Axel Friedrich from Germany's Federal Environmental Agency says such growth cannot be sustained as traffic snarls increase in cities. Also, he says, more private cars aggravate pollution problems and increase economic costs because workers and cargo get stuck on jammed roads. Transport analysts say t...
The most famous historic event to do with gasoline and gas prices, the 1973 oil crisis began when the members of OPEC declared an embargo against nations that had supported, or appeared to support, Israel during the Arab-Israeli war earlier that year. This embargo meant that the United States...
The most famous historic event to do with gasoline and gas prices, the 1973 oil crisis began when the members of OPEC declared an embargo against nations that had supported, or appeared to support, Israel during the Arab-Israeli war earlier that year. This embargo meant that the United States...
Substitution happens when prices are high not at the lows of 2008. Substitution comes in many forms, freight shifting to rail from trucks, commuters moving from single vehicle to transit and car pools, wood substituting for fuel oil and propane, GTL substituting for oil, nat gas substituting fo...
Currently, the bilateral oil for gold trade is only available to what the U.S. would no doubt consider a 'basket of deplorables' in Iran and Russia...but just think what happens once that fully convertible oil contract is up and running...?
In 2023, the domestic refined oil, gasoline, and diesel market prices have shown an upward trend. The starting price of gasoline was 7,477.6 RMB/ton, and the ending price was 8,460 RMB/ton, with an annual price increase of 13.14%; At the beginning of the year, the price of diesel ...
In its most basic form, this means that you can speculate on the price of an asset goingdown. If the asset in question does drop in price, you will make a profit. And of course – if the opposite happens and the asset goes up in value, you will make a loss. ...
Gas prices have been holding a bit lower than they were at this time in 2023, but in a few weeks prices will automatically spike upward. It happens every year at this time when gasoline retailers are mandated to sell a new blend of gasoline commonly referred to as "summer blend." ...
The other key factor in determining oil prices is sentiment. The mere belief that oil demand will increase dramatically at some point in the future can result in a dramatic increase in oil prices in the present, as speculators and hedgers alike snap up oil futures contracts. Of course, the ...
Oil prices hit decade highs in March 2022 in response to Russia's invasion of Ukraine and the subsequent U.S. ban on imports of Russian oil. Shifting Trends Crude oil was a bigger contributor to inflation in the 1970s, when it was used much more intensively per unit of economic output...