Category Archives: Oil prices

Oil & Gas Trading Halted

Posted on May 12, 2011 by OneMom

The Wall Street Journal reports that on Wednesday, prices were dropping so fast for some commodities that trading was stopped: …a steep decline in gasoline futures Wednesday led CME Group Inc. (CME) to temporarily freeze activity in three of its … Continue reading →

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What’s Behind Gas and Oil Prices

Posted on March 12, 2011 by OneMom

Gas prices this morning stand at $3.70/gallon in our town, so I thought I would do a breakdown of what’s behind the price at the pump here in the State of Michigan. 9% Marketing and Distribution Costs = $.333 11% … Continue reading →

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Oil Speculation

Posted on March 8, 2011 by OneMom

Oil is now selling for more than $106/barrel, and the resounding headline is “oil rises on concern about unrest in Libya”. Let’s take a quick look: Libya accounts for only 2% of the world’s oil production. The United States has … Continue reading →

Posted in Economy, gas prices, Magic Snow Globe, Oil prices, OneMom | Tagged , , , , | 4 Comments

Friday Flyer

Posted on March 4, 2011 by OneMom

On February 24, 2011, our price for a gallon of gasoline here in Michigan’s Upper Peninsula, was $3.28. Today, March 4, 2011, our gas price is $3.64/gallon! A 36 cent increase in just over a week. A gallon of fat-free … Continue reading →

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Oil and Gas and Recovery

Posted on March 2, 2011 by OneMom

Here in Michigan’s Upper Peninsula, our gas prices went from $3.28 to $3.45/gallon on Friday. On Monday gas rose to $3.50/gallon. Yesterday $3.55. I am a little nervous to see where the prices are this morning when I head out … Continue reading →

Posted in Economy, gas prices, Magic Snow Globe, Oil prices, OneMom | Tagged , , | 2 Comments