Price at the Pump

Oil prices continue the downward slide, falling to the lowest levels since 2021.  Patrick DeHaan with Gasbuddy.com said prices, now below $70 per barrel for West Texas Crude, have been welcomed relief for drivers and consumers.   “By all metrics, oil prices being down has been good for gasoline and diesel prices, which both stand at the lowest levels in some time.”   DeHaan not...

Oil prices continue to shed the gains they saw in late July.  A barrel of West Texas Crude dropped roughly $2 in the past week, and is now sitting below $75 per barrel.  Patrick DeHaan with GasBuddy.com said the past couple of weeks have been a bumpy ride for oil.   “There's b...

To say oil prices have been volatile to start the month of August may be a bit of an understatement.  After dropping notably, oil prices rallied in the past week to nearly $80 per barrel.   “Week before last, we saw a better than expected jobless figure that added to concerns that potentially we wouldn't see the Fed cut interest rates," noted Patrick DeHaan is with GasBuddy.com.  "And th

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 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 ...

Despite oil prices holding or even slipping, fuel prices continue to move higher across the United States, a trend that started in late December.  West Texas crude traded lower in Monday’s action, down by a little more than 1%, coming in at $77 per barrel.  But gasoline ...

Recession fears dominated the headlines out of the World Economic Forum's meeting in Davos.  Those headlines continue to chip away at the optimism that stoked the market last week on prospects that fuel demand would increase in China.  The U.S...

Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022.  Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but a...

Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...

West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...