Gasoline-Futures Prices Tumble 16 Cents in Last Week, Due to Market Forces: Increased Oil Supply

U.S. gasoline-futures prices have dropped 16 cents a gallon over the past eight trading days, as more U.S.

From Delta Airlines CEO Richard Anderson writing in Delta's Sky Magazine (May issue):

Oil prices fell on Monday as concerns about Greek debt talks and U.S. budget negotiations outweighed worries about potential Middle East supply disruptions. After the U.S. Thanksgiving holiday muted activity late last week, the market dipped in another day of light activity as U.S. lawmakers showed little progress toward a compromise designed to avoid mandated tax increases and government spending cuts scheduled for Jan. 1.

NEW YORK — After almost three years of churning bumper profits from the massive price gap between the world’s two most actively traded crude oil contracts, traders, refiners, railways and investors are all asking the same question: Is the game finally coming to a close? The near US$20 premium North Sea Brent held for much of 2012 over U.S. benchmark West Texas Intermediate (WTI) has fallen to less than US$8 a barrel, the lowest since the crude-by-rail boom began to gather steam in early 2011.

By James Shell:At the request of one of my followers, I've done a little work to try to put some numbers on the supply and logistic situations that have been going on in Oil Refining for the past few months. This is useful to try to understand why differences in feedstock costs and access to certain markets allows some of these independent refiners to prosper in niche situations. Here is a table of spot prices for various crude oil grades:

Biofuels submits:The Ethanol Market This Week Will Focus on: