With many investors confident that the worst of the banking situation is behind us, oil prices are moving higher. West Texas Crude prices increased roughly $4 in the past week, trading in the low-to-mid $70 per barrel range, which means gasoline prices are likely not far behind before moving up. Despite...
Oil prices continue to soften, not on news from China, not because of the on-going war in Ukraine, but concerns over the U.S. economy. Patrick DeHaan with GasBuddy said investors are concerned about everything from Wall Street to Main Street.
“...
Oil prices giving up some of the gains that were made last week, trading slightly lower, just below $80 per barrel in Monday’s action. Patrick DeHaan with GasBuddy said the Chinese economy is tamping down on those prices, after last week’s mini rally. DeHaan noted that c...
The turbulent see-saw that is oil prices continues to move back and forth. Over the past week, West Texas Crude prices have moved lower, by slight amounts. Pattrick DeHaan with GasBuddy said the reason those prices have moved lower may have many people scratching their head.
“Good and ...
Oil prices have held fairly steady over the past couple of weeks. West Texas Crude was down slightly to $85 per barrel in Monday’s trade. But, despite the last of movement, fuel prices had been steadily dropping since early October.
So, why the disc...
Oil prices continue the trend of moving down, slowly, but surely. In Monday’s action, West Texas Crude was trading just over $90 per barrel, continuing a trend first seen roughly nine weeks ago. As oil prices continue to move lower, the Administration is hopeful gasoline prices will continue to go down as well. As Energy Secretary Jen...
It’s a trend many consumers, and many motorists have enjoyed as of recent; oil prices moving lower. In fact, for the past nine weeks, the price for a barrel of West Texas Crude has dropped to $88 in Monday's trade, an over 4% drop from Sunday's numbers.
W...
Last week, Clean Fuels Alliance America touted the benefits of biodiesel when it comes to the price at the pump to President Joe Biden and leaders in Congress.
In a letter to the president and lawmakers, the organization says U.S. biodiesel and renewable diesel producers are working to extend fuel supplies and provide relief at the pump to American families...
Oregon senator Ron Wyden is speaking out against “Big Oil.” He said he’s angry about “war profiteering”.
“Big oil is charging far more for the same gallon of gas than they were doing, for example, in other times when we had big economic challenges.”
Wyden went on to add the major oil ...