GasBuddy

After staying in the low- to mid-$60 per barrel range for the past several weeks, oil prices jumped up north of $70, thanks to the back-and-forth airstrikes between Israel and Iran.  Patrick DeHaan with Gasbuddy.com said this is the latest in a long list of issues that investors have had to digest this year, including tariffs, trade wars, and Russia/Ukraine.   “...

This time tomorrow, it will be a new year.  What is the expectation of 2025 when it comes to the fuel and energy sector?   Patrick DeHaan with GasBuddy said there are still many questions that make it hard to determine what consumers can expect in the months ahead.   “Chin...

Cheaper gas prices are on the way say officials from GasBuddy.

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...

It’s been a downward week for oil prices, with prices dropping roughly $10 per barrel in the past seven days.  West Texas Crude was trading in the mid-$60 range in Monday’s action.  Patrick DeHaan with GasBuddy said last week, oil investors were concerned about the health of the U.S. economy.  He noted that conc...

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 climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead.  Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.   “Much ...

Oil prices continue the march higher we’ve seen through the first three weeks of 2023.  West Texas Crude was up slightly in Monday’s trade, around $81 per barrel.  Patrick DeHaan with Gasbuddy said there are several issues pushing oil prices higher, and tops on that list, China.   “Reopening its economy, the...