I'm a Hardheaded Hillbilly, what's your excuse?!?

Gasoline Prices Week in Review

Sun Oct 30, 2011 7:41 PM EDT

The national average fell 1.3¢ from a week ago, ending a $3.461 per gallon. This despite prices on the NYMEX for WTI crude moving up 7% to finish at $93.63.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

85 Bank Closures for 2011

Fri Oct 28, 2011 11:41 PM EDT

A Des Plaines Illinois bank was closed by regulators on Friday, October the 28th. With this action, there have been 85 bank closures in 2011, costing the FDIC DIF an estimated $6.9618 Billion. This compares to 139 closures by this date in 2010.

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business, texas, financial, economy, georgia, florida, illinois, oregon, california, virginia

Gasoline Prices look set to ease slightly

Sat Oct 22, 2011 7:31 PM EDT

Crude prices just barely nudged up the past week, but a big reported drop in consumer demand of gasoline pushed those inventories into fairly decent shape. Thus the gasoline prices may ease back a bit for the next week.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

Bank Closures reach 84 for the year

Sat Oct 22, 2011 9:50 AM EDT

Regulators closed banks in Colorado, Florida and 2 in Georgia There have currently been 84 bank closures in 2011, costing the FDIC DIF an estimated $7.0B. This compares to 139 closures by this date in 2010.

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business, texas, financial, economy, georgia, florida, illinois, oregon, california, virginia

Inflation at 3.9%, over past year

Wed Oct 19, 2011 9:51 AM EDT

The Bureau of Labor and Statistics report just released has prices moving up +0.3% from last month. The report states that the rate of inflation over the past 12 months was 3.9% before adjustments.

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business, economy, consumer, price, inflation, opinion, reports, bls

Gasoline prices moving upward

Sun Oct 16, 2011 3:41 PM EDT

It looks like the falling prices may have stalled amid both lower dollar valuations and crude oil demand. Crude oil moved up to $87.28, with $2~$3 dollars of that rise being accounted for in a weaker dollar, as the dollar fell -2.72% over the past week.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

Bank Closures reach 80 for the year

Sun Oct 16, 2011 9:37 AM EDT

Regulators closed banks in Illinois, New Jersey, North Carolina and Georgia. There have currently been 80 bank closures in 2011, costing the FDIC DIF an estimated $6.6B. This compares to 132 closures by this date in 2010.

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business, texas, financial, economy, georgia, florida, illinois, oregon, california, virginia

Gasoline prices continue fall, but nearing bottom?

Sun Oct 9, 2011 7:40 PM EDT

The national average fell another 3.2¢ the past week and has fallen 24¢ the past 5 weeks. Will the downward trend continue? First the chart at right is based on projections derived from the input of data at the national level.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

Vehicle Sales continue upward climb

Mon Oct 3, 2011 8:33 PM EDT

Sales rose 9.9% from year ago levels, which were a strong 28.5% above September, 2009 levels VW/Audi, Mazda and Chrysler each posting very strong increases from last year, with the remainder (sans Ford, Toyota, Honda, Subaru) posting above average gains. Ford sales continu …

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business, ford, autos, gm, honda, toyota, chrysler, cars, hyundai, automobiles

Gasoline continues slide

Sat Oct 1, 2011 8:25 PM EDT

Pump prices fell another 6.8¢ the past week... finishing at $3.461. With crude prices staying down, the potential for more drops is fairly good. Regionally was a mixed bag, with PADD 2 posting a and straight week of 10¢+ drops.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

Texas Bank fails, Oregon Credit Union in Conservatorship

Sat Oct 1, 2011 8:17 AM EDT

Regulators closed one Texas bank this past week, as well as placing one Oregon Credit Union into conservatorship Bank closures and information: First International Bank, Plano, Texas,

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business, texas, financial, economy, georgia, florida, illinois, oregon, california, virginia

Pump prices dropping?

Sat Sep 24, 2011 3:54 PM EDT

Oh how this Hillbilly's head is starting to swell, as I've got it right two weeks in a row I'd rather not talk about those other 60+ weeks. I did foresee a 6.3¢ drop and the average actually fell 9¢.

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business, oil, financial, economy, gas, price, opinion, eia, crude, distillates

Bank Closures now stand at 73, for 2011

Fri Sep 23, 2011 9:44 PM EDT

Regulators closed banks in Virginia and California, as the number of bank closures in 2011 swelled to 73. Closures and Information...

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business, financial, economy, georgia, florida, illinois, california, virginia, banks, fdic

Math Lab Found On Balcony

Mon Sep 19, 2011 10:10 AM EDT

Oh my, the horror of it all.

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odd-news

Gas Prices Continue to ease?!?!

Sat Sep 17, 2011 9:49 AM EDT

The national average fell 4.5¢ and may slip further as the fall inventories begin to adjust My prediction had been a 4¢ drop, so I am feeling a bit giddy about finally getting a call nearly correct.

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business, oil, economy, price, inflation, gasoline, opinion, eia, distillates

My Real World Inflation Numbers

Thu Sep 15, 2011 10:02 AM EDT

As always, my real world numbers do not match the BLS numbers, but that is understandable, given that I am not that median or average person. First the forecasts of those economists, versus the actual BLS numbers.

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business, economy, price, inflation, opinion, bls, reports-consumer

Gasoline prices to slowly recede?

Sun Sep 11, 2011 11:00 AM EDT

The national average barely moved the past week, although regional differences made some jumps. Regionally, the West Coast saw a rise of 6¢~8¢, The Rocky Mountain region not much change, the Midwest down about a penny, the East Coast down about 2¢ and the G …

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business, commodities, oil, gas, opinion, bls, energy-markets, distillates

Pump Prices continue as a drag on the economy

Sat Sep 3, 2011 10:12 AM EDT

The national average has moved up 7¢ the past week and will most likely move up another 3¢ by the end of the Labor Day Holiday. I do expect some easing, but can't even bank on that, as the potential for refinery disruptions in the Gulf Coast area, due to Tropical Storm …

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business, oil, gas, opinion

2 Georgia banks closed, 69th and 70th in nation for the year

Fri Sep 2, 2011 8:12 PM EDT

Regulators closed 2 banks in Georgia, as the number of bank closures in 2011 swelled to 70. Closures and Information... Patriot Bank of Georgia, Cumming, Georgia.

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business, financial, economy, georgia, florida, illinois, banks, fdic, regulators, ncua

Vehicle Sales are better than expected for August.

Thu Sep 1, 2011 6:43 PM EDT

With Chrysler leading the way with a jump of 30.6% from last year, most automakers had much better than anticipated sales results. Honda, Subaru and Toyota are still dealing with very low inventories and sales fell from one year ago, but the outlook is more positive, as producti …

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business, ford, autos, gm, honda, toyota, chrysler, cars, hyundai, automobiles

Hey MSNBC, just how far can you mislead people for profit and gain?

Wed Aug 31, 2011 11:54 AM EDT

Brought up the MSNBC webpage and this caught my eye...Aid reaches stranded Vt. towns amid reports of looting Of course, I found that curious and then clicked on the article.

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looting, new-jersey, vermont, us-news, riots, opinion, anarchy, irene

Gasoline set to move up in the short term.

Fri Aug 26, 2011 6:20 PM EDT

Time for a review of the past week's nonsensical headlines and explanations, followed by the real story, or at least my opinion of what really took place. 1st...

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business, energy, oil, hurricane, economy, new-york, kentucky, gasoline, industry, refineries

Why the Democrats Need To Wake Up....

Sat Aug 20, 2011 4:12 PM EDT

...and be mindful of the name calling. Because it may very well be playing into the Republican intent. How could that be? A.

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us, washington, elections, illinois, democrats, politics, california, hawaii, gop, maryland

Regulators Close Banks in Florida, Georgia and Illinois

Fri Aug 19, 2011 8:08 PM EDT

Regulators closed banks in Florida, Georgia and Illinois, as the number of bank closures in 2011 swelled to 68. Closures and Information... First Choice Bank of Geneva, ILL. was closed by state regulators.

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financial, economy, georgia, florida, illinois, banks, us-news, fdic, regulators, ncua

Energy Price Review - 8-19

Fri Aug 19, 2011 6:04 PM EDT

Oil prices (WTI) slipped below $80 early in the trading day, before pulling back up to finish at $82.73.

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business, energy, oil, economy, gasoline, industry, refineries, distillates

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Comments & Feedback

Please continue posting your financial, commodity and economic analyses. You are yet another of the surprise sources of insight on NewsVine, modestly tucked away, although I suspect your efforts have not gone unnoticed!

Thank you for so generously sharing with us. People pay good money for far less!
— Liselotte