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20 Sep 2011 00:33

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U.S.: Good news: Gas prices are down, but not from a year ago

  • $3.60 the average price of gasoline in the U.S.
  • -35¢ the decrease in price from May’s peak
  • +87¢ the increase in price from a year ago source
  • » What caused the increase? To put it simply, many analysts point to the civil war in Libya for inflating the price of gas, as it took 1 million barrels of oil out of the supply chain each day, raising the price of oil by $20 per gallon at its high point. The recent successes the rebels have had since NATO started its air strikes exactly six months ago tonight have helped to bring the prices down to more manageable levels. Seasonal factors are also at play, and with Labor Day behind us, gas prices should continue to decline through Christmas.
Posted by samimain • 0 Comments • Permalink

15 Aug 2011 22:30

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U.S.: Arizona: Home of the Grand Canyon and the country’s cheapest gas

  • desert Quick, road trip to Arizona! The state has seen the lowest gas prices of the country since early July. Residents of the state pay an average of $3.347 per gallon, and if you’re in Tucson, you’re paying a fairly svelte $3.255 per gallon.
  • oasis? Quick, road trip to — uh, maybe not. The islands of Hawaii show the country’s highest price per gallon since March: over $4. But you wouldn’t be able to drive to Hawaii anyway, unless your car was equipped with fins. source
Posted by samimain • 0 Comments • Permalink

19 May 2011 17:18

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U.S.: Senate bill to expand offshore oil leasing fails

  • 42 “yes” votes in Senate vote to start offshore oil lease sales again source
  • » And 42 votes is, obviously, not enough. The Senate GOP brought this vote to the floor, and as it lost comfortably by eight votes, they probably considered it doomed to fail from the get-go. As such, this looks like a show vote, less designed to impact policy (though I’m sure the GOP wouldn’t have minded getting it through) than to court political favor. As increased offshore oil drilling would have minor if any effect on the domestic gas prices (global market and all that), this bill serves two goals: make people think Democrats are keeping gas prices high, and remind big oil that despite recent talk of stripping industry subsidies, the Republican Party still has their back.
Posted by Chris Tognotti • 0 Comments • Permalink

28 Apr 2011 11:11

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Biz: ExxonMobil, Shell making a crapload of money off high oil prices

  • 69% quarterly profit increase for ExxonMobil source
  • » And yet you’re paying $4 a gallon for gas: The world’s most iconic oil company scored $10.65 billion in profits for the quarter, which is at least in part due to the fact that oil is currently over $100 a barrel. While the company had other factors in play, other companies are getting same the oil-price bump: Shell, for example, had a 30 percent leap in profits. Maybe we’re crazy here or something, but … isn’t there a point where you hand these profits down to the consumer? You can afford it.
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2011 00:06

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U.S.: Gas Rising: Six states in the US pay at least $4.00 per gallon

  • $4.48 average cost per gallon for gas in Hawaii, the most expensive in the nation
  • $3.54 cost per gallon in Montana, the state with the cheapest gas
  • 26 days straight; that’s how long gas prices in the US have been rising source
Posted by Seth Millstein • 0 Comments • Permalink

12 Apr 2011 11:23

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Biz: The weather’s getting nicer? Time to start bitching about gas prices

  • $4.11 the average peak price per gallon that gasoline reached back in July of 2008
  • $3.77 the current national level, culled from a survey of 100,000 gas stations nationwide
  • six the number of states reportedly paying more than $4 per gallon right now source
Posted by Ernie Smith • 0 Comments • Permalink

07 Mar 2011 01:02

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Biz: Mideast ripple effect: Gas prices’ second-highest spike ever

  • 32.7¢ the increase in gas prices in the past two weeks, caused by the drama in the Middle East – the second-largest jump on record
  • 38.44¢ the largest jump in gas prices on record, which happened in 2005 – immediately after this storm called Hurricane Katrina source
Posted by Ernie Smith • 0 Comments • Permalink
 

06 Mar 2011 21:24

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U.S.: Obama’s thinking of pulling oil from our backup supply

  • problem Gas prices are rising rapidly, as a result of the drama going on in the Middle East at the moment. Oh no, $4 a gallon? Whatever shall we do? Society will fail miserably without cheap petrol in our tanks!
  • solution? Obama’s considering tapping into our strategic oil reserves, according to White House chief of staff, William Daley. Whew. All this excitement! Where is our fainting couch when we need it? source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jun 2009 10:18

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Biz, U.S.: Good: Retail spending went up. Bad: It went up ’cause of gas prices

  • +0.5% the increase in retail sales during the month of May
  • +3.8% the increase in sales at filling stations alone. Boo. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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