Canadian Finance Minister Sticks to Latest Oil Price Projection

The Canadian Minister of Finance, Jerome Kennedy, is standing by the budget assumptions of the governments of Labrador and Newfoundland regarding the oil price per barrel, despite the fact that it was way off in the past year. The government is supposing that crude made offshore will sell at an average of $105 a barrel throughout most of the year, a rate that is below last year’s projected...
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EIA Forecasts Lower 2013 and 2014 Gasoline Prices

Lower average prices of gasoline can be expected by Americans this year as well as in the coming year. According to the forecast of the U.S. Energy Information Administration (EIA), the current gasoline price will end the coming year at an average of $3.44 per gallon and, further, drop next year to $3.34 per gallon. Both forecasts are lower compared to the recorded annual average at the pump in...
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Gasoline Price in South Florida Fall for the First Time in Twelve Weeks

The price of gasoline in South Florida fell in the past week, a first in almost twelve weeks. Plus, more reductions in the current gasoline prices are expected. The Fuel Gauge Report of the AAA shows that the current gasoline price of regular unleaded in the entire greater-Miami-Dade region shed 4 to 6 cents, as the oil price per barrel fell below $93 for the first time since the 10th of August....
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Current Gasoline Prices in Michigan Mixed

Drivers in Michigan saw a usual pattern of prices at the pump for the most recent week as they drifted down during the week’s early parts and then slammed higher towards the weekend. Speedway, the price leader in the region, made a market-targeted movement of prices two days before the weekend. The current gasoline price of regular unleaded is $3.999 a gallon in 40 of the many Speedway...
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Current Oil Price above $93 on Economic Stimulus Hopes in China

The current oil price stayed above $93 per barrel as a fall in China’s inflation strengthened expectations for additional economic stimulus measures that may increase crude demand within the country. The oil price per barrel in the NYMEX was 22 cents higher, at $93.57, during the early afternoon in Europe. In the previous day, there was a 32-cent drop in the contract to end the electronic...
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