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Lower oil prices are great for consumers, and they're one reason we might actually be able to afford gas this summer . However, not everyone likes to see the price of oil move lower, and it's pretty obvious that oil producers prefer higher prices.
After trading broadly flat through March, crude oil prices dropped sharply in early April. The price of Kuwait Export Crude (KEC) fell from a peak of $107 per barrel (pb) on April 2 to just under $100 ten days later. This was its first spell below
That pain you've been feeling at the pump these past few years isn't likely to be as severe this summer...According to the Energy Information Agency, or EIA, gasoline prices are projected to be an average of $3.63 this summer, the lowest since 2011.
During the 2012 presidential race, a couple candidates used that number as a way of showing how increased American production would lead to lower prices and higher energy security. The problem is, though, that despite the increase in production in
The national average price of gasoline is $3.69 per gallon and it is forecast to creep higher and could approach $4 by May. For the year, prices are forecast to average $3.61 per gallon, slightly lower than last year's record average of $3.63. "I
Although moving higher, these ETF's might make a good addition to your portfolio, as the upside looks good for each. I am looking at these three ETFs to find out why each is moving higher, while also suggesting a way to invest in ETFs with your
Gasoline prices are getting an early start on their annual spring march higher. The average U.S. retail price rose 13 cents over the past two weeks to $3.42 per gallon, and within a few days it will likely set a record for this time of year. The
Friday, Jan 25, 2013 Crude oil prices hit a three- month high on Friday, backed by improving sentiment towards global economic growth and geopolitical worries about the key producing region of North Africa following a terrorist attack in Algeria. ICE
Trends in US Fuel Consumption by Type, with 1994 = 1.0, based on EIA data. The amount of asphalt produced in 2012 was only about 70% as much as was produced in 1994. The reason for the shortfall in asphalt is partly because at current high oil prices,
Video France's President Francois Hollande holds a news conference at the end of a European Union leaders summit, in Brussels December 14, 2012. The two-day summit, the sixth and last of 2012, had been intended as a detailed discussion on how best to