All Posts Tagged With: "gas"
Fueled by Overseas Demand, U.S. Gasoline Prices Will Continue to Escalate
As oil whipsaws its way toward the unheard-of-level of $150 a barrel (crude closed at $134.60 yesterday, extending a multi-day skid, but traded above $147 as recently as Friday), Americans are finally responding to the pressure of higher gasoline prices…
17Jul2008 | Money Morning | 0 comments | ContinuedRaise The Tax On Gas! (circa 2004)
A couple years ago, when gasoline was $2 per gallon, I mentioned in passing that the US ought to tax gas so that it sells for $3.50 or $4.
Really, it was a throwaway line. Just “Wouldn’t it be good for…
27Jun2008 | Energy and Oil | 0 comments | 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…
13Jun2008 | Money Morning | 0 comments | 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…
10Jun2008 | Money Morning | 0 comments | Continued
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