As Winter Storm Izzy begins to wind down in areas of the south, areas of the Northeast are expected to continue getting snowfall for the next few days. Izzy’s snow and ice conditions have disrupted travel since this weekend, with flight delays continuing at northern airports. With road conditions improving, fuel deliveries are slowly beginning, […]
This morning crude oil prices reached seven-year highs as geological tensions in the Middle East begin to pick up. Yesterday, a drone attack in Abu Dhabi claimed the lives of three people, destroyed three fuel tankers, storage facilities, and injured many more. Yemen’s Houthi movement, a movement closely associated with Iranian dealings, has claimed responsibility […]
Oil prices are back on the rise after taking a brief pause yesterday, with WTI crude oil trading within striking distance of $83/bbl. The high-water mark is $84.65, which was the closing price on October 26, 2021. Beyond that price, we’d have to look back to October 2014 for comparably high prices – back when […]
This week was stacked with important headlines including what to expect to pay at the gas station in 2022, freezing temperatures in major cities, prices reaching two-month highs, and surging oil prices predicted for 2023 and beyond. According to the U.S. Energy Information Administration (EIA), expect crude oil prices to hover around the $70 mark […]
Today conflicting political news is shining a light on oil production under the Biden administration. On one hand, this week the Biden White House reversed Trump-era Arctic Drilling plans, revoking permits released years ago. On the other hand, a report from the Energy Information Administration now forecasts that oil production will rise to an all-time […]
This morning oil prices are reaching a two-month high as new concerns of how Omicron could severely impact demand are flooding the market. WTI crude oil opened the day at $81.38, diesel at $2.5638, and gasoline $2.3477. Today marks the highest prices that oil have risen since November 11 and the first time that oil […]
Drivers, get ready for $4 gas Americans all over the country have been paying higher prices at the pump. And if Omicron doesn’t result in another round of widespread lockdowns or crackdowns on social gatherings, we can expect to see record-high gas prices nearing $4 a gallon in dozens of states this year. Click Here to read […]
We knew that this winter would be one to remember, as many suggested it could be the coldest in quite some time. Although NOAA predicted a warm winter back in October due to the presence of La Nina conditions, more recent forecasts point to a long, frigid winter. Over the past few weeks, we have […]
Over the past few months, we have been accustomed to higher prices when filling up our cars. In some areas, gasoline was over $4 per gallon, contributing to a seven-year high for consumer oil prices at the pump. Over the past year as the cost of crude rose, so too did prices at retail gas […]
Fuel prices continue rising to new heights, with WTI crude nearing $80/bbl and diesel coming within a few pennies of $2.50 per gallon. The recent gains may feel a bit like the January Effect, which postulates that markets are re-buying positions sold in December for tax reasons. However, there are reasons to believe the rally […]
