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At Witz' End - Gas Prices: Alternatives and Oil Supply

Part of the problem is speculation: individual and institutional investors betting on higher future oil prices. Another big factor is the very weak U.S. dollar. But the bulk of the reason oil and gas prices have climbed so high is that age-old Economics 101 supply/demand equation. Global demand, especially by developing countries, continues to grow, while supply does not. Most agree that conservation is the critically important first step in altering that equation. Next comes development of alternatives, some that can propel our vehicles, ... Read more →

Oil prices fall over $4 after hitting new record highs Jeremy Korzeniewski

Oil hit a new record high price of $111.80 yesterday morning, but settled at $105.68 later, a drop of $4.42 for the day. While we're not yet ready to suggest that an end has come to the daily rise in ...

At Witz' End - Gas Prices: Alternatives and Oil Supply 1 year ago on Autoblog Green

Part of the problem is speculation: individual and institutional investors betting on higher future oil prices. Another big factor is the very weak U.S. dollar. But the bulk of the reason oil and gas prices have climbed so high is that age-old Economics 101 supply/demand equation. Global demand, ...

Oil prices fall over $4 after hitting new record highs 1 year ago on Autoblog Green

Oil hit a new record high price of $111.80 yesterday morning, but settled at $105.68 later, a drop of $4.42 for the day. While we're not yet ready to suggest that an end has come to the daily rise in oil prices, seeing the price for a barrel of crude drop, if only for a day, is probably a bit of a ...


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