Cars
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 that Monday’s crazy rally was ignited from anxiety over the U.S. government's proposed $700-billion plan to purchase troubled mortgage assets and contain the financial crisis, combined with a weak dollar and an expiring crude contract.
- 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 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...
- Average U.s. Gas Prices Hit Record $3.50 A Gallon
Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday,...
- 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 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 that Monday’s crazy rally was ignited from anxiety over the U.S. government's proposed $700-billion plan to purchase troubled mortgage assets and contain the financial crisis, combined with a weak dollar and an expiring crude contract.- 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 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...
- Average U.s. Gas Prices Hit Record $3.50 A Gallon
Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday,...
- 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...