Price at the Pump

Turbulence continues to be the name of the game for oil investors.  West Texas Crude and Brent were trading down by roughly 2% in Monday’s action.  Patrick DeHaan with Gasbuddy.com said thanks to new developments over the past couple of days, it’s not just tariffs and trade wars impacting oil prices.   “Including the potenti...

Oil prices have dropped roughly $10 a barrel in the past week, during what Patrick DeHaan with Gasbuddy.com has called a tumultuous week.  He noted a lot of this turbulence and unease is happening because of President Trump's tariffs coming in heavier and more significant than expected, increasing concerns of a global recession or slowdown.   “...

Iran, Venezuela, peace talks between Ukraine and Russia, and the struggling Chinese economy, there's lot for investors, specifically oil investors to focus on these days.  Patrick DeHaan with GasBuddy.com said that’s been the pattern for the oil community for the past two months.   “Essen...

Oil prices continue their downward trend.  West Texas Crude was down to $65 per barrel in Monday’s trade, while Brent Crude was trading around $66 per barrel, a nearly 2% decrease for both.  Patrick DeHaan with Gasbuddy.com says not only ha...

For the past couple of weeks, oil prices have held fairly steady at an elevated level, thanks to a variety of variables.  Patrick DeHaan with GasBuddy.com said one of the biggest issues on the minds of investors right now, is the 25% tariffs against Mexico and Canada that kicked in Tuesday.   “...

Oil futures moved higher Monday, after the United States imposed fresh sanctions on Iran.  The U.S. new sanctions on more than 30 brokers, shipping companies and tanker operators for their role in transporting Iranian oil.  According to Reuters, ...

Oil prices were holding steady, to up slightly in early Tuesday trade, following Monday’s jump higher, thanks to a drone attack on a pipeline reducing flows from Kazakhstan.  Both West Texas and Brent crude were trading slightly higher in Tuesday’s trade, at around $71 and $75 per barrel respectively.  CNBC noted the dron...

After weeks of promise, the Trump Administration announced tariffs against Mexico and Canada of 25% this weekend, plus an additional 10% tariffs against China.  While the tariffs were expected, it was still a shock to investors, with the Dow shedding over 500 points in early trade.  Oil pri...

Patrick DeHaan with Gasbuddy.com says oil prices have been all over the map this month as Washington D.C. transitions from one Administration to another.   “ President Trump, we've seen a lot of volatility and policies. We've seen some big movements in the price of oil,' DeHaan said.  "Oil pri...

Oil prices were lower in early Tuesday trade, as investors, and the world, try to ingest President Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the United States.  West Texas Crude was trading around $75 per barrel in early hours, down more than 2%.  Brent C...