Fuel Flash – November 2021
November 1, 2021
Oil markets started October at roughly $75/barrel and prices would not stop there. OPEC+ had met and the oil giants
Fuel prices are once again in the spotlight this time due to new tariffs impacting oil imports and refining costs. As …
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Oil prices began March at $68/barrel. Concerns about tariff impacts, alo…
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Oil prices began February at $73/barrel. After an initial announcement of tari…
Read moreOil markets started October at roughly $75/barrel and prices would not stop there. OPEC+ had met and the oil giants
Although Hurricane Ida made landfall August 29th, it continued to wreak havoc into September as it moved up the east
Oil started August above $70/barrel but fell below the mark just a few days into the month. By the 9th
Oil prices continued to rise through the beginning of July as average gasoline prices climbed to 7-year highs. The theme
Oil prices have been on a steady climb since the end of May. June saw even larger increases as oil
May was a busy month, the major headline being the Colonial Pipeline outage. Compared to April, the overall price of
Oil prices started April flat, but gained some steam mid-April and reached a high of $65 per barrel near the
Following a rapid climb in February, oil prices lost their momentum in March. Despite some volatility during March, prices ended
Oil prices increased sharply in November, rising over 25%. The month began with prices just under $36/barrel and ended slightly
Oil prices fell by 11% during October, from a starting point near $40/barrel. Shortly after the month began, prices dropped
Oil prices showed some volatility during September after several months of trading in a tight range. Shortly after the start
During August, oil prices continued trading in a very narrow range but did achieve a small gain, starting the month
During July, oil prices traded in an extremely narrow range, primarily between $40 and $42 per barrel throughout the month.
Oil prices traded in a narrow range throughout June following the significant rebound that began in May. Although prices broke
Following the historic collapse near the end of April, oil prices began rebounding throughout May. May’s prices started slightly under
As part of the sharp decline that began in January, oil prices set another somber record in April when they
The sharp decline for oil prices that began in January has accelerated through March. Prices declined by about 60% during
Oil prices began to show some potential to recover in early February following their sharp drop in January. However, by
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