US Gas Prices Highest Ever for This Time of the Year
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US Gas Prices Highest Ever for This Time of the Year

Salem : OR : USA | May 05, 2011 at 11:42 PM PDT
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Playing the oil prices money game

Gas prices are making new highs for this time of the year in the US and it is putting pressure on an already weak economy. Gas prices averaged over 3.96 a gallon this month and consumers may be wondering when, if ever, they will get a break. Thankfully crude oil futures recently fell back near $100 a barrel after jumping far past $100 last month. Although domestic demand for oil has fallen since the surge in oil this year, the fall in crude has not yet made its way to the pump.

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Crude oil prices surged to 147.50 dollars per barrel in July 2008
Crude oil prices surged to 147.50 dollars per barrel in July 2008
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  • Crude oil prices slump; are gas pump prices next?

    USA Today
    Crude oil prices sank Thursday, pushing the benchmark West Texas Intermediate crude down 9% to $99.80 a barrel on the New York Mercantile Exchange , the first time it has closed below $100 since mid-March. "If these price levels stick, it's great...
  • Oil plummets as unemployment claims rise

    Seattle Post Intelligencer
    Oil tumbled nearly 7 percent Thursday on a sharp rise in the dollar and a jump in applications for unemployment benefits. Benchmark West Texas Intermediate crude for June delivery gave up $7.55 at $101.72 per barrel on the New York Mercantile...
  • Oil Sinks Below $100

    KTUV
    Oil prices plunged more than 8 percent Thursday as weak economic data and a strengthening dollar drove crude to its biggest one-day drop since April 2009. The main U.S. oil contract for June delivery settled down $9.44, or 8.6 percent, to $99.80 a...
  • Price of PTTEP products expected to rise in line with oil and gas prices

    The Nation
    Yadana, Yetagun and Bongkot fields to reflect the increasing global oil prices. Meanwhile, the selling price of crude oil is likely to continue rising if the global price of oil stands at more than US$115 per barrel. "The selling price outlook for...
  • Oil prices extend slump, Brent drops under $120 (AFP)

    Turks and Caicos Free Press
    Oil prices fell further on Thursday amid evidence of weak energy demand in the United States, analysts said. Brent North Sea crude for delivery in June slumped $1.77 to $119.42 per barrel in London trade. New York's main contract, light sweet crude...
  • Oil above $100 as traders eye weak US jobs market (AP)

    Turks and Caicos Free Press
    Oil prices inched above $100 a barrel Friday in Asia, consolidating after a sharp drop in the previous session amid investor concern a weak U.S. jobs market may undermine crude demand. Benchmark crude for June delivery was up 43 cents at $100.23 a...

Blogs

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  • Fuel Fix » Oil tumbles as unemployment claims rise

    fuelfix.com
    Oil tumbles as unemployment claims rise.
  • Price at pumps heads toward record

    www.wrn.com
    “When this whole climb in gas prices started, crude oil was trading in the $85 a barrel range, and Friday closed at its highest level since 2008, at almost $114 a barrel. That is really what's driving the increases at the pump. ...
  • Oil Prices Finally Going Down - OMGWire

    omgwire.com
    Oil prices plunged as much as 7% Thursday as weak economic data and a strengthening dollar drove crude sharply lower. The main U.S. oil contract for June delivery were down $6, or 6%, to $103.25 a barrel midday. ... A weak number there has the
  • Crude Oil Falls Below 0 a Barrel | Forex Mentor

    forex-mentor.net
    For the day, crude oil for June delivey in New York trading tumbled $9.44 a barrel, or 8.6 percent, to settle at $99.80. Almost all commodities prices took a tumble on Thursday. Gold for June delivery dropped 2.2 percent, or $33.90, ...
  • Fuel Fix » Oil falls below $110 a barrel as supplies grow

    fuelfix.com
    EIA said the four-week average of wholesale gasoline demand also dropped for the sixth straight week. So far the drop in consumption hasn't kept pump prices from rising. Gasoline has increased for 43 days straight, hitting a national ...
  • Gas prices continue run towards all-time record - WGMD.COM

    www.wgmd.com
    In its weekly report, the U.S. Energy Information Administration (EIA) data showed crude stocks increased 6.2 million barrels to 363.1 million barrels. Gasoline stocks fell for the tenth straight week by 2.5 million barrels to 205.6 ...

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