Filed in Oil
Saturday, October 01, 2011
Many believe that high or rapidly rising oil prices cause recessions; but in turn, during a recession, industrial production and demand for transportation decline. Consequently, the price for oil and fuel falls, and as it declines, the economy is stimulated.
Tuesday, September 20, 2011
This follows a 0.6 cent decline last week, which was preceded by a 5.8 cent gain over the previous two weeks.
Tuesday, September 13, 2011
Following two weeks in increasing prices after a month of declines, diesel prices dipped 0.6 cents to $3.862 per gallon, according to the Department of Energy’s Energy Information Administration.
Wednesday, September 07, 2011
Diesel prices were up for the second straight week following a month of declining prices, increasing 4.8 cents to $3.868 per gallon, according to the Department of Energy’s Energy Information Administration.
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.
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