Tag Archives: Oil Prices

“What we’re seeing right now is that we’re in a price war"

By Keith Reid I first started reporting on the petroleum industry in 1999. At that time, the conventional wisdom was fairly well established. The United States would never again be a major oil producer. Demand for refined products, particularly gasoline, would continue an inexorable increase. Conventional oil throughout the world would become scarce. Prices would continue to rise upward. That ...

Residential prices across New England were up some 12 cents per gallon between February 16 and February 25, from 2.94 to 3.15, according to the Energy Information Administration. The increase suggests, along with gasoline prices and other fuels moving up that the shock of OPEC’s big news that they wouldn’t be slowing production is wearing off. Prices bottomed out at 2.77 at the ...