Price at the Pump

Oil Prices Increase As Diesel Prices Continue To Slide
Oil Prices Increase As Diesel Prices Continue To Slide
Oil Prices Increase As Diesel Prices Continue To Slide
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...
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
DeHaan: Oil Prices Expected To Climb On News Of Russian Cuts
Oil prices climbed slightly over the past two weeks following the news that Russia is going to trim oil production in the months ahead.  Patrick DeHaan with GasBuddy said while Russian oil is facing sanctions because of the invasion of Ukraine, that does not mean this production cut won’t impact international prices.   “Much ...
Will Fuel Prices Continue To Fall Into 2023?
Will Fuel Prices Continue To Fall Into 2023?
Will Fuel Prices Continue To Fall Into 2023?
Consumers enjoyed a bit of relief at both the gas and diesel pump to wrap up 2022.  Fuel prices started to fall in some locations in early November, and continued through December, thanks to dropping oil prices, and economic uncertainty both in the U.S., but a...
News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...
China Weighing On The Mind Of Oil Investors
China Weighing On The Mind Of Oil Investors
China Weighing On The Mind Of Oil Investors
West Texas Crude traded around $71 per barrel in last week’s trade, the lowest level we’ve seen in roughly a year.  Patrick DeHaan with GasBuddy said the economic uncertainty that has pushed oil prices lower for the past two-plus months continues to weigh on the minds of investors.  He said while there’...
DeHaan Fuel Prices Expected To Continue To Drop
DeHaan Fuel Prices Expected To Continue To Drop
DeHaan Fuel Prices Expected To Continue To Drop
Thanks to international issues and pressures, oil prices have been fairly volatile over the past couple of weeks.  Patrick DeHaan with GasBuddy said the price for a barrel of West Texas Crude fell last week, thanks to China’s zero COVID policy, which locked down the 2nd largest economy in the world.   Howeve...
Fuel Prices Snap 14 Week Streak And Move Higher
Fuel Prices Snap 14 Week Streak And Move Higher
Fuel Prices Snap 14 Week Streak And Move Higher
Fuel prices have done something this week we haven’t seen since early June; they moved higher.  According to GasBuddy, the national average for a gallon of gasoline inched up over three cents per gallon.  This comes as West Texas Crude traded in the mid $70 per barrel range Monday.   So, why the disc...
Oil Prices Expected To Continue To Drop As Uncertainty Remains
Oil Prices Expected To Continue To Drop As Uncertainty Remains
Oil Prices Expected To Continue To Drop As Uncertainty Remains
Oil prices traded slightly higher in Monday's action, as investors tried to shake off fears of weaker demand into winter.  West Texas Crude traded around $87 per barrel , up slightly from the weekend.  While oil prices have edged higher as of recent, Patrick DeHaan says that's not a guarantee as we look to the weeks ahead.  He note...
Oil Investors Concerned About Economic Health As Q4 Starts
Oil Investors Concerned About Economic Health As Q4 Starts
Oil Investors Concerned About Economic Health As Q4 Starts
Oil prices continue the slow drop we’ve seen throughout much of the summer, with prices for West Texas Crude trading around $90 per barrel in Monday’s action.  Patrick DeHaan with Gas Buddy said prices continue to drop because investors have so many unanswered questions when it comes to the health of economies across the globe.   “Right now, ...