$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]
$UGA Tight gasoline supplies on the US East and West Coasts have left both regions vulnerable to potential price spikes at the pump ahead of the peak Summer driving season. Supplies on both coasts are at seasonal 5-year lows as the Memorial Day Holiday weekend starts, the unofficial beginning of Summer. The Memorial Day weekend […]
A massive Winter storm system is forecast to sweep across the Midwest into New England, bringing up to 2 feet snow accumulations and high winds. The National Weather Service (NWS) Friday had Winter storm warnings and watches in effect from the Dakotas, across the Great Lakes states and into New England. Forecasters say the storm […]
Today’s US Gasoline Prices Tapping at 4 Year Highs $UGA, $USO The next time you pull up to the pump to fill up as steadily rising gasoline prices you will learn they are near their highest marks since Y 2014. The price surge comes just ahead of the November midterm elections when California will vote […]
Gas Stations are Out of Gas in Florence’s Path $UGA As Hurricane Florence strengthens, over 1.5-M ordered to flee Tuesday, more than 1.5-M people were ordered to evacuate their homes along the US southeast coast to escape Hurricane Florence, a major Category 4 storm expected to make landfall in the Carolinas later this week. Gas […]
President Trump Shreds Hussein Obama Fuel Mileage Regulation $UGA, $USO The Environmental Protection Agency and National Highway Traffic Safety Administration jointly proposed Thursday to cap fuel economy requirements at a fleet average of 37 mpg starting in Y 2020. Under the Hussein Obama plan, the fleet-wide fuel economy would have risen to 47 mpg by […]
President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]
Moody’s Rates US Credit “Top Notch” at Aaa $DIA, $SPY, $QQQ, $VXX This week Moody’s said that it has maintained the United States’ top-notch “Aaa” credit rating, saying the country’s “exceptional” economic strength would counterbalance lower fiscal strength. The ratings agency also kept its stable outlook on the United States and said it expects Washington to resolve […]
The Big Q: How Effective is AEB? AAA together with the Automobile Club of Southern California’s Automotive Research Center recently tested 5 vehicles with AEB (automatic emergency breaking). They were sorted into 2 categories: systems designed to reduce impact, and those meant to prevent collisions altogether. The 5 vehicles, all model Y 2016, underwent a […]
The AAA Position: Marijuana’s Effect on Driving This election year, voters in five states will decide whether to legalize recreational marijuana use. Among them are California with Proposition 64 and Maine with Question 1. Any states that do will join the four others where the drug is already legal for recreational use. The AAA Foundation […]
Pet Healthcare is Costly, and Rising The American Pet Products Association estimates that US pet expenditures hit $60.59-B last year, up from $58.04-B in Y 2014. A substantial portion of those costs are for Vet care ($15.73-B) and medicine ($14.39-B). That breaks down to an average of $235 on routine Vet visits for dog owners […]
Consumer Confidence Dims on Economy $DIA, $SPY, $QQQ, $VXX Consumer confidence slid in July from the prior month on dimmer views of the US economy’s prospects and lingering concerns among higher-income earners about global market conditions. The University of Michigan said Friday that its final index of sentiment (MSI) declined to 90 this month from […]