NS gas prices?
#16
02-10-2009, 08:33 PM
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02-10-2009, 09:00 PM
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02-12-2009, 08:01 PM
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02-13-2009, 10:35 AM
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02-16-2009, 07:02 AM
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02-16-2009, 09:33 PM
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#24
02-17-2009, 06:06 AM
I read an interesting piece yesterday regarding this:
Crude oil is getting cheaper -- so why isn't gas? - Yahoo! Finance
Crude oil is getting cheaper -- so why isn't gas? - Yahoo! Finance
The price of gas is indeed tied to oil. It's just a matter of which oil.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
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