Lundberg Survey: Drop in Current Gasoline Prices to End Soon

The price of gasoline has dropped almost 12 cents over the past two weeks to keep a sort of “price crash” going, according to the latest report of Trilby Lundberg, publisher of the widely known Lundberg Survey. The current gasoline price average of regular unleaded gas is $3.26 per gallon. That rate reflects a drop of almost 58 cents over the last 11 weeks, according to the survey....
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Brent and WTI Spread Widens to Highest Level

The difference in the per barrel crude oil prices of Brent, the benchmark used worldwide, and West Texas Intermediate (WTI), the benchmark mainly used in the U.S., just reached $25. That is the biggest difference between the two crude contracts in more than a year. Moreover, that difference is not so far from all-time record highs. The drop in the current crude price of West Texas Intermediate...
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China may possibly Reduce Fuel Costs in October

China, the second largest consumer of oil worldwide, may reduce prices for diesel and gasoline this month, with expectations that global per barrel crude oil prices will decrease. Based on the pricing mechanism for China’s oil-based commodities set since 2009, the country will alter the cost of refined oil products when the commodity’s international weighted average price changes by...
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China Considers Raising Fuel Prices on Consecutive Crude Oil Price Increases

China, the second biggest oil consumer worldwide, may possibly raise diesel and gasoline prices after three straight price reductions as an increase in a set of the crude prices reach a trigger level as gathered by the latest government data. According to the recent C1 Energy data, the moving Brent, Cinta and Dubai’s average per barrel crude oil price on the 30th of July was 4.47% higher...
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