xcel
03-19-2009, 06:19 PM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg Gasoline still less than $2.00 per nationwide. (cleanmpg.com/forums/showthread.php?p=195509)
http://www.cleanmpg.com/photos/data/501/1_91_gasoline.jpgWayne Gerdes – CleanMPG (cleanpg.com) – Mar. 19, 2009
Do not get used to this if OPEC gets its way.
Crude Oil
Crude oil rose back above $50 a barrel for the first time in ten weeks, pushed higher by a weaker dollar, hopes of an economic upturn and a broader market view that OPECs supply-side contraction has now overtaken the losses on the demand side due to the recession.
US light crude today gained $2.40, or 5.2%, to close at $50.63 a barrel on the NYMEX.
Oil has gained more than 15% since the start of the year.
Oils gain can partially be attributed to the US Federal Reserve’s plan announced today to buy $1.2 Trillion dollars of government and mortgage debt to boost the economy. Helping the recovery, the additional monies sent the dollar lower against all major currencies with concerns about the increase in the money supply.
Gasoline
According to a government report released Wednesday, the national average price for gallon of regular unleaded fell for the first time in three weeks, slipping 3 cents to $1.91 per gallon.
The lowest average price occurred on the Gulf Coast states as a gallon of regular fell a penny to $1.81. The price in California dropped a little over 3 cents but the West Coasters are still paying the highest average price in the nation at $2.16 per gallon.
Diesel
The price of a gallon of diesel has fallen for the ninth week in a row. The national average price for a gallon of diesel fuel fell almost 3 cents to $2.01 per gallon. The Midwest remained the lowest in the nation with prices falling a little over 2 cents to $1.96 per gallon. The average price on both the Gulf Coast and Rocky Mountain regions finally slid below $2 a gallon for the first time since February, 2005. The highest prices could be found along the West Coast as a gallon of diesel slipped 3 cents to $2.09 per.
Residential Heating Oil
Consumer heating oil fell to the lowest prices of the season as demand slackens due to warmer temps across the country. Just like diesel given it is essentially diesel, residential heating oil fell for the ninth straight week with the average price falling 2 cents to $2.16 per gallon. Wholesale heating oil prices dropped 3 cents to $1.28 per gallon.
http://www.cleanmpg.com/photos/data/501/1_91_gasoline.jpgWayne Gerdes – CleanMPG (cleanpg.com) – Mar. 19, 2009
Do not get used to this if OPEC gets its way.
Crude Oil
Crude oil rose back above $50 a barrel for the first time in ten weeks, pushed higher by a weaker dollar, hopes of an economic upturn and a broader market view that OPECs supply-side contraction has now overtaken the losses on the demand side due to the recession.
US light crude today gained $2.40, or 5.2%, to close at $50.63 a barrel on the NYMEX.
Oil has gained more than 15% since the start of the year.
Oils gain can partially be attributed to the US Federal Reserve’s plan announced today to buy $1.2 Trillion dollars of government and mortgage debt to boost the economy. Helping the recovery, the additional monies sent the dollar lower against all major currencies with concerns about the increase in the money supply.
Gasoline
According to a government report released Wednesday, the national average price for gallon of regular unleaded fell for the first time in three weeks, slipping 3 cents to $1.91 per gallon.
The lowest average price occurred on the Gulf Coast states as a gallon of regular fell a penny to $1.81. The price in California dropped a little over 3 cents but the West Coasters are still paying the highest average price in the nation at $2.16 per gallon.
Diesel
The price of a gallon of diesel has fallen for the ninth week in a row. The national average price for a gallon of diesel fuel fell almost 3 cents to $2.01 per gallon. The Midwest remained the lowest in the nation with prices falling a little over 2 cents to $1.96 per gallon. The average price on both the Gulf Coast and Rocky Mountain regions finally slid below $2 a gallon for the first time since February, 2005. The highest prices could be found along the West Coast as a gallon of diesel slipped 3 cents to $2.09 per.
Residential Heating Oil
Consumer heating oil fell to the lowest prices of the season as demand slackens due to warmer temps across the country. Just like diesel given it is essentially diesel, residential heating oil fell for the ninth straight week with the average price falling 2 cents to $2.16 per gallon. Wholesale heating oil prices dropped 3 cents to $1.28 per gallon.