February 10th, 2009 @ MReed // One Comment
(More) After a period of decline, it seems as though oil is on the rise again, which is pushing both gasoline and diesel prices higher. While the price at the pump didn’t come down as much for diesel as it did for gasoline, both of them will be rising in the very near future, and [...]
January 20th, 2009 @ MReed // No Comments
(More) US markets were closed on Monday to celebrate Martin Luther King Jr.’s birthday, but oil fell below thirty-five dollars per barrel in European markets amidst concerns over reduced damage and recession issues. The issues that have been taking place in Gaza and Israel, as well as problems with Russia and the Ukraine have also [...]
December 10th, 2008 @ MReed // No Comments
(More) Sweet crude has come down, and it’s come down a lot. No one would have ever predicted that it would be down in price over $100 a barrel from where it was in the middle of July. There are several reasons for the decline, however. The recession is certainly the largest factor, because people [...]
October 16th, 2008 @ MReed // No Comments
(More) Oil prices declined below $79 per barrel this past Friday, explaining why consumers were able to enjoy relief at the pump over the weekend. The recent plunge is the lowest it has dropped in almost 13 months. Crude oil has declined by nearly 45% since exploding with a record high of $147.27 on July [...]
September 23rd, 2008 @ MReed // No Comments
(More) Even though Hurricane Ike didn’t do any long-term damage to the oil platforms in the Gulf of Mexico, oil is still on the rise. On Friday, oil went over $104 a barrel again, after being down below $100 for quite some time. Much of the reason for the dramatic increase came from the idea [...]
August 17th, 2008 @ MReed // No Comments
(More) As the demand for oil continues to decline the price of oil is declining right along with it. The price of oil has already dropped to under $114 for the first time since last May.Crude prices had been dropping quickly in recent weeks since the record high in July. Oil prices then took on [...]
