"West Texas Intermediate tumbled for a third week on forecasts that the U.S. budget impasse may hurt growth in the world’s largest oil-consuming country...."
Where do they get this stuff?
How about this rather...." West Texas Intermediate tumbled for a third straight week as domestic crude inventory levels continue to grow and US consumption of refined fuels remain tepid at best."
Fred, you are spot on with ethanol. Also I have seen disparities in the price of diesel vs. unleaded that I have never seen before. At one point in the past 2 months there was only a 20c price difference. Maybe wishful thinking as I have 5 trucks in my business...but maybe this artificial levitation energy prices will soon collapse.
Unfortunately you don't see the real picture....
WASHINGTON, August 26, 2013) Today’s national average price for regular unleaded gasoline is $3.54 per gallon. This price is the fourth highest on record for this calendar day, behind 2012 ($3.75), 2011 ($3.59) and 2008 ($3.67). Yesterday, for the first time in more than a month, the national average reflected a week-over-week increase in retail gas prices. Today’s price is, again, fractions of a penny more expensive than one week ago; it is ten cents less than a month ago and is 21 cents behind the same day last year, when the national average set a new record for this calendar day.
You guys are really serious are you? It's called priorities. You take care of your veterans, you take care of those on social security. Geezzz...this is why this country is in the mess it is in. Because of those that think that all of this spending will not have an effect down the road. I'm just thankful those of you that are ignorant of basic economics are long oil.
Keep maxing out your credit cards on buying oil long ETFs....you deserve to be wiped out financially.
No....just a small business owner. BTW...you are gonna be late for your shift at McDonalds.
Obama’s answer to a growing economy is more government handouts, government oversight in every aspect of our lives and businesses….and all this translates into budget deficits and money printing as far as the eye can see.
That’s why the US economy is barely growing, people leave the workforce daily, wages are stagnant, and everything we have to buy to just meet our basic needs (food, energy, and clothing) is priced higher than they should be.
And Ben is providing the fertilizer by his monthly $85B QE money printing Ponzi scheme.
This economy is levitating by Ben’s funny money printing and Obama’s Banana Republic’s socialistic policies. We are witnessing a bubble growing bigger and bigger.
It will soon burst.
Not soon enough for me.
The toilets are not functioning because after they bought a black market I-Phone they flushed it in the toilet and clogged them up.
Based on the yesterday's WSJ article, Wal-Mart and other retailers are cutting the 5C prices, even below the $99 contract price. Apple's ability to command a premium price is now history.
That's not the only price cut in AAPL's future.....watch it's stock price.
Monkey is a racist term. A complete "idiot" that doesn't have a clue is more appropriate.