The Think Tank

Thursday Jan. 07,2010 Oil Prices

by on Jan.07, 2010, under Oil Prices

Well, the temps in the Pacific Northwest remain in the 40’s unlike most of the rest of the country.  Even in the balmy southern states the mercury has dropped, leaving Florida, Georgia, Missouri, Texas etc with temps in the 20’s.  Texas windchill values are below zero.  This prolonged chill, the longest in 25 years is probably what is driving up the price of heating oil, although it is dropping oh so slightly.  The weather here is windy.  20 to 30 miles per hour in the Portland Metro area.  There was a gust at Crown Point this morning of 98 miles per hour.  Yikes

Larsen Oil 503 281 0003   200g 2.46 400g 2.43 down  .o3
Pulliam Oil 503 564 4968   200g 2.48 400g 2.46 down  .04
——————————————————————————————————————————————————-
1/06/10    Close 83.18 Crude   1/07/10   Close 82.65   down  .53
1/06/10    Close 2.1965 Heating Oil   1/07/10   Close 2.1848   down .0184

any drop is a good drop.  Let’s hope the down trend continues.  I am looking for it to go back where it was mid December, and mid October.


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