Aggressive OPEC Pushes Oil Prices Up

Oil prices firmed up just a bit on the very aggressive comments from OPEC’s top official, although the bull run from September does not appear to be set to return. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- The average U.S. household is expected to spend $1,977, or about 2.4 percent of mean income, on gasoline this year, according to the EIA. — Gasoline expenditures are at a near-decade low, but may have bottomed out, and could actually see a slight uptick in 2017. — Low gasoline prices have led to a jump…

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