Relief at Gas Pump No, it doesn’t make up for the vertigo-inducing gyrations (mostly down) on Wall Street the last six weeks or so. But, it’s a little consolation: dramatically lower gas prices. At Costco, the price for regular (87) octane gas recently was $2.159. For Costco members (I am), it’s actually even lower: net...Read More
Gas < $2 Gallon “The U.S. Energy Information Administration said this week that the country’s proved reserves of natural gas rose 10% in 2014 to a record of 388.8 trillion cubic feet.” –“Gas Driller Hits a Gusher — and Sinks Its Own Stock“; The Wall Street Journal (11/26/2015) If gas at discounters like Sam’s Club...Read More
Rolling Back Big Increases (Or Not) Starting last winter, air fares started climbing precipitously due in part to rising gas prices. Now that gas prices have fallen 20% or more, I’m sure consumers can look forward to airlines passing along the savings in the former of lower fares. Yeah, right . . .Read More
Gas Price Sticker Stock in the Twin Cities Once upon a time — like, until yesterday — savvy motorists (and Costco members) knew to head to Costco’s gas pumps whenever prices jumped. Like they did Wednesday. A LOT. That’s because Costco’s gas prices notoriously lagged other stations’ price changes by a full day. Not anymore....Read More
Retail Gas Gauge If you want to track the spot price of a barrel of oil in world markets, you could monitor various Web sites that specialize in commodities. Or . . . you could just watch the gas lines at Costco. When they’re inexplicably long, mid-day –as they are now — you know that...Read More
Macro Matters If you want an excuse to simply tune out the news altogether and remain (blissfully) ignorant, look no further than yesterday’s dueling headlines in The Wall Street Journal and The New York Times: Focus on Obama as Tensions Soar Across Mideast —The New York Times (5/19/2011) Gas Prices Fall as Mideast Jitters Ease —The...Read More
