Monday, October 31, 2011

Gasoline Price Update

The graph below shows gasoline prices have been slowly moving down since peaking in early May.

Unfortunately, according to Bloomberg, Brent Crude is up to $109.12 per barrel, and WTI is up to $92.83.

According to the EIA, WTI is up from $79 per barrel at the end of September, and Brent is up from $105. It appears the gap between WTI and Brent is closing.

Note: This graph show oil prices for WTI; gasoline prices in most of the U.S. are impacted more by Brent prices.




Orange County Historical Gas Price Charts Provided by GasBuddy.com