oil prices

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.

For the second week of the new year, oil prices have moved higher.  Patrick DeHaan with GasBuddy.com said this most recent trend started last week.   “The Biden administration issuing harsher sanctions on shipping companies and vessels that would operate and take sanctioned crude oil from countries like Iran and Russia and deliver it to countries like China and India," DeHaan noted.  "Th

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...

Typically, this time of year is lighter, and even a little slower in the world of business and economics, as many of us prepare for the holidays and the end of the year.  But that is not necessarily the case when it comes to oil prices and fuel prices.  Patrick...

We’re starting to sound like a broken record, but oil prices really haven’t moved that much over the past week or so.  Patrick DeHaan with Gasbuddy.com said a barrel of West Texas Crude has traded in the high-$60 to low-$70 range since Thanksgiving.  And he doesn’t expe...

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...