The Think Tank

Oil Prices Today Aug 16, 2010

by on Aug.16, 2010, under Oil Prices

Geez, it has been a long while since I posted.  The prices have been going up, up, up, and it was just plain depressing.  I am sure you have all noticed that gasoline has risen steadily all summer.  The same was true of home heating oil.  There has been a lovely downward trend for the past week, maybe 10 days.  Today for the first time the price for a gallon of home heating oil is under $ 2,00.  Thank Goodness.  Hopefully at the close of the market today it will be down again.  The prices posted here reflect Fridays close and foreign trading, etc after our markets closed on Friday as well as the current trading prices.  I will try to amend the post this evening so the market price is current.  The home heating oil price will not reflect todays close until tomorrow, as usual.

Larsen Oil 503 281 0003   200g 400g   closed today
Pulliam Oil 503 564 4968   200g 2.54 400g 2.49 up  .09
——————————————————————————————————————————————————-
6/04/10    Close 71.13 Crude   8/16/10   Close 75.20   up  3.22
04/10    Close 1.9542 Heating Oil   8/16/10   Close 1.9505   up 3 .22

Bear in minde, that the up reflects the difference from my last post which was very back in June.  My most hunmble apologies.  It is down 18 cents per gallon for home heating oil from Friday’s close  and more than a dollar on the crude barrel price.  Definitely the right direction, DOWN.


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