Filed in Oil
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.
Wednesday, March 30, 2011
While looking at mainstream media news sites today, an item in The New York Times caught quickly caught my attention. Maybe it caught your attention, too. Here is the headline: “Obama to Set Goal of One-Third Cut in Oil Imports.”
Posted on 03/30 at 11:53 AM
Diesel Prices •
Monday, March 21, 2011
Words cannot describe the human and emotional impacts of the devastating Japan earthquake, tsunami, and the still-unfolding nuclear disaster at the Fukushima Daiichi power plant. Nearly half a million people have been displaced, forced to find shelter from the snow and freezing temperatures, and the death toll—currently estimated to be 6,911—continues to climb with more than 10,000 people still missing.
Posted on 03/21 at 12:13 PM
Tuesday, March 15, 2011
In the previous Oil & Fuel column, I explained that throughout 2010 and early 2011 tight diesel markets had been pressuring the price of crude in much the same way that they did during the 2008 price run. My intention was to write a follow-up article this month that compared the factors underpinning tight diesel markets then and now. However, the rising turmoil in the oil-rich Middle East and North Africa (MENA) region has taken the markets by surprise, and thus deserves attention.
Posted on 03/15 at 01:44 PM
Diesel Prices •
Tuesday, January 25, 2011
Diesel prices were up again, rising 2.3 cents to $3.430 per gallon for the week of January 24, according to data released this week by the Department of Energy’s Energy Information Administration (EIA). The EIA added that current prices are up 59.7 cents per gallon compared to last year.
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Monday, January 03, 2011
Based on what various newspaper articles and other reports are saying about the economy’s growth prospects for 2011, it stands to reason there is a healthy sense of optimism in the air, when it comes to assessing the economy as we prepare to dig into what is likely to be an eventful year.