With roughly 1.05 billion barrels in reserve, some of which are used to meet basic demand each year during hurricanes or other periods of stress, the United States is not in a position to influence oil prices beyond the near term by releasing a portion of the strategic petroleum reserve. … READ MORE >
strategic petroleum reserve
Wholesale gas futures point to decline in retail prices
Based on the relationship between retail gasoline costs and wholesale gasoline prices, that cost for consumers is likely to decline in the near term. … READ MORE >
What the global coordinated release of petroleum reserves means
The politics and policy of global inflation will begin to shape markets as major global economies push back in direct and indirect ways on the surging price of oil. … READ MORE >