expected gas prices for april 9th, 2011 : Gas prices have surged this year, and although they remain below the record highs from 2008, prices are expected to continue moving higher ...
Bulls face test in first quarter earnings - Apr. 9, 2011
Gas prices have surged this year, and although they remain below the record highs from 2008, prices are expected to continue moving higher into the summer. That could spell trouble for the nascent rebound in consumer spending and put pressure on top-line sales growth.
At the same time, prices for many industrial and agricultural commodities have been sharply rising. Food producers have been looking for ways to deal with higher costs for wheat and corn, while rising cotton prices have led to hand wringing in the apparel industry.
"We're already starting to see some companies pass on cost increases," said Doug Roberts, chief market strategist at Channel Capital Research. In particular, he pointed to shrinking portion sizes in the food industry and the myriad of fees that airlines have come up with to deal with higher fuel costs. Read More
U.S. mood runs on gasoline | Philadelphia Inquirer | 04/09/2011
WASHINGTON - Quick: What do these things have in common? Libyan leader Moammar Gadhafi. The Japanese earthquake and tsunami. Wall Street volatility. A cranky, even angry American populace.
Answer: They all have something to do with gasoline. No matter what happens in the world today, just about everything points to fuel and the tricky politics that emerge when gas prices spike.
Americans ranked rising gas prices above subjects including Iraq, Afghanistan, immigration, terrorism, and taxes in an Associated Press-GfK poll late in March. Last fall, 54 percent called gas prices a highly important issue to them personally, but 77 percent said that in the latest poll. Read More
Oklahoma oil and gas prices: April 9, 2011
Oklahoman Leave a comment OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $109.25. Oklahoma Sour: Sunoco Inc. — $97.25. Oklahoma oil and gas drilling activity posted Mar. 18: COMPLETION Hughes: Newfield Exploration MidContinent Inc.; Tipton No. 6H-23 Well; NW1/4 SE1/4 SW1/4 SW1/4 (SL) of 14-04N-10E; 5,209,000 cu-ft gas per day; TD 13,042. Nowata: Cramer Oil LLC; Carrico No. 10-12 Well; SW1/4 SE1/4 NW1/4 SE1/4 of 31-26N-17E; 3 barrels oil per day; TD 620. Okmulgee: Rose Rock Resources Inc.; Anson No. 4 Well; W1/2 E1/2 SW1/4 NW1/4 of 35-12N-13E; 2 barrels oil per day, 15,000... Read More
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