Price At The Pump: Venezuela And Oil Prices
Oil prices remain fairly soft as we start December, and that’s thanks to international news.
Ukraine
Price At The Pump: Oil Prices Expected To Drop In Remaining Weeks
Patrick DeHaan with Gasbuddy.com said talk of a potential peace deal between Ukraine and Russia, brokered by the United States encouraged oil prices to dip.
Black Sea Grain Port Attacked
Wheat markets were on alert Friday as traders assessed the impact of a major drone strike on Russia’s Black Sea port of Novorossiysk, a critical transit point for grain and crude oil exports,
Price At The Pump: Back-And-Forth Oil Prices Continues
Once again, oil prices not moving much from the low to mid-$60 per barrel range. It’s a trend we’ve seen for several months.
Price At The Pump: Could There Be A Glut Of Oil?
Oil prices have traded lower for much of the past 96 hours, due primarily to growing optimism that an end to Russia’s war in Ukraine may be in sight.
Farmers Feeling The Cost Of Fertilizer Across The PNW, Nation
Fertilizer to grain cost ratios are hitting historic levels, and one Senator is urging the White House to protect farmers and be flexible on fertilizer tariffs.
Price at the Pump: Israel/Iran Push Oil Prices Higher
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.
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Price At The Pump: Prices In The Middle Of A Tug Of War
Oil prices moved higher in Monday’s trade, spurred primarily by OPEC’s recent announcement that it would increase production next month by over 400,000 barrels. While that is a hefty increase, Patrick DeHaan with Gasbuddy.com said the announce...
Price at the Pump: Two Steps Forward, Three Steps Back
The seesaw action of oil prices continues, as West Texas and Brent traded slightly higher in Tuesday morning's action; $62 and $65 per barrel respectively. Patrick DeHaan with Gasbuddy.com said oil prices remain challenged compared to where they started the year.
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Price at the Pump: OPEC To Produce More Oil, Prices Drop
After weeks of speculation, OPEC made it official this weekend, announcing they will restore oil production at a faster clip than expected. Patrick DeHaan with Gasbuddy.com said the increased production will start in June.
“Raising production by over 400,000 barrels a day," DeHaan noted. "OPEC has really b...