Despite recent military strikes near the Strait of Hormuz causing slight oil price fluctuations, gas prices are steadily dropping in Washington and nearby states this week.
We’re only a week into the New Year, but oil prices have been moving for most of 2025. Oil prices were trading around $74 per barrel Monday, reporting some of the highest prices seen in several months. So, why the sudden jump in crude prices?
“Now there's som...
Despite a slight uptick last week, thanks to increased tensions between Russia and Ukraine, oil prices continue their overall their downward movement. Patrick DeHaan with Gasbuddy.com said oil prices were trading in the low $69 per barrel range Monday, pushing fuel prices lower as well. DeHaan ...
After weeks of steady decline, oil prices ticked higher to start the week. Patrick DeHaan with Gasbuddy.com said West Texas Crude increased about 2% in Monday’s action, trading around $69-$70 per barrel. He said oil prices have perked up a bit after fighting between Ukraine and Russia intensified over the weekend.
“Russia, sending...
After trading higher last week, thanks to Iran's attack on Israel, oil prices have fallen again. In Monday’s trade, West Texas Crude was trading around $74 per barrel, while off from last week’s numbers, still higher than the prices we saw during most of September. Patrick DeHaan with...
Nobody may be happier to see the month of September come to an end than oil investors. Oil prices experienced a volatile month, with prices all over the map, wrapping up the month below the $70 per barrel mark. And those prices may continue to move lower, as OPEC looks at resorting oil production levels.
So, why wo...
The Federal Reserve cut interest rates by a half a point last week, which was a little larger than some economists had expected. With that reduction, oil prices moved higher in trade, spending much of the past week in the mid $70 per barrel range. Pa...
Oil prices for much of the month of September have edged down slightly, but steadily. Patrick DeHaan with Gasbuddy.com says right now, the balance of the global economy is driving oil prices.
“Weakness in China has long overshadowed oil driving oil prices. In the last week do...
With many investors confident that the worst of the banking situation is behind us, oil prices are moving higher. West Texas Crude prices increased roughly $4 in the past week, trading in the low-to-mid $70 per barrel range, which means gasoline prices are likely not far behind before moving up. Despite...