The price of gasoline does not always follow changes in the price of crude oil. STEVE AUSTIN | 2011/07/11 Oil prices are at it again. In June 2011 rates have dropped almost 20 percents from the $114 high that it touched 4 months earlier. Going by the current trades, oil prices are hovering slightly below […]

Though demand and supply is responsible for substantial hikes, “free enterprise” is to be blamed at all other occasions. And how? The moment there is speculation that crude will be trading higher, retailers usually increase their prices in an attempt to keep their margins intact for future purchases. Contrarily, when the price of the crude […]

Facing public resentment, Big Oil tax breaks may soon end. STEVE AUSTIN | 2011/06/01 The controversial bill proposed by the Democrats to end the substantial tax breaks extended to the major oil companies known as ‘Big Oil’ did not make it. Big Oil commonly refers to the five industry giants – Exxon, Shell, BP America, […]