@ October 12, 2008 # No Comment Yet
Due to lower consumer demand and oil prices, the average cost of a gallon of gas had its largest price drop ever this week. The national average for a gallon of gas on 10/10/08 was $3.3079, down from $3.6582 two weeks before. Gas peaked on July 11, 2008 at $4.114. Honolulu, Hawaii has the highest [...]
@ October 12, 2008 # No Comment Yet
Iran plans on asking for oil output cut at an OPEC emergency meeting in Vienna in mid-November. Iran is concerned about falling oil prices affecting their investments.
Ed: Let’s make it so the middle east is concerned about really really low oil prices due to really really low US demand. Buy greener, everybody. It does need [...]
@ October 11, 2008 # No Comment Yet
On 10/10/08 Colin Powell praised Alaska Senator Ted Stevens’ sense of honor at his trial on corruption charges. Powell praised his “sterling” reputation for honesty and integrity. There is allegation that Stevens lied on Senate forms to conceal Allen’s gifts.
Federal prosecutors have accused Stevens of trying to hide more than $250,00 in renovations to his [...]
@ October 10, 2008 # No Comment Yet
Oil fell briefly below $78 per barrel on Friday, a 13-month low- as investors worried about the global economic meltdown. Oil reached a 2008 high of $147.27 per barrel on July 11, 2008. According to AAA, a gallon of gas now averages $3.35 across the United States. Phil Flynn, energy analyst at Alaron Trading Corp. [...]