Hints and tips:
...Panic-buying yesterday sent US petrol prices above $3 a gallon. Canada’s oil dependence is testing Justin Trudeau’s green ambitions....
...Retail petrol prices, which rose by 14 per cent after the storm, to an average of about $2.67 per gallon, have since fallen back a little....
...Photographs: Araba Ankuma; Dennis Akuoku-Frimpong; Nii Odzenma; Gallery 1957; PA Images...
...In most other American cities, the sign at the Conoco station advertising petrol for $1.29 per gallon would be welcome. In Spring, Texas, a suburb on the northern side of Houston, it is a warning....
...The move could be “the beginning of the end” of automotive steel production – 40 per cent of the US steel industry – Dennis Johnson, vice-president for quality and advanced engineering for Severstal North...
...Dennis Danzik, a director of Ridgeline Energy Services, another small company that has been developing water treatment technology, agrees....
...It may even be time to examine what Dennis J. Ventry calls “the accidental deduction”. The 40-year run-up in US property values ended abruptly when the real estate bubble burst....
...With diesel at $1 a gallon in the US, fuel becomes a rounding error. But with fuel at $4 or $5 dollars a gallon, fuel becomes an incredible focal point for most operators.”...
...Four years later, corn and soyabeans have broken the records of 2008, while retail petrol prices average $3.85 a gallon, near an all-time high....
...But things are expensive – a gallon of milk is $10 here,” Mr Bascon said. Any food not caught or shot in the Arctic must arrive by aircraft if it is fresh, raising the prices to astronomical levels....
...As Dennis Gartman of the Gartman Letter explains: The refiners don’t want it, for refining margins are low and falling, and the SPR is filled to the brim, removing that buyer from the market....
...Nymex RBOB gasoline for July delivery fell 4.2 per cent over the week to $2.1447 a gallon. The fall in base metals this week was led by nickel....
...Nymex November unleaded gasoline dropped 5.75 cents to $1.3980 a gallon. Nymex November heating oil futures eased 2.3 cents to $1.5785....
...Nymex September unleaded gasoline was fractionally firmer at $2.2280 a gallon. Crude stocks fell 1m barrels, above the consensus forecast for an 800,000 barrel drop....
...Unleaded gasoline for August delivery was 3.28 cents lower at $2.2430 a gallon....
...With US prices at the pump now spiking around their inflation-adjusted 1981 peak of slightly more than $3 a gallon, we are witnessing stupidity on wheels....
...Nymex May unleaded gasoline fell 42 cents to $2.0050 a gallon....
...Nymex gasoline for June delivery was down nearly 10 cents at $1.9870 a gallon by midday in New York. Crude prices were also hit after news that US stockpiles had risen by 1.7m barrels last week....
...The AAA said the weaker rise reflected higher petrol prices with drivers expected to pay about 75 cents more for a gallon than they did last year....
...“This is a big issue across the country,” said Ron Bonjean, spokesman for Dennis Hastert, speaker of the House of Representatives. “We want to respond.”...
...Nymex gasoline stood at $1.6650 a gallon, up 43 per cent on the year....
...By the close in New York, gasoline futures were up 6.13 cents to $1.6524 gallon....
...By yesterday, heating oil was back to about $1.795 a gallon and WTI stood at $63.25 a barrel....
...The 850-horsepower stock cars average a meagre 3.5 miles to the gallon and auto racing attracted criticism in some quarters after the Bush administration called for a halt on unnecessary travel....
...But with warm weather dominating, heating oil futures were down 6.1 cents to $1.7825 a gallon. Analysts offered differing opinions on where the energy market would head next....
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