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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

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

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

21 Jul 2009 10:37

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Offbeat: Guy covered with gasoline, tased: Pardon me while I burst into flames

  • He was carrying a lighter and pouring himself with petrol. We don’t know if the lighter set it off or something from the Taser.
  • Inspector Bill Munnee of the West Australian Police • Describing the events that led to a man being set on fire. After covering himself with gasoline, the Australian man was charging at a police officer, who set off his taser and set the man on fire. Which sounds like an insane sight to watch – if you make horror movies, steal this scene for your next one. • 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

30 May 2009 15:43

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Biz, U.S.: Good news! We can complain about gas prices again!

  • 20% increase in gas prices in the last 32 days. Whoa.
  • 52% increase in gas prices since January 1. Double whoa. source
Posted by Ernie Smith • 0 Comments • Permalink
 

12 May 2009 09:42

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Biz: Summer’s closing in. Gas prices are on the rise again.

  • 10% or 20¢, increase in gas prices in the last 14 days source
Posted by Ernie Smith • 0 Comments • Permalink

08 Feb 2009 21:29

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U.S.: Gas is creeping up in price again

  • 6¢ national rise in prices in the last two weeks; it’s nearly $2 a gallon source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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