Spring Is Coming

And so apparently is $4 gas. Fred Rozell of OPIS sees $4-$4.25 gas sometime between April and early May. Patrick DeHaan of gasbuddy.com predicts $3.75 to $4.15 by May. Look out Chicago! DeHaan predicts $4.60-$4.95/gal. LA: mid-to-upper $4.00.

"Bigger cities will always have higher prices due to higher gas taxes and the cost of doing business," DeHaan said.

Could...

Posted on 01/20/2012 at 10:47.
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Gas Prices in 2012?

Oh dear, things don't look so pleasant. Gas prices in Texas are already up six cents a gallon to $3.12. They only paid $2.90 or so last year. Here are some forecasts for the coming year: Head of commodities research at Citigroup Global Markets Inc. says gas may rise over...

Posted on 01/05/2012 at 20:17.
1 comment.

EU Reaches Agreement on New Iran Sanctions

Oil prices rose today on the news that European diplomats had reached a preliminary agreement to issue new economic sanctions on Iran. Progress on sanctions had been held up by the envoys from Greece, who have now dropped their objections. While debate on the specifics of the sanctions...

Posted on 01/05/2012 at 16:39.
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Fresh Threats from Iran

After the US Navy removed an air craft carrier from the Persian Gulf, the Iranian military warned Washington not to redeploy it to the area. This news comes in the midst ongoing war games in the Strait of Hormuz, accompanied by tests of new land-to-water cruise missiles. Despite...

Posted on 01/03/2012 at 14:25.
1 comment.

Situation in Iran Escalates

The conflict over Iran's ongoing nuclear program escalated yet again today. Reuters reports that the government in Iran threatened:

to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil.

This...

Posted on 12/27/2011 at 17:21.
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