Filed in Oil
Tuesday, August 02, 2011
Following a cumulative 9.9 cent gain over the previous three weeks, the Department of Energy’s Energy Information Administration (EIA) reported this week that the price per gallon of diesel dropped 1.2 cents to $3.937.
Monday, August 01, 2011
If natural gas continues to be significantly less expensive than diesel, it would make sense that some portion of the transportation sector would convert from diesel to natural gas. But in doing so, demand for diesel would decline relative to demand for natural gas—and this would cause price convergence. How are are we from this reality?
Wednesday, July 06, 2011
Prices dipped 3.8 cents to $3.85 per gallon, following a 6.2 cent decline last week, which represented the steepest weekly decline since falling 6.4 cents the week of May 23.
Friday, July 01, 2011
OPEC failed to revise production quotas, and upon learning of this decision, traders quickly bid the price back up
Wednesday, June 29, 2011
Even a casual media observer likely knows that natural gas is high up on the list of “topic du jour” lately. It is not all that surprising, considering that the price of diesel fuel—while down in recent weeks—is still about a dollar more per gallon than it was a year ago.
Tuesday, May 24, 2011
Diesel prices dropped 6.4 cents this week to $3.997 per gallon, according to the Department of Energy’s Energy Information Administration (EIA). This represents the single largest weekly decline since a 7.3 cent dip from the week of May 24, 2010.
Monday, May 23, 2011
While the current fuel situation may not be as dire as it was during the summer of 2008, when prices hit nearly $5 per gallon and $150 per barrel, shippers are bracing for prolonged pain at the pump, according to the results of a recent Logistics Management reader survey of roughly 250 logistics, supply chain, and transportation executives.
Thursday, May 19, 2011
The majority of recent news regarding the supply side of the equation strongly indicates a further tightening of oil and fuel supplies. Rather than taking my word for it, I present below a review and brief interpretation of recent news on supply coming from the largest oil producing countries.
Posted on 05/19 at 07:09 AM
Monday, May 16, 2011
With gas prices making everyone uncomfortable, again, those same old fears about energy prices are back in the forefront. But it does not have to be these way. In fact, it should not be this way—period. That is how T. Boone Pickens, founder and chairman of BP Capital Management, sees it.
Thursday, March 31, 2011
In a speech at Georgetown University yesterday, President Barack Obama outlined his plan to reduce the oil imported into the United States by one-third in the next decade.
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