Now Playing
K99.1FM
On Air
No Program
Now Playing
K99.1FM

transportation

200 items
Results 1 - 10 of 200 next >

An OPEC agreement: The devil is in the details

Photo courtesy of Day DonaldsonIts always refreshing to see perspective resume on any analysis of OPEC meetings, informal or otherwise.The meeting of International Energy Ministers in Algeria this past week wasn't about oil production cuts, but that became its central focus, especially given the month long hype leading up to it.The outcome did not disappoint scribes looking for any signals to send to traders at the ready with their buy and sell buttons at the ready. Indeed at one point in the session on Wednesday, the Iranian delegation was seen leaving the OPEC confab, a sure sign even the slightest agreement on oil quotas had failed. Alas, it was only a washroom break, but this wasnt apparent to all media, who began to signal that the meeting had failed .What happened was a commitment to agree to another meeting at the end of Novemeber whereby by OPEC members, and hopefully non-OPEC producing nations would "consider" trimming aggregate production by 740,000 barrels a day.seeking to "accelerate the ongoing drawdown of the stock overhang and bring rebalancing of oil forward" the group release offered trimming production from 33 m b/d to 32.6 m b/d. The news was greeted enthusiastically by hard pressed OPEC producers and oil scribes who's enthusiasm helped spark a rally on global energy markets that saw crude rise 5% or $2.50 a barrel, bringing gasoline and diesel for the upwards swing.In the two trading days since (including today), there has only been a modest build in energy prices as more serious questions are being asked about the effect such an agreement will have ultimately on the all important need to re-balance oil markets....

Oregon DOT report offers perspective for all states

Image From .If you're a regular visitor to the GasBuddy blogs you know that your gasoline tax dollars, both the federal and state, take a big slice of the average price per gallon you pay every time you fill up. Oregon, like most states, is grappling with highway funding and figuring out how to get it right... Easier said than done.  Like everywhere else, the main revenue generators of the Oregon State Highway Fund are Driver and Motor Vehicle (DMV) fees, motor carrier fees, and fuels tax. Unfortunately,due to a strong economy and a high rate of population growth,Oregon fuels tax revenue is on track for 5.6 percent growth in 2016— the strongest growth seen in recent history. However, according to ODOT’s latest revenue forecast, growth is expected to slow considerably in 2017 and ultimately turn negative starting in 2020.  ...

EIA: Another big decline in oil inventory, gasoline production

The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.Here are some highlights:CRUDE INVENTORIES:Crude oil inventories decreased by 1.9 million barrels (MMbbl) to a total of 502.7 MMbbl. At 502.7 MMbbl, inventories are 44.8 MMbbl above last year (8.8%) and are well above the upper limit of the average range for this time of year. GASOLINE INVENTORIES:Gasoline inventories increased by 2 million barrels to a total of 227.2 MMbbl. At 227.2 MMbbl, inventories are up 5.2. MMbbl, 2.3% higher than a year ago and are well above the upper limit of the average range for this time of year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.8 MMbbl); Midwest (+0.3 MMbbl); Gulf Coast (+1.3 MMbbl); Rockies (-0.1 MMbbl); and West Coast (+0.1 MMbbl). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).DISTILLATE (diesel, heating oil) INVENTORIES:Distillate inventories decreased by 1.9 MMbbl to a total of 163.1 MMbbl. At 163.1 MMbbl, inventories are up 11.5 MMbbl, or 8.6% vs. a year ago....

Another big decline in oil inventory, gasoline production

The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.Here are some highlights:CRUDE INVENTORIES:Crude oil inventories decreased by 1.9 million barrels (MMbbl) to a total of 502.7 MMbbl. At 502.7 MMbbl, inventories are 44.8 MMbbl above last year (8.8%) and are well above the upper limit of the average range for this time of year. GASOLINE INVENTORIES:Gasoline inventories increased by 2 million barrels to a total of 227.2 MMbbl. At 227.2 MMbbl, inventories are up 5.2. MMbbl, 2.3% higher than a year ago and are well above the upper limit of the average range for this time of year. Here's how individual regions and their gasoline inventory fared last week: East Coast (+0.8 MMbbl); Midwest (+0.3 MMbbl); Gulf Coast (+1.3 MMbbl); Rockies (-0.1 MMbbl); and West Coast (+0.1 MMbbl). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).DISTILLATE (diesel, heating oil) INVENTORIES:Distillate inventories decreased by 1.9 MMbbl to a total of 163.1 MMbbl. At 163.1 MMbbl, inventories are up 11.5 MMbbl, or 8.6% vs. a year ago....

City Spotlight: Houston

This past Friday, September 23, 2016, we had a blast giving away free gas to our Houston GasBuddies. Why Houston? Besides the incredible GasBuddy community we have in the city, we were drawn to the unofficial “energy capital of the world.” Check out some highlights about Houston below, in our first “City Spotlight.”

Houston Gas Facts

  • Today’s average for Houston: $1.943

  • Today’s average for Texas: $1.95

  • Houston metro-area average, 2016 year-to-date: $1.881 (21.3cts lower than the national average)

  • Houston’s highest 5% of stations average today: $2.251

  • Houston’s lowest 5% of stations average today: $1.745

  • Potential average savings in Houston today: 50.6cts

  • Most common price in Houston today: $1.999

  • Percentage of stations under $2 in the city today: 82.7%

  • Percentage of stations under $2 in Texas today: 83.6%

https://www.babble.com/babble-voices/10-highly-awesome-things-to-do-in-houston/

Things to Do & See

Fun Facts

  • Founded in 1836 by brothers Augustus Chapman Allen and John Kirby Allen, they named the city after Sam Houston, former President of Texas. (via Visit Houston)

  • “Houston” was the first word spoken from the moon in 1969, when Neil Armstrong said: “Houston, Tranquility Base here. The Eagle has landed.” (via Visit Houston)

  • Home to over 5,000 energy-related firms; unofficially known as the “Energy Capital of the world” (via City of Houston)

  • More than 90 languages are spoken throughout the city of Houston. (via City of Houston)

  • Houstonians eat out more than any other city population: 4.1 times per week (the national average is 3.1). (via Visit Houston)

...

New Florida law cracks down on gas station skimmers

Image From .If you read your morning paper or tune in to the evening news you know that in just about every state law enforcement is being called much more often these days to investigate thefts from gas station skimmers. Unsuspecting motorists whose credit or debit cards are fraudulently tapped can be exposed to substantial losses.  Local police, states' Attorneys General, and even the U.S. Secret Service have been called into these investigations from coast to coast.  And so far, it looks like the good guys are losing the war.  Part of the problem lies with the convenience stores and retail gas stations. They're still using 19th century technology in a 21st century battle.   Think about it.  A universal key that opens almost every gas pump?  In 2016?  ...

40 of 50 states see prices ease today; southeast pump prices recede following ColPipe repairs

Image From .BOSTON --(Sept. 26) - The repair last week of Colonial Pipeline's Line #1 and pending recovery of gasoline supply to many eastern states has brought the national average price of gasoline to $2.20/gal.  While that's only a nominal decrease from the $2.21 reported last week, it's a signal that the spikes experienced in most of the states directly impacted by the Colonial Pipeline damage in Alabama (reported Sept. 9th) are clearly receding. Since the damage occurred Alabama's average peaked at $2.08 and today stands at $2.07. Georgia's average peaked last week at $2.37 and is now $2.35. N. Carolina peaked at $2.22 and is now $2.21. S. Carolina peaked at $2.11 and, fortunately, has slipped to $2.09.   However, Tennessee's and Virginia's state averages remain near peak levels, at $2.16 and $2.10 respectively. Atlanta, the U.S. metro market hit hardest by the damage, saw prices spike by 35 cents reaching a peak average at $2.50 before receding since Thursday to today's $2.45/gal.  "While it appears that the worst may be behind us, we're not out of the woods yet where gasoline inventory levels are concerned," said Gregg Laskoski, senior petroleum analyst for GasBuddy. "Following Hurricane Katrina, gasoline inventory levels two weeks later had shed 3.3 million barrels. The reduction in east coast gasoline inventory tied to the Colonial Pipeline damage is estimated at 8.5 million barrels. The scale of this recovery is unparalleled so we should expect it may be extended for several weeks."  Throughout the rest of the U.S. we have six states today averaging $1.99 or less with Missouri exactly at $2.001 and likely to reach $1.99 or less perhaps later today or tomorrow. Last year at this time, Alabama, South Carolina and Tennessee were also at $1.99 or less.  Despite the ColPipe 'turbulence' of recent weeks, consumers should be encouraged that the national average price of gas remains 8 cents lower than last year at this time. Only six states today have an average price of $2.50 or more: HI, $2.82; CA, $2.75; WA, $2.71; AK, $2.60; OR, $2.52; NE, $2....

OPEC agreement to cut production? Don't bet on it.

Image From . / Day DonaldsonFor some time now we've seen the benchmark WTI crude oil trading in the mid-$40s with the Energy Information Administration's weekly reports prompting either bullish or bearish movement like a seesaw. And this week closed with crude oil slipping from its mid-week high around $46.50 after a report from Bloomberg indicated that 21 of 23 commodities analysts surveyed said OPEC probably isn't going to reach any agreement to limit oil production when they meet in Algiers Wednesday (Sept. 28). So it's virtually unanimous. The consensus says OPEC is blowing smoke... and if they're right (I think they are...) that's good news for U.S. motorists! ...

Peep This: The 5 Best Fall Foliage Destinations

Historic park trails. Gravity-defying gondolas. Keep-the-wine-flowing vineyards. Whatever your taste, we’ve raked up the best fall foliage destinations—and the best way to experience them—for your ultimate autumn adventure....

Study confirms pipelines are the best to move oil and gas

Photo by jasosonwoodhead23With pipeline integrity in the news, a report this week by the Association of Oil Pipelines (AOPL) reinforces what many believe; gas and oil pipelines are the safest ways to transport liquid energy products across the continent. ...

200 items
Results 1 - 10 of 200 next >