All Posts Tagged With: "gas prices"
The Gas Prices Rollercoaster: Why Energy & Infrastructure Are Inextricably Combined
President-elect Obama takes office in less than a week’s time. While many will be watching closely to see how he handles the ongoing financial crisis, I’ll be equally interested to see how he handles a far more ominous one: our ongoing energy and infrastructure crisis.
Regular readers know I believe energy and infrastructure are inextricably combined. We need cheap energy to fuel sustained economic growth. And we need infrastructure in place to move and dispense the energy from its source to its destination. Today I’m going to give you a perfect example of how the two are intertwined, and how one…
22Jan2009 | Investment U | 0 comments | ContinuedHow to Keep your Gas Prices Low
Editors Note: Oil and gas are back in the headlines today. But we’ve heard very few good ways investors can take advantage of what – in all likelihood – will be a temporary price dip. Our colleagues at Money Morning, however, just uncovered three easy ways to lock in at today’s low gas prices. We’ve attached the full article below, from their Investment Director, Keith Fitz-Gerald.
Many of my neighbors here in Oregon are enjoying the big decline in gasoline prices, particularly those who still own SUVs, pickup trucks or any of the other fire-breathing, piston-clanking monstrosities I’ve seen on the road…
19Dec2008 | Investment U | 0 comments | ContinuedCommodity Prices Sinking to 52-Year Low
Commodity prices are bracing for their worst month in 52 years as global demand continues to slide.
The Reuters/Jefferies CRB Index – a measure of 19 global commodities from light crude to lean hogs – fell 24% in October, Bloomberg reports.
"October is at last ending – the worst month in commodity history," Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt, told Bloomberg. "Investors are expecting lower growth for the longer term and that is putting prices under pressure."
Story continues below…
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Energy Recession or Energy Depression
Dearer to God are the prayers of the poor, go the words to a sturdy old Anglican hymn.
Well, at $138+ per barrel of oil, I think we are about to find out how dear those prayers really are. This, plus the impending agricultural disaster due to low planting levels and other bad weather, will spell impoverishment for large swaths of the American middle class.
In the US, the poor and working poor are already marginalized. Now, with the ongoing melt-up in oil prices the middle class is being financially suffocated.
Recently wholesale gasoline prices went up 33-cents. No typo. That’s 33 cents,…
17Jun2008 | Energy and Oil | Comments Off | ContinuedStimulus Checks Push Retail Sales Rally; Economy Still Facing Uphill Battle
Stimulus checks helped send retail sales up 1% in May, the Commerce Department said yesterday (Thursday), bolstering the dollar and lifted the mood on Wall Street.
But the effects may not last, as unemployment continues to rise and crude oil supplies tighten.
Record high gasoline prices padded the report, but purchases still increased in every other sector. Gasoline sales jumped 2.6% last month and have gained 13.8% in the past year. Excluding gasoline, sales still climbed 0.8%.
“Yes, we bought a lot more gasoline as prices skyrocketed,†said Joel Naroff, president and chief economist at Naroff Economics Inc. “But the sales gains…
13Jun2008 | Money Morning | Comments Off | ContinuedSpecial Energy Indicator Points Toward Higher Gas Prices – and a Potential 467% Profit Play
Here at Money Morning over the past six months, we’ve talked a great deal about oil and gasoline prices. We’ve offered our predictions about how high those prices were going, and have detailed a number of investment opportunities – chosen as much for their margins of safety as for their profit potential.
This time we’re going to detail three energy stocks with the potential for double-digit – or even triple-digit – profit gains. Admittedly, these are longer-shot, speculative plays. But we used a special energy indicator to help ferret out these energy plays.
This indicator is known as the “crack spread.â€
In case you’ve…
13Jun2008 | Money Morning | Comments Off | ContinuedPity The Poor People Who Took The Bait!
The New York Times says, “Rural US Takes the Worst Hit.” They refer to people who need to drive long distances to work…or shop…or go to the movies.
Here in Europe, people tend to stay close to home. Partly because it is a small place…and partly because gasoline is $9 a gallon. But in America, it is not unusual to drive 50 miles to work…or an hour to go to a restaurant.
In Europe, towns tend to be densely populated…with little suburban sprawl. But in America, houses spill out onto the Great Plains…the deserts…and the farmland – far from the city centers.
The suburban…
11Jun2008 | Daily Reckoning | Comments Off | ContinuedPain at the Pump: It’s Time to Start Thinking About $7 a Gallon Gasoline
U.S. consumers barely had time to get used to the idea of $4 a gallon gasoline before prognosticators started talking about $5 a gallon fuel.
And unfortunately for the U.S. economy, the worst is yet to come.
The average price of gasoline in the United States broke $4 a gallon for the first time Sunday, following a double-digit surge in oil prices last week. And despite an economy that appears to be in an increasingly fragile state, experts are already debating the potential for gasoline to hit $5 this summer.
But here’s what most economists aren’t saying yet: U.S. motorists could easily be…
10Jun2008 | Money Morning | Comments Off | ContinuedAs Gas Prices Escalate, Worries About a Recession Turn Into Fears of Inflation
As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications.
Goldman Sachs Group Inc. (GS) already is on record for $200-a-barrel oil. As you all know, our own Keith Fitz-Gerald – Money Morning’s investment director – has projected a crude-oil price of $225 a barrel. Do I hear $250? What about $5 a gallon gasoline by July 4th?
Sometimes, these daily price gyrations take on lives of their own, but at the end of the day, the basic laws of supply and demand always work themselves out.
The upcoming week’s hectic economic calendar…
2Jun2008 | Money Morning | Comments Off | ContinuedThat Pain You Feel at the Pump is From a Dollar Crisis, Not an Oil Crisis
It’s unfortunate that the U.S. Supreme Court, in its ruling last week that U.S. currency is unfair to the blind, did not make the next logical step and declare it unfair to everyone who buys gasoline.
In their search for explanations as to why oil has surged past $130 per barrel, Washington, Wall Street and the financial media are as clueless as cavemen after a freak summer snowstorm. Despite the head scratching, the blame game is nevertheless in full force.
Speculators and big oil companies are being trotted out as scapegoats, and increased margin requirements and taxes on windfall profits…
29May2008 | Money Morning | Comments Off | Continued
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