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Nominal increases in crude oil reflect positive signs for consumers

GasBuddy Blog -- Geopolitical events yesterday included developments overseas and domestically which, combined, may bode well for U.S. consumers as WTI gained just 10 cents to close on the NYMEX at $102.93 per barrel. Brent closed down $2.53 per barrel to $118.68 and that narrowed the gap between the two to $15.31 per barrel, the narrowest differential since Feb. 28, according to Bloomberg.

Early in the day Brent crude and West Texas Intermediate both declined following the announcement that 10 hours of "constructive" negotiations in Istanbul between Iran's delegation and the U.N. Security Council's five permanent members yielded an agreement to meet for a second round of discussions on May 23 in Baghdad.

It should be noted that Israeli...

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Submitted Apr 17, 2012 By: PD

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gem1224 Champion Author Tulsa Posts:1,541 Points:491,640 Joined:May 2011	Message Posted: Apr 18, 2012 9:59:55 AM Ignore gem1224 Report Abuse sure
grandamgt1 Champion Author Illinois Posts:2,331 Points:1,237,400 Joined:Apr 2008	Message Posted: Apr 18, 2012 9:58:54 AM Ignore grandamgt1 Report Abuse None of the Iran talks will be seen as "constructive" in the years to come.
CORKYWC All-Star Author Chicago Posts:547 Points:2,114,540 Joined:Apr 2004	Message Posted: Apr 18, 2012 9:58:03 AM Ignore CORKYWC Report Abuse That's yet to seem.
wang91554 Champion Author San Jose Posts:3,155 Points:1,198,880 Joined:May 2009	Message Posted: Apr 18, 2012 9:56:38 AM Ignore wang91554 Report Abuse if you say so.
firechief Champion Author New York Posts:3,431 Points:2,064,200 Joined:Mar 2004	Message Posted: Apr 18, 2012 9:56:31 AM Ignore firechief Report Abuse yea but not till it's changed to gas
Harry813 Champion Author Iowa Posts:2,990 Points:658,940 Joined:Jul 2011	Message Posted: Apr 18, 2012 9:55:55 AM Ignore Harry813 Report Abuse Not seeing any help here yet .
dabayer Champion Author New Hampshire Posts:2,731 Points:621,030 Joined:Oct 2005	Message Posted: Apr 18, 2012 9:55:14 AM Ignore dabayer Report Abuse The speculators eat that for breakfast.
Emmamae1 Champion Author Illinois Posts:3,042 Points:586,165 Joined:Oct 2011	Message Posted: Apr 18, 2012 9:55:11 AM Ignore Emmamae1 Report Abuse should help reduce gas price.
menagerie1013 Champion Author San Diego Posts:2,365 Points:687,490 Joined:Apr 2011	Message Posted: Apr 18, 2012 9:54:40 AM Ignore menagerie1013 Report Abuse The proof is in the price at the pump.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Apr 18, 2012 9:52:56 AM Ignore CPGas1815 Report Abuse I will not believe it until I see it in my home town where gasoline prices are just a tenth of a penny shy of $3.90 per gallon.
ramgas Champion Author Texas Posts:2,155 Points:1,299,180 Joined:Jan 2005	Message Posted: Apr 18, 2012 9:47:56 AM Ignore ramgas Report Abuse And this means nothing in regard to what we're gonna pay at the pump.
NoStrings Champion Author Ventura Posts:1,387 Points:271,280 Joined:Aug 2011	Message Posted: Apr 18, 2012 9:47:50 AM Ignore NoStrings Report Abuse really, i am not yet paying $2 per gallon.
buzzieNY Champion Author Buffalo Posts:2,877 Points:632,530 Joined:Jun 2011	Message Posted: Apr 18, 2012 9:44:38 AM Ignore buzzieNY Report Abuse Obama is doing nothing about this as he wants high gas prices so he can push his green only agenda, which so far has cost taxpayers already a few billion dollars in bad loans and bankruptcies.
bra0712 Champion Author Arizona Posts:3,655 Points:765,870 Joined:Nov 2008	Message Posted: Apr 18, 2012 9:44:24 AM Ignore bra0712 Report Abuse Ya
bigmace111 Champion Author Albany Posts:2,708 Points:611,675 Joined:May 2011	Message Posted: Apr 18, 2012 9:44:13 AM Ignore bigmace111 Report Abuse Is this supposed to make us feel better? Get the price of gas down, and we will actually be better.
pecos Champion Author Columbus Posts:7,710 Points:2,109,360 Joined:Jul 2005	Message Posted: Apr 18, 2012 9:43:28 AM Ignore pecos Report Abuse Not when gas prices stay sky high!
ultm8opie Champion Author Twin Cities Posts:2,189 Points:531,805 Joined:Jan 2011	Message Posted: Apr 18, 2012 9:42:36 AM Ignore ultm8opie Report Abuse ok
rbrowdersr Champion Author Detroit Posts:5,711 Points:1,816,910 Joined:Aug 2006	Message Posted: Apr 18, 2012 9:41:22 AM Ignore rbrowdersr Report Abuse Positive sign?????
VetteBlue Champion Author San Jose Posts:8,023 Points:1,612,720 Joined:Jan 2007	Message Posted: Apr 18, 2012 9:37:30 AM Ignore VetteBlue Report Abuse The only positive sign is lower gas prices. Not stories about the problem.
papakoca All-Star Author Texas Posts:649 Points:527,910 Joined:Jun 2011	Message Posted: Apr 18, 2012 9:37:10 AM Ignore papakoca Report Abuse Pennies! They are talking about a real money reduction.
amayne11 Champion Author Vancouver Posts:1,745 Points:497,030 Joined:Nov 2011	Message Posted: Apr 18, 2012 9:35:12 AM Ignore amayne11 Report Abuse I hope the cost of living will stop increasing.
dad2two Champion Author Dallas Posts:3,525 Points:747,370 Joined:May 2010	Message Posted: Apr 18, 2012 9:34:43 AM Ignore dad2two Report Abuse I would like oil and refined gasoline to come down.
2granny Champion Author Michigan Posts:9,560 Points:1,463,330 Joined:Apr 2009	Message Posted: Apr 18, 2012 9:34:12 AM Ignore 2granny Report Abuse Time will tell.
bonbon5 Champion Author Toledo Posts:1,975 Points:526,500 Joined:Feb 2011	Message Posted: Apr 18, 2012 9:33:19 AM Ignore bonbon5 Report Abuse sounds ok to me.
AnObserver Champion Author New Jersey Posts:8,344 Points:2,255,830 Joined:Sep 2005	Message Posted: Apr 18, 2012 9:31:16 AM Ignore AnObserver Report Abuse Positive is good
67yenko Champion Author Mississippi Posts:1,165 Points:359,905 Joined:Jan 2011	Message Posted: Apr 18, 2012 9:29:15 AM Ignore 67yenko Report Abuse another day... another Nobama 4.3billion in debt... and gas still up....
heydano67 Champion Author California Posts:1,656 Points:356,385 Joined:Feb 2012	Message Posted: Apr 18, 2012 9:28:13 AM Ignore heydano67 Report Abuse Won't be satisfied Until oil is down by at least a third.
ChristinaCricke Champion Author New Jersey Posts:3,727 Points:764,650 Joined:Mar 2011	Message Posted: Apr 18, 2012 9:26:23 AM Ignore ChristinaCricke Report Abuse I don't believe nor agree!
kuma2000 Champion Author Honolulu Posts:3,208 Points:671,225 Joined:Jun 2011	Message Posted: Apr 18, 2012 9:26:20 AM Ignore kuma2000 Report Abuse all that matters is how do we get lower gasoline prices.
insightcruzer All-Star Author Oakland Posts:552 Points:191,145 Joined:Feb 2012	Message Posted: Apr 18, 2012 9:25:34 AM Ignore insightcruzer Report Abuse I doubt we will ever see the days of the $80 barrel again, so while a cent reduction here and there may help, the general trend will be for continued high prices until America begins building more refineries for the type of crude that is needed and also exploring and opening up more oil fields on federal lands (not just the private lands that OBama is touting as his proof of opening up more oil production).
Adman1989 All-Star Author Massachusetts Posts:575 Points:125,430 Joined:Mar 2008	Message Posted: Apr 18, 2012 9:24:50 AM Ignore Adman1989 Report Abuse keep going! oil needs to drop!
BWALL2700 Champion Author Illinois Posts:2,174 Points:195,735 Joined:Apr 2011	Message Posted: Apr 18, 2012 9:23:51 AM Ignore BWALL2700 Report Abuse It doesn't matter. Gas prices still to high.
PithyOpiner Champion Author Stockton Posts:16,190 Points:1,594,620 Joined:Jun 2008	Message Posted: Apr 18, 2012 9:22:33 AM Ignore PithyOpiner Report Abuse May 23rd? They are just stallin' for time. It is so obvious.
drobbbb Champion Author Maryland Posts:3,465 Points:809,535 Joined:Dec 2010	Message Posted: Apr 18, 2012 9:20:10 AM Ignore drobbbb Report Abuse ok
ratboy1968 Champion Author Montreal Posts:2,602 Points:546,100 Joined:Oct 2011	Message Posted: Apr 18, 2012 9:19:16 AM Ignore ratboy1968 Report Abuse yawn
RBob Champion Author Portland Posts:3,359 Points:2,344,950 Joined:May 2004	Message Posted: Apr 18, 2012 9:19:12 AM Ignore RBob Report Abuse It is not a positive sign until there are reduction in the prices at the retail market. Otherwise it is must more gold lining the pockets of big oil and the speculators. Yet the House of Representatives leadership wants to increase the subsidies and tax credits paid to big oil at the expense of the regular tax payers. Go figure who is getting paid off, sure not the consumer.
gumbyrex Champion Author Fresno Posts:3,286 Points:756,365 Joined:Mar 2011	Message Posted: Apr 18, 2012 9:18:36 AM Ignore gumbyrex Report Abuse Talk is cheap. I'll believe it when I feel the benefits in my checkbook.
silverfoxv65 Champion Author Michigan Posts:4,465 Points:1,227,125 Joined:Sep 2009	Message Posted: Apr 18, 2012 9:18:01 AM Ignore silverfoxv65 Report Abuse I dought that.
Asbury09 Champion Author Iowa Posts:7,198 Points:1,527,380 Joined:Jan 2009	Message Posted: Apr 18, 2012 9:15:30 AM Ignore Asbury09 Report Abuse we will see what the near term future brings
etop8222 Veteran Author Reading Posts:429 Points:58,330 Joined:Apr 2011	Message Posted: Apr 18, 2012 9:14:51 AM Ignore etop8222 Report Abuse I was glad to see the price come down today about .05 cents.
melonyFL Rookie Author Jacksonville Posts:11 Points:3,820 Joined:Apr 2012	Message Posted: Apr 18, 2012 9:14:22 AM Ignore melonyFL Report Abuse sems like prices stay the same around here always high.
mickealo Champion Author Spokane Posts:6,147 Points:2,141,510 Joined:Oct 2006	Message Posted: Apr 18, 2012 9:07:20 AM Ignore mickealo Report Abuse ya we will see if prices come down dought it
WestMichigan Champion Author Grand Rapids Posts:2,463 Points:552,815 Joined:Mar 2011	Message Posted: Apr 18, 2012 9:07:02 AM Ignore WestMichigan Report Abuse Positive sign would be a negative direction on prices.
bbthegun Champion Author San Diego Posts:5,968 Points:1,678,165 Joined:Sep 2006	Message Posted: Apr 18, 2012 9:04:15 AM Ignore bbthegun Report Abuse I agree with TRAIN RIDER with one exception. The cost to taxpayers has been more than just a few $B! You can't just consider the bad loans handed out to unviable solar companies as political payoffs, but you have to consider the $Bs in lost royalties due to all the drilling shut down on federal lands. Obama's claims are totally false. The only reason oil production is higher is because of the boom on private lands that he can't shut down (yet). The only reason we are exporting gasoline is because our demand is down sharply due to his crappy economy which he still blames Bush for. He is a pathetic joke of a President.
Number43 Champion Author Lexington Posts:8,681 Points:1,635,245 Joined:Oct 2008	Message Posted: Apr 18, 2012 9:03:38 AM Ignore Number43 Report Abuse No price increase is good news. It's like having a little cancer.
liao Champion Author Montreal Posts:3,437 Points:1,426,285 Joined:Sep 2008	Message Posted: Apr 18, 2012 9:03:27 AM Ignore liao Report Abuse gasoline price at the pump remains high.
5Golfer8 Champion Author Tucson Posts:2,133 Points:299,675 Joined:Jun 2011	Message Posted: Apr 18, 2012 9:01:11 AM Ignore 5Golfer8 Report Abuse Rip rip ripoff.
NashGas Champion Author Nashville Posts:3,089 Points:662,330 Joined:Dec 2009	Message Posted: Apr 18, 2012 9:00:59 AM Ignore NashGas Report Abuse We shall see.
smoketown Champion Author Cincinnati Posts:6,221 Points:1,379,925 Joined:Feb 2008	Message Posted: Apr 18, 2012 9:00:59 AM Ignore smoketown Report Abuse So.Bush did not know what a gallon of gas cost.............
bell05 Champion Author Atlanta Posts:9,240 Points:1,873,685 Joined:Jun 2005	Message Posted: Apr 18, 2012 9:00:56 AM Ignore bell05 Report Abuse Yesterday report. But at least the article begins a NOMINAL INCREASE rather than like they usually do.
MJIOWA Champion Author Iowa Posts:4,808 Points:1,075,020 Joined:Nov 2009	Message Posted: Apr 18, 2012 9:00:36 AM Ignore MJIOWA Report Abuse good news
TRAIN RIDER Champion Author San Bernardino Posts:9,067 Points:2,754,895 Joined:Oct 2004	Message Posted: Apr 18, 2012 8:58:51 AM Ignore TRAIN RIDER Report Abuse Obama is doing nothing about this as he wants high gas prices so he can push his green only agenda, which so far has cost taxpayers already a few billion dollars in bad loans and bankruptcies.