Diesel price

May 21, 2008 -- Despite cool weather along the East Coast over the past several weeks, Memorial Day weekend, the unofficial start to the summer driving season is upon us. Some may interpret recent increases in gasoline prices as yet another manifestation of a long-standing tendency for gasoline prices to rise dramatically in the days before the holiday weekend.

The numbers from the last few years do not, however, support this view. Daily gasoline prices from the American Automobile Association’s (AAA) Fuel Gauge Report show that prices have actually fallen slightly in the week preceding the Memorial Day holiday over the past four years (2004-2007), after having risen earlier in the month of May.

Gasoline Prices Tend to Decrease in the Days Before Memorial Day

Retail Gasoline Prices, Diesel Prices Retreat

January 16, 2008 -- Tom Brady and Brett Favre, each just one game away from making it to the Super Bowl, are both sure to be inducted into the Pro Football Hall of Fame when their careers are over. Many might argue that one or the other is the greatest quarterback ever, but comparing either of them to the stars of the past requires looking at the context of the game in different time periods and making adjustments so that the comparisons are as meaningful as possible. So, too, must adjustments be made when comparing the nominal record oil prices seen in recent months to other historically high oil prices.

Average Retail Gasoline Price at $3 a Gallon

December 12, 2007 -- Despite an increase yesterday, the spot price of West Texas Intermediate (WTI) crude oil has dropped over the last three weeks, from nearly $100 per barrel on November 20, to under $90 per barrel for most of last week. So, will crude oil prices continue to drop, and if so, how low might they fall?

While forecasting oil prices is a difficult task, EIA, in its just released December 2007 Short-Term Energy Outlook, projects the WTI spot crude oil price falling to about $86 per barrel by the end of winter. To understand this projection, it is important to look at some of the reasons behind the latest decline in crude oil prices.

Retail Gasoline Price Slightly Lower, Diesel Price Sets Record

November 28, 2007 -- Many readers are familiar with Garrison Keillor’s phrase used on radio’s “A Prairie Home Companion” series, “Lake Wobegon, where all the women are strong, all the men are good looking, and all the children are above average.”

November 7, 2007 -- One of the most discussed topics in the media today, besides the 2008 Presidential races, is the high price of oil. Crude oil prices have increased dramatically this year, with West Texas Intermediate (WTI) prices climbing from an average of nearly $55 per barrel in January to over $95 per barrel at the beginning of this month.

Gasoline Prices Rise and Diesel Price Ties Record High