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China Raises Gasoline Prices, Sends Gushan (GU:NYSE) Soaring

“Starting at midnight tonight… diesel and gasoline prices will rise 1,000 yuan ($145.39) per metric ton.” — Stephanie Grimmett by Stephanie Grimmett Baltimore — (TFN): Chinese fuel companies are breaking out on news that the country’s government will raise fuel prices at midnight tonight. PetroChina (PTR:NYSE), the country’s largest oil producer, is up 4.8% in morning trading. And [...]

Gas Prices: Is $4 per gallon the top?

“What if I said that gasoline prices were headed for the $4 a gallon level, but once they got there, they’d head no higher? Accompanied by that reassuring bit of alleged ‘certainty,’ gasoline at $4 a gallon doesn’t sound quite so scary.” — William Patalon by William Patalon Baltimore – (TFN): How [...]

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