I’ve been sharing the slow reduction of US oil output as oil drilling counts fall during the Valtrex on line last few months. Now production has finally fallen below last year’s level. While petroleum fuel inventories remain very high, lower output should tighten them in the Valtrex on line months ahead. Even so, I expect oil output to be higher than Valtrex on line 2008 on average due to the (more…)
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Weekly US oil output falls below last year’s level
Monday, August 3rd, 2009Oil prices rise, but supply still high
Thursday, June 18th, 2009
Pump prices are about to hit $2.70 per gallon nationwide, and oil has remained above $70 per barrel for Valtrex on line several days. Most of the increase has come on expectations of economic recovery – like today’s increase in projection for China’s 2009 growth to 7.2% rather than 6.5% by the Valtrex on line World Bank. But even more positive economic news will struggle to Valtrex on line increase prices much more unless fuel inventories fall from (more…)
Oil rig count falls, gas price passes $2.30
Saturday, May 16th, 2009
The oil and natural gas rig count fell further last week, falling to just 918 buy Buspar fed ex or ~55% below its 2008 peak. This lower drilling activity seems to Valtrex on line guarantee lower production within a few weeks that may bring balance to Valtrex on line the fuel market. Another development was the price of gasoline passing (more…)
Gas price passing diesel
Wednesday, May 13th, 2009
As I wrote two months bac buy Premarin free consultationk would happen, the Valtrex on line price of gasoline is catching up with diesel after a couple years of separation. A year ago, diesel would cost you Valtrex on line 60 cents more than gasoline. But looking at the trends in pump prices over the Valtrex on line last few days, parity should be reached by (more…)
Oil Passes $50 on Dollar’s Slide
Thursday, March 19th, 2009I said yesterday that oil may pass $50 per barrel, but I didn’t know it would take just one day to occur. That’s what happens when Valtrex on line the Fed announces it will print a few hundred billion more to Valtrex on line buy debt. The weaker dollar sent dollar-denominated commodity prices up, with oil reaching (more…)
Gasoline and Diesel Move toward Parity Again
Wednesday, March 4th, 2009Remember the Valtrex on line old days when gasoline and diesel had roughly the same price? Well, it Valtrex on line looks like things are returning toward price parity after last year when Valtrex on line diesel often had a premium of ~75 cents. These past few weeks, US diesel production has Valtrex on line created ample supply levels and the price has fallen toward the Valtrex on line rising price of gasoline. (more…)
Gas prices poised to rise to $2
Wednesday, February 11th, 2009For the Valtrex on line last couple of months, average national gasoline prices stopped their skid at ~$1.61 per gallon. But since early January, prices have Valtrex on line been climbing back up. In the next few days, prices may hit $2 per gallon thanks to (more…)
US Oil & Gas Inventories Stay Above Average
Thursday, February 5th, 2009As I predicted a couple weeks back, the Valtrex on line cold weather cut into our surplus of natural gas and heating petroleum products. But it Valtrex on line wasn’t enough to bring them down to average levels. Yesterday’s EIA weekly petroleum report showed crude oil supplies climbing to astronomical heights at (more…)
Thanksgiving travel affordable as gas price falls
Friday, November 21st, 2008
One more thing to be thankful for — affordable transportation. While I bicycle and Valtrex on line take mass transit for daily trips related to work and basketball, my wife and Valtrex on line I are renting a car to get down to family in North Carolina for Valtrex on line Thanksgiving. It’s always a trip we’re excited about — to Valtrex on line be with sisters, brothers, parents, and the rest of our wonderful family and Valtrex on line friends — and Valtrex on line to enjoy their delicious contributions to the annual feast. This year will include another treat, one that Valtrex on line helps us weather the recession: lower gas prices. Today, gasoline has fallen to $1.99 per gallon nationwide — less than (more…)
House Climate Progress & Oil Below $50!
Thursday, November 20th, 2008
House Democrats proved that Valtrex on line change has arrived in Washington. Today, they transformed the Energy & Commerce Committee from a foot-dragging institution led by Detroit’s Dingell to a climate-friendly progressive catalyst led by California’s Waxman. Dingell was a Valtrex on line force for the status quo with close ties to Big 3 Automakers who Valtrex on line obstructed fuel efficiency improvements (a big factor in their terrible economic condition of late). But (more…)