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Commodities Briefing - Categorized | Market Moves, Oil, Trends more

Will revolutions cause a change in world oil markets?

Posted on 30 March 2011

The price of crude oil today is about the same as it was on September 28, 2008. The price for West Texas Intermediate (WTI) crude oil back then was $107 a barrel and it is about $105 per barrel today. The average price at the pump was $2.57 a gallon then compared with the average $3.58 per gallon for regular unleaded gasoline today.
The reasons for the difference in the pricing of gasoline is exactly the opposite of why they were back on September 28, 2008, a time when the US economy went into a tailspin, with fuel prices decreasing faster than crude oil prices……………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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