Fuel Flash – December 2017

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:

Read More

Fuel Flash – November 2017

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:

Read More
170904FF.jpg

Fuel Flash – October 2017

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:   

Read More

Hurricane Harvey Fuel Price Update

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:

Read More

Fuel Flash – August 2017

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:

Read More

Fuel Flash – July 2017

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

Read More

Fuel Flash – June 2017

May was a choppy month for oil prices which started just below $50/barrel and wound up almost in the same place by the end of the month.  The following graph shows the daily price movements over the past three months:   

Read More

Fuel Flash – May 2017

  April was an active month for oil prices which started at just over $50/barrel, steadily climbed over $53 by mid-month, then fell back below $50 near the end of the month.  The following graph shows the daily price movements over the past three months:   

Read More

Fuel Flash – April 2017

Oil prices had been trading in a narrow range between $51 and $54 per barrel from the beginning of the year until early March when prices fell rapidly.  Their decline into the high $40’s was primarily attributable to increasing inventory levels despite an agreement to reduce production by OPEC and other foreign countries.  The following graph shows the daily price

Read More

Fuel Flash – March 2017

Oil prices continued to trade in a narrow range between $52 and $55 per barrel during February following a similar pattern for the past few months.  However, the overall price range has increased slightly compared to the previous months primarily because OPEC and other foreign countries are strongly adhering to the oil production cutbacks they agreed to back in November. 

Read More
Sokolis