Be Thankful for Lower Gas Prices

As we head toward Thanksgiving week, turkey prices are up, and gas prices are down. Ohio gas stations are averaging around 1.968 today, according to Gas Buddy, breaking the sub $2 range for the first time since January. Gasoline is down nearly 90 cents/gallon from a year ago. Thanksgiving is a big travel weekend for…

What is up with Ohio Retail Gasoline Prices?

Have you ever wondered how street Gas Prices are set, and why they jump around so much without reason? Well interestingly they do not work the same throughout the nation. Ohio and its direct neighbors Indiana, Kentucky and Michigan have extremely price sensitive, competitive, retail gas station environments. This super competitive environment is unique to…

Markets Looking for Direction

The market has been up and down lately, looking for direction in a stockpile of different news stories. The market is still over supplied which has been pushing the market lower. For the past 9 weeks oil rigs and fracking wells have decreased in number in the United States. The US Energy Information Administration on…

Market Update – Mexico Moves the Market Up

Markets are all trading up today due to several news leaks. Reports of a deal with Mexico to allow the US to start exporting 75,000 bbls a day in its first phase. A reports from the Dow Jones Newswire stated that, “Mexico Export Deal Triggers U.S. Oil’s Largest Gains is Nearly Two Months” The thought…