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Oil Hit $90—and the Pump Hasn’t Caught Up Yet

Oil Hit $90—and the Pump Hasn’t Caught Up Yet

If you’re paying around $3.75 a gallon in Florida right now, it feels like the spike already happened. It didn’t. What you’re seeing at the pump reflects oil prices from about a week or two ago—when crude was trading closer to $80 a barrel. But for the past several...
The Day After the Oil Shock

The Day After the Oil Shock

The oil market had one of those days yesterday. The kind traders talk about for years. Crude prices surged so fast that by the closing bell the market had posted the largest weekly gain since modern oil futures trading began in 1983. When the dust settled, West Texas...
The Day After the Oil Shock

Brent at $82: The Gulf War Tax Is Back

Oil Jumps 13% After Iran Strikes — Here Comes the Pain at the Pump Well, that didn’t take long. Brent crude just leapt as much as 13% to $82 a barrel after Iran’s latest round of strikes rattled nerves in the Persian Gulf. Tankers are hesitating. Insurance rates are...
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