slipped on Tuesday, September 23, to below $108 a barrel. Analysts suggest...
- Oil Prices Hit Yet Another Record High At $109 A Barrel!
Not that we’re surprised any more since oil prices have been breaking records for months now, but light sweet crude oil for April delivery surged to a new high of $109.72 on the New York Mercantile Exchange today (March 11, 2008). Then again, with...