Gas & Oil News

We have Crude Oil now at $60.98 for today's high and settling at $60.54 a barrel. When it comes to Crude Oil, supply and demand are at equilibrium and that's a problem when you try to make since out of the price increases. Supply & Demand at Equilibrium, should cause Price to be stable. Not with Crude Oil. Crude Oil is so important in making everything else work, that the Keepers of the World's Crude Oil Inventories will buy what they need to satisfy their Demand no matter the cost. They carefully watch the Supply Chain and try to foresee potential disruption possibilities. Any negative news or rumors from; the geopolitical arena, certain regional weather conditions, oil fields, global refineries, the chain of distribution, will cause oil to sell at a higher price, because of the fear of a disruption!
The National Average for Regular Unleaded Gasoline has, is, and will keep going up. The AAA Motor Club posted $2.203 a gallon for Regular Unleaded Gasoline today. That's only 7.3 cents off the all time high of $2.273 set on April 11, 2005. And if Crude Oil stays near or at $60 a barrel, the price of gas will shoot up to about $2.30 a gallon in the next Two weeks!

For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

$60 a barrel Oil is on longer a fear, but a reality! Today Crude Oil sold at a high of $59.95 a barrel, passing a feared $60 a barrel milestone Wednesday and Thursday. Things are getting very slippery on the highway to higher oil and gas prices. As of today The National Average for Regular Unleaded Gasoline went for $2.19 at the pump. Be prepared to pay more for gas in the days to come because the price of Crude Oil is unstable do to geopolitical factors and supply disruption worries.

Hybrid and biodiesel cars offer alternative to gas guzzlers:
http://onmilwaukee.com/market/articles/altfuel.html?7171
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

What a week when it comes to the price of Crude Oil. Since last Monday Crude Oil has increased $3.75 a barrel to a new record high of $59.85 and settling at $59.37 today. It seems the driving force behind this current serge in price is the sustained fear supply will soon be outstripped by demand and refinery shout falls. This casts a bleak out look on the price of distillates.
The National Average for Regular Unleaded Gasoline moved up 6/10ths of a Cent to $2.146 a gallon over the weekend under pressure of falling U.S. inventories. Strong demand with no sign of letting up will also add to the upward price pressure on Gasoline and Diesel Fuel.
Oil Prices Hit New Intraday High Near $60
http://apnews.myway.com/article/20050620/D8ARGM000.html
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Crude Oil hit a new all time high today reaching $58.60 and settled at $58.47 a barrel.
The National Average for Regular Unleaded Gasoline moved up another 4/10ths of a Cent to $2.14 a gallon.
Serious speculators have to be thinking about $60 plus Oil.

Looking at the other side of the coin, Here's some good information!
A Guide To Hybrid Vehicles:
http://www.mixedpower.com/modules.php?name=News&file=article&sid=612

For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Up 4/10ths The National Average for Regular Unleaded Gasoline is at $2.136 and is on the move again. Crude Oil is still responding to the announcement OPEC made yesterday, that the oil price spike is beyond its control.
Crude Oil hit a high of $56.90 and settled at $56.58 a barrel up $1.01 for the day.

In the last 4 weeks Crude Oil has gone up $9 a barrel, up 28% for the year:
http://money.cnn.com/2005/06/16/markets/oil.reut/index.htm
OPEC says oil price spike beyond its control:
http://www.reuters.co.za/locales/c_newsArticle.jsp;:42adab1b:5f84df2baf1bebea?type=businessNews&localeKey=en_ZA&storyID=8774862
OPEC Quota Increase Fails to Halt Price Increases
http://www.zaman.com/?bl=hotnews&alt=&trh=20050616&hn=20759
Opec blames West for oil price:
http://business.timesonline.co.uk/article/0,,9072-1654413,00.html
OPCE barks, but it's losing its bite:
http://money.cnn.com/2005/06/15/markets/opec_oil/index.htm

For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average for Regular Unleaded Gasoline is 1/10th of a Cent off yesterday and is now at $2.132. That is its first negative move in Twelve days. But don't hold your breath because the price of Crude Oil is responding to the announcement OPEC made, that the oil price spike is beyond its control. This is a Refinery issue not a lack of Crude Oil supplies. Crude Oil hit a high of $56.75 and settled at $55.57 a barrel today.
OPEC says oil price spike beyond its control:
http://www.reuters.co.za/locales/c_newsArticle.jsp;:42adab1b:5f84df2baf1bebea?type=businessNews&localeKey=en_ZA&storyID=8774862
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Up, up and away go gas prices! The National Average for Regular Unleaded Gasoline is still on the rise. For the Twelfth day in a row prices at the pump have increased nation wide and are now at $2.133.
Crude Oil is bubbling, selling at a high of $55.90 and settling at $55 a barrel for the day.
With the summer driving season just starting to put upward price pressure on Gasoline, and Crude Oil only about $3 a barrel off the all time high, expect higher prices at the pump and no relief in sight!
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
http://www.bettergasmileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average for Regular Unleaded Gasoline has gone up Eleven days in a row and is at $2.13 a gallon, coupled with Crude Oil hitting $56 a barrel and settling at $55.62 up $2.08 on the day, gasoline prices will continue to inch up for the near term.
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

It seems the U.S. dodged another bullet when it comes to gasoline prices, Hurricane Arlene is making it's way through the Gulf of Mexico without causing any major problems or closures on the oilrigs in that region. But there still is an upward pressure on the price of gasoline at the pumps.
National Average for Regular Unleaded Gasoline has increased to $2.127 another 3/10's of a Cent since yesterday.
Crude Oil sold at a high of $55 a barrel settling at $53.54 on the day, which leads me to think this price range is going to be here for the near term.
Psychology, not use, driving oil price:
http://www.chron.com/cs/CDA/ssistory.mpl/business/energy/3210855
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Monday, Tuesday, Wednesday and Today, the National Average for Regular Unleaded Gasoline has been moving up. It has increased 2.6 Cents a gallon since last Friday and is at $2.124 per gallon.
The price of Crude Oil Today settled at $ 54.28 a barrel only 22 Cents off of the days high of $54.50.

Few people realize, that Weather can affect the price of Crude Oil and Gasoline but it can and will. There is a Tropical Storm brewing and it looks like it's heading for the Gulf of Mexico. If this storm is fierce enough to cause a shut down of the oilrigs in that area, it will drive both the price of Crude Oil and Gasoline up.
Arlene Churns on Path Toward Gulf Coast:http://www.washingtonpost.com/wp-dyn/content/article/2005/06/09/AR2005060900471_pf.html
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

National Average for Regular Unleaded Gasoline moved up 3/10's of a Cent to $2.098 per gallon. Yesterday I mentioned it might be going up soon. Wow! That was fast!
Crude Oil sold higher again today topping at $55.15 settling at $55.07, 8 Cents off the days high.
I gathered together several articles about the Pros & Cons of Hybrids for your weekend reading enjoyment!
Davitte’ Lanier
Petroleum Industry Analyst
Fuel efficiency, hipness lure more consumers to hybrids:
http://www.gazetteextra.com/hybridss052205.asp
County ready to put hybrid cars into fleet:
http://www.newsreview.info/article/20050518/NEWS/105180076
Hello hybrid:
http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20050518/BIZ01/505180313/-1/CINCI
Toyota to Build Hybrid Camry Sedan at Kentucky Plant:
http://www.bloomberg.com/apps/news?pid=10000080&sid=aRpdVgxyShFA&refer=asia
High Demand For Hybrid SUV:
http://www2.kval.com/x30530.xml?ParentPageID=x2649&ContentID=x50054&Layout=kval.xsl&AdGroupID=x30530
More consumers turning to efficient hybrid vehicles:
http://www.aberdeennews.com/mld/aberdeennews/news/11450354.htm
Are hybrids worth the price?
http://money.cnn.com/2005/06/01/Autos/hybrid/index.htm
Calculating the savings of driving a hybrid:http://news.cincypost.com/apps/pbcs.dll/article?AID=/20050528/BIZ/505280304/1001

Gas & Oil News

National Average for Regular Unleaded Gasoline stayed at $2.095 from yesterday. It looks like the price of gas won't be getting any cheaper and may go up again because the price of Crude Oil is starting to show strong signs of upward price pressure.
Crude Oil sold on the high side at $55.45 and settled at $53.63 a barrel today.
Davitte’ Lanier
Petroleum Industry Analyst
A gasoline primer:http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_338544.html

Gas & Oil News

Crude Oil is on the move up once again, selling at a high of $54.70 and settling at $54.60 up $2.63 for the day. That is a big move up for one day, and settling close to the high of the day, leads me to believe we may see more of the same in the days to come!
National Average for Regular Unleaded Gasoline today is $2.095 a gallon, up 2/10's of a Cent. This is its first move up since the steady decline for the past several weeks leading up to Memorial Day. The Gasoline Price Pendulum may be starting its swing up!
Davitte’ Lanier
Petroleum Industry Analyst