On Sunday, gasoline prices reached their highest level in 14 years, 4.009 per gallon. The high price of gas comes as Russia wages war on Ukraine and fears of a crude supply shortage ensues. Andy Lipow of Lipow Oil Associates believes the national average could reach $4.50 per gallon. Lipow said,...
BP, British oil and gas giant, closed out the fourth quarter with significant gains. In fact, the company's full-year net profit was the highest it has been in eight years. This is largely due to global gas markets rising towards the end of 2021 and an oil price rally...
The pandemic brought many changes to our economy, and the lumber industry is no exception. Lumber prices have been unpredictable since the beginning of the COVID-19 outbreak, and now prices are climbing once again. Another surge in lumber costs began again in December. Prices saw a sharp decrease from a...
Oil mega-giant Chevron announced on Friday that it had its highest free cash flow ever during the third quarter. The San Ramon, California-based oil corporation, also beat expectations for the same period and earned an adjusted share price of $2.96 a share. Analysts had anticipated $2.21 a share. Moreover,...
Natural gas prices have risen more than 180 percent over the past year. By Tuesday mid-morning, the cost of natural gas in the U.S. stood at $6.18 per MMBtu (British thermal units). Unfortunately, the higher prices couldn’t come at a worse time as the commodity is the most common way...
Supply chains have been hit hard amid the COVID-19 pandemic, adding pressure to many businesses that can’t keep up with consumer demand. But, one retail chain says its supply chains are better than they were this time last year. Home improvement retailer Lowe’s said that it’s even getting holiday...
The U.S. government has requested that OPEC and the organization’s oil-producing allies increase their oil production due to increasing gas prices. The administration is concerned that rising inflation prices will hinder recovery from the pandemic. The White House has also asked regulators to investigate prices at the pump. This past...
