Crude Oil

AP Photo

What’s Up with Prices at the Pump and Why It Could Be a Good Sign

All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 a barrel, a high for the year. And that could be a good thing.

Oil jumpjack (Hasan Jamali / Associated Press)

Crude Oil Price Still Crashing Toward $25

Oil crashed by 6.3 percent to $30.98 on January 11, as the price of crude oil continues to fall toward the $25 break-even cost of production that Breitbart News predicted last March.

AP Photo

Oil Is Down. Gasoline Isn’t. What’s Up?

A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.

JAE C. HONGAP

Second Wave of U.S. Oil Boom Will Bankrupt OPEC

With every OPEC member now at a higher break-even cost than the U.S., it is OPEC members that are at risk of being bankrupted in the second wave of the U.S. oil boom.

AFP PHOTO / HO/ IRANIAN SUPREME LEADER'S WEBSITE

The Geopolitics of Oil Go Round and Round

Many complicated factors contribute to the global price of a barrel of oil, but two of the leading components are supply and risk—and both have the potential to escalate in the days ahead.