During February 2018, crude oil prices went on a roller coaster ride following a similar track as the stock market. Shortly after the start of the month, prices fell by approximately 10%. Prices remained at that lower level for a brief period and then started to rise again. By the end of February, prices netted to be about 10% lower
Traditionally, state governments have funded road construction through taxes on fuel. As vehicles become more efficient, though, the income from fuel tax is affected, with long-term concerns that it might eventually become insufficient. An increase in electric cars – and the introduction of electric trucks (Tesla recently unveiled an electric semi-truck) is starting to cause revenues to drop. With more
As 2018 got underway, crude oil prices continued their rapid climb and gained almost 10% during January. Prices are approximately 25% higher compared to the start of last year and have reached levels that haven’t been seen in over three years. The following graph shows the daily price movements over the past three months:
Crude oil prices ended 2017 at just over $60/barrel; a level not seen since June 2015. December’s prices were relatively flat during the first half of the month followed by a gain of approximately 4% to end the month. Prices have now increased almost 28% from the start of September. The following graph shows the daily price movements over the
Crude oil prices gained another 6% during November and closed the month at just over $57/barrel. Prices briefly topped $59 near the end of the month and then receded slightly. Prices have now increased 21% from the start of September. The following graph shows the daily price movements over the past three months:
Crude oil prices posted a net gain of roughly 5% during October following an increase of approximately 10% back in September. Prices started the month at just under $52/barrel and closed the month at just over $54. The following graph shows the daily price movements over the past three months:
Crude oil prices increased by approximately 10% throughout September. They started at just over $47/barrel and closed the month near $52. The following graph shows the daily price movements over the past three months:
August’s crude oil prices traded in a narrow range between the mid- to high-$40’s/barrel. They opened the month just over $49 and closed the month just over $47. The following graph shows the daily price movements over the past three months:
July’s oil prices closed the month at just over $50/barrel which was almost 10% higher than where they started the month. Prices sagged during the first week of July but turned upward by the second week and continued climbing for the remainder of the month. The following graph shows the daily price movements over the past three months:
Oil prices fell approximately 10% during June as the decline that began toward the end of May continued throughout the month. Prices at the beginning of June were just over $48/barrel and decreased to $43 near the end of the month. During the last few days of the month, prices managed to stage a comeback and ended the month at
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