As car travelers embark on trips over Memorial Day weekend, gas prices may shock them, even if they hit the pumps just a few weeks ago. The average price of a gallon of gas on Friday hit nearly $4.60, up some 46 cents from a month ago, according to data compiled by AAA. For the …
Why gasoline prices continue to hit record highs Read More »
The combination of limited new supply options, growing risks to traditional supply and growing global demand are expected to drive oil prices higher this summer. Oil Price Alert: This month’s Smart Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide solid income for investors. If …
Oil prices are expected to rise further this summer | OilPrice.com Read More »
I see gasoline prices still rising despite this modest short-term and long-term demand destruction. By Wolf Richter for WOLF STREET. The price chaos at the pump is now causing some demand destruction. We have seen signs of it. We are at the start of the driving season, but gasoline demand is not following the classic …
