Crude oil prices were very volatile during September and the month ended just over $48/barrel. This is approximately 12% higher than where the month started. The following graph shows the daily price movements over the trailing three months:
Crude oil prices experienced a steep decline in July. The downward trend was certainly significant, particularly when viewed in the context of the daily price changes over the past three months shown in the following graph:
The standards for fuel economy and efficiency continue to rise in our world. Automakers are continually asked to increase MPG and reduce carbon dioxide emissions when building their vehicles. We have seen the transition in passenger cars. Hybrid cars such as the Toyota Prius, Honda Insight and Ford Fusion have become plentiful. Electric cars such as the Tesla Model S,
June was a particularly volatile month for crude oil prices. However, the closing price for the month settled slightly below where the month started. The following graph displays the daily volatility:
During May, crude oil prices increased again for the third straight month and briefly spiked above the $50/barrel mark. May’s closing price of just over $49 is approximately 33% higher than where it ended 2015. Even more notable is that May’s closing price was almost double compared to mid-February’s $26 which was the lowest point of the year.
During April, crude oil prices continued increasing for the second month in a row and closed the month at approximately $46/barrel. April was an active month with a number of factors that influenced pricing. Most notable was the meeting in Doha, Qatar during mid-April where many oil producing nations gathered in an attempt to rein in supply production. No agreement
The Energy Information Agency (EIA) released a report last week showing premium gasoline sales reaching levels not seen since 2004. At first glance, you might think this is related to the low prices at the pump; why not splurge a little and clean out the gunk in your fuel injectors? While that could certainly have something to do with it,
Well, we made it. Surviving 2011 wasn’t easy – the prolonged economic troubles, shifting global issues, rising food prices, etc…but look on the bright side, we made it through not one, but two threatened apocalypses! 2012 is bound to be a better year (and it only includes one Judgment Day from what I’ve heard).
Do the holiday sales have you racing from store to store for those special money saving sales?
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