Why gas prices are dropping A slide in the price of crude oil is driving gas prices down. October 8, 2023 Additional Live Streams Live ABC News Live Live Brush fire in Castaic, California Live Tracking brutal temperatures across the U.S., historic snow storm along the Gulf Coast; wildfire...
We have all heard at least a partial explanation as to why West Texas Intermediate (WTI) and Brent prices are so far apart. We have been told that the Midwest is oversupplied because of all of the Canadian imports, and the crude oil cannot get down as far as the Gulf Coast, because ...
Drivers are lining up to fill up before prices go up again."Right now we're basically in the eye of the storm," says Allison Mac, an analyst with GasBuddy.com. She says the problem is not the price of crude oil, which is holding steady at about $49 per barrel. The problem is at...
9. with the crashing oil prices the mullahs are beyond desperate (the price per barrel produced in iran already the lowest of the OPEC countries) and they can no longer easily sell oil on the black market thanks to the sanctions. *** trump also isn't sending planeloads of ...
OPEC sets oil production targets for its member countries, and if the targets are low, that can lead to higher oil prices worldwide. Geopolitical Events Geopolitical conflict and political changes can have a major impact on gasoline prices. For example, when Russia invaded Ukraine in 2022, the...
Besides, it wouldn't do much to help Germany, Japan or China deal with their specific set of problems. Nor is it clear that it would reverse the slide in corporate profits or the rise in corporate bond spreads -- both of which are combining to slam the brakes on the share-buyback pro...
“Of course, the cycle of rising oil prices leading to increased optimism which begets bullish bets on oil continues to press prices higher. However, it is also the exuberance which has repeatedly set up the next fall. As shown below, bets on crude oil prices are sitting near the highest ...
While gas prices are coming down, and many of us are feeling relieved and willing to possibly take a road trip now, the odds of gas prices going back up are favorable. Currently, the cost of crude oil is still above $90 a barrel, it would not be surprising to see prices begin to ...
Let’s look at a single asset portfolio first. Even for a portfolio of just stocks, you can see the problem. The stock portfolio in the table below is created to illustrate the effect. The stocks themselves are randomly selected and the prices are not current. This is to demo an effect...
Prices for both wheat and Brent crude oil — which feeds into food production and transportation costs — are about a quarter below their levels before the war. The wholesale price of natural gas, a key ingredient of fertilizers, is down 36% from its level immediately bef...