Gas & Oil News

The deluge that overwhelmed the central southern region of the US has crippled a dozen oil refineries and reaped havoc throughout the petroleum supply chain. Bush has opened the Strategic Oil Reserves to help offset the Crude Oil disruption but that will not do anything to curb the inevitable price spike soon to come at the pumps. All the Crude Oil in the world will not translate into usable gasoline without refinery capacity, and that has been, and now more than ever is the problem with US gasoline prices.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Light Crude Oil blew right through the 70's today along with the winds of "Katrina"! The damage reports to refineries in that region won't be available for several days. There have been reports some drilling platforms are adrift in the Gulf and the worst is yet to come. Half of all US Crude Oil enters through The Gulf of Mexico and it will take weeks and in some cases months before systems and production will be back to pre-storm levels. This will cause a vertical move for prices at the bump and the time is approaching for refineries to start building up inventories of heating fuels, another tax on a half broken system.
Markets across the globe have taken a hit due to potential world wide economic slow-down caused by the impact of Katrina!
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

We have all dodged a bullet that could have very well sent Crude Oil much higher than the record it set today selling at a high of $69.10. But look out for the next couple of days. The temporary disruption of the supply of Crude Oil caused by "Katrina" has put the markets on edge, to say the least. It was good news the storm didn't do nearly as much damage as was first feared. It will take some time to get all the systems back on line to bring the supply of Crude Oil back to pre-storm levels. The majority of normal operations will be back on line in the matter of days, or in some cases weeks, depending on where and how hard they were hit. In the worst damaged areas it could take up to 6 months to resume full production and this will add a long-term drain on supply that will reflect in gasoline prices at the pump.
The National Average Price for Regular Unleaded Gasoline inched up Two Tenth's of a Cent from Friday and is at $2.603 a gallon. Expect 10 to 20 cent a gallon price increases at the pump this week!
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Do to a computer malfunction I was unable to post "Gas & Oil News yesterday. Things haven't changed much Tropical Storm Katrina is still putting upward price pressure on Crude Oil.
Light Crude Oil did a turnaround today selling as high as $67.95 at mid-day and settled at $66.13 down $1.36 a barrel from yesterday.
Gasoline prices dribbled back again 2 tenths of a cent. The National Average Price for a Gallon of Regular Unleaded Gasoline is at $2.601, expect another round of price increases at the pump this next week.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Tropical depression 12 is about to enter the Gulf of Mexico VIA the southern tip of Florida in a Westward sweep and has just been up-graded to a Tropical Storm named Katrina. This could mean a restriction in the supply of Crude Oil in that region that will add up-ward price pressure on both gas and oil.
Depression 12 Track Map:
http://www.nhc.noaa.gov/ftp/graphics/AT12/refresh/AL1205W5+GIF/1A.gif
Tropical Depression Could Hit Florida:
http://www.lasvegassun.com/sunbin/stories/nat-gen/2005/aug/23/082306277.html
Light Crude Oil set a new record again today selling as high as $67.40 and settled at $67.32 up $1.61a barrel from yesterday. With Crude closing on the high side and with concerns of supply disruptions across the globe, for numerous reasons, I can see barrel prices tipping $70 soon.
Gasoline prices dribbled back 4 tenths of a cent. The National Average Price for a Gallon of Regular Unleaded Gasoline is at $2.607 and with Crude Oil up to new price levels expect another round of price increases at the pump this next week.
Oil price inches higher on demand worry:
http://english.people.com.cn/200508/24/eng20050824_204278.html
Here is a very interesting twist of events:
Chavez offers cheap gas to poor in U.S.
http://www.cnn.com/2005/WORLD/americas/08/23/chavez.gasoline.reut/index.html
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Tropical depression 12 is about to enter the Gulf of Mexico VIA the southern tip of Florida in a Westward sweep and has just been up-graded to a Tropical Storm named Katrina. This could mean a restriction in the supply of Crude Oil in that region that will add up-ward price pressure on both gas and oil.
Depression 12 Track Map:
http://www.nhc.noaa.gov/ftp/graphics/AT12/refresh/AL1205W5+GIF/1A.gif
Tropical Depression Could Hit Florida:
http://www.lasvegassun.com/sunbin/stories/nat-gen/2005/aug/23/082306277.html
Light Crude Oil set a new record again today selling as high as $67.40 and settled at $67.32 up $1.61a barrel from yesterday. With Crude closing on the high side and with concerns of supply disruptions across the globe, for numerous reasons, I can see barrel prices tipping $70 soon.
Gasoline prices dribbled back 4 tenths of a cent. The National Average Price for a Gallon of Regular Unleaded Gasoline is at $2.607 and with Crude Oil up to new price levels expect another round of price increases at the pump this next week.
Oil price inches higher on demand worry:
http://english.people.com.cn/200508/24/eng20050824_204278.html
Here is a very interesting twist of events:
Chavez offers cheap gas to poor in U.S.
http://www.cnn.com/2005/WORLD/americas/08/23/chavez.gasoline.reut/index.html
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

According to the AAA Motor Club, The National Average Price for a Gallon of Regular Unleaded Gasoline set another record today! The average price for a gallon of Regular Unleaded Gasoline increased 1.3 cents from Friday, and is now at $2.614 setting a new record. What's new?....
The Price of Crude Oil is doing a slight "Side Step" before what looks like another fear induced jump in price! Selling at $66.25 and settling at $65.45 up 10 cents from Friday...
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com
Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

It's the same old story, "One step back, and two steps forward on the old Crude Oil Dance Floor"!
Light Crude Oil sold as high as $65.50 and settled at $65.35, $2.08 a barrel over yesterday.
According to the AAA Motor Club, The National Average Price for a Gallon of Regular Unleaded Gasoline set another record today! The average for a gallon of Regular Unleaded increased 1.5 cents from yesterday and is now at $2.601. These daily increases are getting smaller indicating we may be seeing Pump Prices leveling off soon.
As long as the World Supplies of Crude Oil aren't put under any more stress, barrel prices should begin to stabilize.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Crude Oil may very well have found a new price level. Light Crude Oil settled 2 cents higher from yesterday at $63.27 a barrel.
On the other hand, The National Average Price for a Gallon of Regular Unleaded Gasoline increased 2.2 cents from yesterday and is now at $2.586 a gallon.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Good news for Oil and bad news for Gas!
The good news today was Light Crude Oil dropped almost $3 and settled at $63.04. This comes on the news refineries have ample supplies to last through the summer driving season.
The bad news is The National Average Price for a Gallon of Regular Unleaded Gasoline increased another 4 cents from yesterday and is now at $2.564 a gallon,
setting yet another record.
With Crude Oil showing some sings of pulling back from that record breaking run-up last week, Gasoline Prices should start leveling off in the up coming week.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Up, up and away! So goes the price at the gas pumps and the worst is yet to come.....
The National Average Price for a Gallon of Regular Unleaded Gasoline increased another 4 cents from yesterday and is now at $2.524 a gallon, "Ouch"!
The price of Light Crude Oil dropped 19 cents a barrel today but that is no sign of any relief on the horizon for gas prices.
Light Crude Oil sold at an intraday high of $66.85 a barrel and settled at $66.08 and seems to have found a new home in the mid to upper 60's range. Look out the 70's are just around the corner and if Crude hits $70 a barrel, The National Average for Regular Gas will be selling for $3 at the pump.
Impact of global oil price hike:
http://www.financialexpress-bd.com/index3.asp?cnd=8/14/2005&section_id=5&newsid=10344&spcl=no
Who is to blame for high gas prices?
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20050814/BIZ01/508140343
Refinery Woes Fuel Oil Price Spiral:
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20050814-000284-1943
For the Best Ways to Save Gasoline & Money:
http://www.bettergasmileage.com/

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The jump in prices at the pump over the weekend was a "Supper Sticker Price Shock"!
The National Average Price for a Gallon of Regular Unleaded Gasoline increased 7.1 cents a gallon since Friday to a record $2.484 a gallon.
Light Crude Oil sold at $67.00 and settled at $66.27 down 59 cents a barrel from Friday. Don't let this little hick-up in the price of Crude Oil fool you into thinking it is a sign of relief. US Gasoline Inventories have dropped Two weeks in a row and US Refineries are struggling to keep up with the heavy summer driving season demand.
Refinery Woes Fuel Oil Price Spiral:
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20050814-000284-1943
AAA: Gas prices leap to record:
http://money.cnn.com/2005/08/15/news/economy/gas_prices/index.htm
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

This past week has shown us how volatile the price Crude Oil and Gasoline can be and the scary part is there seems to be nothing on the horizon to quell that volatility.
Since last Friday Light Crude Oil has shot up $4.55 a barrel and The National Average Price for a Gallon of Regular Unleaded Gasoline has increased 10.6 cents a gallon.
Light Crude Oil sold at $67.10 and settled at $66.86 up $1.06 a barrel from yesterday.
The National Average for a gallon of Regular Unleaded Gasoline set a new record every day this week and is now selling at $2.413 a gallon, up 1.6 cents today.
I see more of the same to come next week.
Poll: Gas prices a growing pain:
http://www.cnn.com/2005/US/08/12/gas.poll.ap/index.html
For the Best Ways to Save Gasoline & Money:
http://www.bettergasmileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average price for a gallon of Regular Unleaded Gasoline is moving up at an alarming rate and it will continue this trend until the price of Crude Oil subsides.
Regular Unleaded Gasoline is at $2.397 up 2.1 cents a gallon.
Light Crude Oil Hit $66 a barrel settling at $65.80 up $.90 a barrel from yesterday.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Today Light Crude Oil showed no signs of slowing down. Soaring to a record high of $65.05 and settling at $64.90 a barrel, up $1.83 from yesterday, Light Crude Oil seems unstoppable.
The National Average for a gallon of Regular Unleaded Gasoline set it's own new record today at $2.376 up 2.2 cents.
Oil Holds Steady above $63:
http://money.cnn.com/2005/08/10/markets/oil.reut/index.htm
Experts see no sign of end to gasoline price increases:
http://www.baltimoresun.com/business/bal-te.bz.gas09aug09,1,2474270.story?coll=bal-business-headlines&ctrack=1&cset=true
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The price of Crude Oil is still showing signs of upward price pressure selling at a high of $63.98 per barrel. Now the question is, when will this latest upsurge in price pressure subside?
With Crude Oil setting price records it comes as no surprise that The National Average for a gallon of Regular Unleaded Gasoline, is moving in uncharted territory too!
Regular Unleaded pump prices increased 1.5 cents today to $2.354 a gallon, setting another record high.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Here we are facing another substantial upward price move of both Crude Oil and Gasoline. Crude Oil set another record high price today selling at $64 and settling at $63.94 up $1.63 a barrel. The National Average for Regular Unleaded Gasoline jumped a whopping 3.2 cents a gallon to $2.339.
The mid Sixties may be the new Crude Oil price threshold to watch for.
Gasoline prices will be moving up with no letup in sight.
Odds Are Gas Prices Will Continue to Rise:
http://biz.yahoo.com/prnews/050805/mxf002.html?.v=11
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

This next week is going to be bad news for gas prices at the pump. Gasoline and Crude Oil will more than likely set some new records, leaving a new trail of stats behind that will fuel fears of even higher prices.
The National Average for Regular Unleaded Gasoline is at $2.307, 1.4 cents higher than yesterday and that is only 1.4 cents off of the all time record of $2.321 a gallon. . Lately it seems that when the price of gas retreats it moves in tenth's of a cent and when it increases it moves up in much larger increments.
The price of Crude Oil is moving up and is flirting with new high's selling at $62.45 and settling at $62.31 a barrel today.
Cocktail of concerns push crude to new highs:
http://news.ft.com/cms/s/7f899754-0593-11da-883e-00000e2511c8.html
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average for Regular Unleaded Gasoline is on the move up once again, up from yesterday a cent to $2.293 a gallon.
Crude Oil is continuing to show signs of upward price pressure reaching a high of $62.10 and settling at $61.38 a barrel.
For the Best Ways to Save Gasoline & Money:
http://www.bettergasmileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average for Regular Unleaded Gasoline dribbled back down the 2/10's of a cent it creped up yesterday, bring it back to $2.283 a gallon today.
Crude Oil is still showing signs of upward price pressure, selling at a record high of $62.50 and settling at $60.86 a barrel.
For the Best Ways to Save Gasoline & Money:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

The National Average for Regular Unleaded Gasoline creped up 2/10's of a cent to $2.285 a gallon today. Unless Crude Oil pulls back into the upper $50's there may be another upturn in the price of gasoline around the corner.
Crude Oil jumped to $62.30 a new record yesterday and there was more of the same today settling at $61.98 a barrel.
Surging oil price hits Dow:
http://www.abc.net.au/news/newsitems/200508/s1427709.htm
Oil price hits new high:
http://www.abc.net.au/rural/content/2005/s1428165.htm
Oil Price firms near record as supply fears persist:
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10338912
For the Best Ways to Save Gasoline & Money
(that really work) Visit:
www.BetterGasMileage.com

Davitte’ Lanier
Petroleum Industry Analyst

Gas & Oil News

Look out gas-pump prices! Crude Oil is on the rise again. Three shots have rang out on the Crude Oil battlefront. First, the refinery fire in India reducing output 110,000 barrels a day (1/6th of the countries total output). Second were the refinery fires at the BP PLC refinery in Texas and a Murphy Oil refinery in Louisiana Thursday. And the Third volley was the death of the king of Saudi Arabia.
Crude Oil jumped to $62.30 a new record then settled at $61.57 up a dollar for the day.
The National Average for Regular Unleaded Gasoline trickled down 3/10's of a cent to $2.283 a gallon.

Oil surges nearer to record:
http://money.cnn.com/2005/08/01/markets/oil.reut/index.htm

Oil prices rise above $US61 after refinery fire:
http://www.smh.com.au/news/business/oil-prices-rise-above-us61-after-refinery-fire/2005/08/01/1122748561816.html?oneclick=true

Refinery fires trigger oil price hike above $60:
http://business.scotsman.com/index.cfm?id=1701542005

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

Davitte’ Lanier
Petroleum Industry Analyst