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Price at the Pump: Steady Economy Means Steady Oil Prices
Price at the Pump: Steady Economy Means Steady Oil Prices
Price at the Pump: Steady Economy Means Steady Oil Prices
Oil prices have held steady for the past couple of months, thanks to economic news that seems to balance itself out; for everyone one story pushing oil prices up, we get another pulling those prices down.  However, things have changed to start this week, with oil prices moving up to the mid-$60 range for the first time in weeks. Patrick ...
Tariffs Will Reduce Deficits by $2.5 Trillion, CBO Says
Tariffs Will Reduce Deficits by $2.5 Trillion, CBO Says
Tariffs Will Reduce Deficits by $2.5 Trillion, CBO Says
Tariffs put in place by President Trump will take a big bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy.  A Congressional Budget Office analysis shows that the deficit reduction is almost exactly the same size as the deficit addition that would result from the GOP’s “Big, Beautiful Bill.”   New Analysis ...
Price at the Pump: Two Steps Forward, Three Steps Back
Price at the Pump: Two Steps Forward, Three Steps Back
Price at the Pump: Two Steps Forward, Three Steps Back
The seesaw action of oil prices continues, as West Texas and Brent traded slightly higher in Tuesday morning's action; $62 and $65 per barrel respectively.  Patrick DeHaan with Gasbuddy.com said oil prices remain challenged compared to where they started the year.   “...
Price at the Pump: Issues Beyond Trade Pushing Oil Prices Lower
Price at the Pump: Issues Beyond Trade Pushing Oil Prices Lower
Price at the Pump: Issues Beyond Trade Pushing Oil Prices Lower
Turbulence continues to be the name of the game for oil investors.  West Texas Crude and Brent were trading down by roughly 2% in Monday’s action.  Patrick DeHaan with Gasbuddy.com said thanks to new developments over the past couple of days, it’s not just tariffs and trade wars impacting oil prices.   “Including the potenti...
Price at the Pump: Oil Prices Continue Wild Ride
Price at the Pump: Oil Prices Continue Wild Ride
Price at the Pump: Oil Prices Continue Wild Ride
Oil prices have dropped roughly $10 a barrel in the past week, during what Patrick DeHaan with Gasbuddy.com has called a tumultuous week.  He noted a lot of this turbulence and unease is happening because of President Trump's tariffs coming in heavier and more significant than expected, increasing concerns of a global recession or slowdown.   “...

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