Posts filed under “Energy”
Source: Chart of the Day
From Chart of the Day:
As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a few points of interest. For one, geopolitical crises are often associated with major swings in the price of gasoline. It is also worth noting that, since the financial crisis, the resulting peaks of gasoline price spikes have been decreasing over time (see downward sloping red trendline). In the end, the recent plunge has brought gasoline prices to five-year lows.
The Effect of Oil Price Declines on Consumer Prices Ben Craig and Sara Millington 11.19.14 Oil prices have declined significantly in recent weeks, reaching levels not seen in several years. At the same time, the year-over-year percent change in the most widely known measure of inflation, the Consumer Price Index (CPI), came…Read More
Could the Dissolution of OPEC Become a Golden Swan? Fifty-four years of inflated energy prices may be coming to an end. Doug Kass Real Money Pro, October 8, 2014 | 7:31 AM EDT We all know that I’m bearish. To me (at the current time), this is a stock market with no memory,…Read More
It’s been impossible to miss the headlines screaming about oil: Prices Plunge! Multiyear lows! Supply glut! Dollar rally! My concern is less about a supply glut and more about falling demand. Despite a dearth of signals that a recession may be on its way, falling oil prices can be a sign that consumers are getting…Read More