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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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MJIOWA Champion Author Iowa Posts:4,959 Points:1,104,670 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:9,217 Points:2,784,545 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.
JimL1 Champion Author Phoenix Posts:8,314 Points:1,258,495 Joined:Jul 2003	Message Posted: Apr 18, 2012 8:58:35 AM Ignore JimL1 Report Abuse We read and responded to this yesterday.
goalie1950 Champion Author Phoenix Posts:6,545 Points:1,323,145 Joined:Oct 2009	Message Posted: Apr 18, 2012 8:58:06 AM Ignore goalie1950 Report Abuse Ya right !!!
12mpgnavigator Champion Author Seattle Posts:2,839 Points:674,510 Joined:Jun 2009	Message Posted: Apr 18, 2012 8:57:36 AM Ignore 12mpgnavigator Report Abuse prices will go down? I wish
carlm5 Sophomore Author Washington Posts:230 Points:142,705 Joined:Feb 2011	Message Posted: Apr 18, 2012 8:57:09 AM Ignore carlm5 Report Abuse Still not seeing the lower prices at the pump
sydb7 Champion Author Atlanta Posts:3,656 Points:1,941,820 Joined:Mar 2003	Message Posted: Apr 18, 2012 8:56:38 AM Ignore sydb7 Report Abuse I'll believe it when I see it at the pump!!
CrappieFool All-Star Author Alabama Posts:786 Points:593,440 Joined:Apr 2009	Message Posted: Apr 18, 2012 8:53:14 AM Ignore CrappieFool Report Abuse Gee whiz
gasper Champion Author Edmonton Posts:4,580 Points:1,392,835 Joined:Mar 2002	Message Posted: Apr 18, 2012 8:53:08 AM Ignore gasper Report Abuse America is under attack by economics and we are being swallowed up by other countries and government just sits on its thumbs and say we can not do anything about it. This is to me like giving up on the people.
HawaiianGuy Champion Author Idaho Posts:9,660 Points:3,105,615 Joined:May 2003	Message Posted: Apr 18, 2012 8:52:51 AM Ignore HawaiianGuy Report Abuse Don't count on any of this getting passed down to the consumer.
NanookAK Champion Author Anchorage Posts:7,413 Points:1,467,740 Joined:Nov 2007	Message Posted: Apr 18, 2012 8:52:45 AM Ignore NanookAK Report Abuse What? To get "positively" deeper in debt because of high gas prices?
oldiesman Champion Author New York Posts:6,561 Points:2,220,615 Joined:May 2006	Message Posted: Apr 18, 2012 8:50:36 AM Ignore oldiesman Report Abuse Going broke ?
mwo Champion Author Twin Cities Posts:1,653 Points:1,349,035 Joined:Aug 2004	Message Posted: Apr 18, 2012 8:50:20 AM Ignore mwo Report Abuse dynamouse- we have enough. We are EXPORTING our surplus. Time to wake up.
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Apr 18, 2012 8:50:14 AM Ignore briinnc Report Abuse No
dianna1225 Rookie Author Michigan Posts:80 Points:9,765 Joined:Mar 2012	Message Posted: Apr 18, 2012 8:50:03 AM Ignore dianna1225 Report Abuse LMAO and empty my wallet
gknee09 Champion Author Philadelphia Posts:1,001 Points:844,610 Joined:Jul 2009	Message Posted: Apr 18, 2012 8:48:04 AM Ignore gknee09 Report Abuse really? how does an increase help us?
dynamouse Champion Author Michigan Posts:4,584 Points:1,764,875 Joined:Dec 2006	Message Posted: Apr 18, 2012 8:46:46 AM Ignore dynamouse Report Abuse lets drill and get rid of obama
Benz98 Veteran Author Modesto Posts:370 Points:21,285 Joined:Mar 2011	Message Posted: Apr 18, 2012 8:46:26 AM Ignore Benz98 Report Abuse ok
chyguy3 Champion Author Wyoming Posts:2,855 Points:860,590 Joined:Sep 2006	Message Posted: Apr 18, 2012 8:45:06 AM Ignore chyguy3 Report Abuse Wasn't this article here yesterday???And I still don't feel the warm fuzzies. [Edited by: chyguy3 at 4/18/2012 11:45:38 AM EST]
ramshot412 Champion Author Riverside Posts:20,274 Points:2,490,590 Joined:Apr 2004	Message Posted: Apr 18, 2012 8:40:44 AM Ignore ramshot412 Report Abuse Gas prices have gone DOWN 20 cents in the last six weeks around here.
Kato51 Champion Author Atlanta Posts:7,399 Points:2,191,470 Joined:Jul 2005	Message Posted: Apr 18, 2012 8:39:45 AM Ignore Kato51 Report Abuse Lets hope so. Haven't seen much in the past.
Hemi3tc Veteran Author Vancouver Posts:297 Points:301,590 Joined:Feb 2012	Message Posted: Apr 18, 2012 8:38:22 AM Ignore Hemi3tc Report Abuse But more cheap oil at the refineries may mean more gas and lower gas prices.
Hemi3tc Veteran Author Vancouver Posts:297 Points:301,590 Joined:Feb 2012	Message Posted: Apr 18, 2012 8:36:42 AM Ignore Hemi3tc Report Abuse May 17th or around there oil will be heading south to the refineries. Inventory numbers will drop and the price of oil will go up.
kelly1016 Champion Author Victoria Posts:1,953 Points:353,065 Joined:Oct 2011	Message Posted: Apr 18, 2012 8:35:57 AM Ignore kelly1016 Report Abuse Delay tactic fby Iran so they can complete there processing.
flatrock14 Champion Author Michigan Posts:2,785 Points:803,505 Joined:Oct 2010	Message Posted: Apr 18, 2012 8:35:35 AM Ignore flatrock14 Report Abuse again whats nominal
cheli2010 All-Star Author Twin Cities Posts:705 Points:303,220 Joined:Mar 2010	Message Posted: Apr 18, 2012 8:35:32 AM Ignore cheli2010 Report Abuse Instead of Discussions it would be refreshing to see some action to help the people at the pump....
findcheap Champion Author Los Angeles Posts:9,732 Points:2,036,600 Joined:Apr 2007	Message Posted: Apr 18, 2012 8:33:22 AM Ignore findcheap Report Abuse "may"?
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Apr 18, 2012 8:30:19 AM Ignore LCSTEELERBOB Report Abuse no increase is good to me
Holly123 Champion Author Charlotte Posts:3,332 Points:816,710 Joined:Dec 2010	Message Posted: Apr 18, 2012 8:29:14 AM Ignore Holly123 Report Abuse Does it really??
millerin Champion Author Orlando Posts:2,332 Points:487,315 Joined:Jan 2012	Message Posted: Apr 18, 2012 8:28:59 AM Ignore millerin Report Abuse hmmm...
dacofa Champion Author Nevada Posts:5,401 Points:1,173,405 Joined:Jan 2010	Message Posted: Apr 18, 2012 8:28:34 AM Ignore dacofa Report Abuse LMAO and empty my wallet
Digger52 Champion Author Chicago Posts:2,536 Points:874,665 Joined:Aug 2008	Message Posted: Apr 18, 2012 8:28:17 AM Ignore Digger52 Report Abuse Right. . .
RetFireLT Champion Author Kentucky Posts:2,660 Points:171,385 Joined:Mar 2011	Message Posted: Apr 18, 2012 8:27:12 AM Ignore RetFireLT Report Abuse BS.
lightbulbman2008 Champion Author Worcester Posts:420,398 Points:1,614,360 Joined:Oct 2008	Message Posted: Apr 18, 2012 8:26:04 AM Ignore lightbulbman2008 Report Abuse no differences in pump prices yet...
byoftDad Champion Author Columbus Posts:4,452 Points:1,233,375 Joined:Apr 2005	Message Posted: Apr 18, 2012 8:25:54 AM Ignore byoftDad Report Abuse I'll wait and see.
MightyDude Champion Author Minnesota Posts:10,491 Points:2,675,470 Joined:Mar 2003	Message Posted: Apr 18, 2012 8:25:31 AM Ignore MightyDude Report Abuse hope so
GManCo Champion Author Colorado Springs Posts:5,126 Points:977,340 Joined:Sep 2010	Message Posted: Apr 18, 2012 8:24:49 AM Ignore GManCo Report Abuse We have enough of our own oil. We need to drill for it.
woburnspotter2 Veteran Author Boston Posts:480 Points:172,405 Joined:Apr 2007	Message Posted: Apr 18, 2012 8:24:26 AM Ignore woburnspotter2 Report Abuse Iran has been stalling for over 10 years, and this administration seems so naive
rickone All-Star Author Detroit Posts:660 Points:418,025 Joined:May 2004	Message Posted: Apr 18, 2012 8:24:12 AM Ignore rickone Report Abuse Interesting - Thanks for posting.
jeromehasbargen Champion Author Minnesota Posts:3,381 Points:659,975 Joined:Jan 2009	Message Posted: Apr 18, 2012 8:24:09 AM Ignore jeromehasbargen Report Abuse I see nothing positive for consumers when prices are increasing. What is the author of this article smoking?
rf6480 Champion Author Miami Posts:1,583 Points:569,785 Joined:Mar 2011	Message Posted: Apr 18, 2012 8:21:40 AM Ignore rf6480 Report Abuse Make sure WE get ALL your oil and WE won't bomb YOU. The only threat Iran is to US is we may not get their oil. We need to mind our own business. Wake up, Vote Ron Paul 2012.
DrLyon Champion Author Michigan Posts:6,764 Points:1,237,640 Joined:May 2006	Message Posted: Apr 18, 2012 8:20:52 AM Ignore DrLyon Report Abuse Go for alternatives.... [Edited by: DrLyon at 4/18/2012 11:21:47 AM EST]
esorsd Champion Author St. Louis Posts:5,873 Points:1,665,465 Joined:May 2005	Message Posted: Apr 18, 2012 8:20:47 AM Ignore esorsd Report Abuse Good.
q2 Champion Author Alberta Posts:2,169 Points:406,070 Joined:Nov 2008	Message Posted: Apr 18, 2012 8:20:10 AM Ignore q2 Report Abuse ok
JWHITE1937 Champion Author Massachusetts Posts:2,662 Points:1,023,730 Joined:Aug 2006	Message Posted: Apr 18, 2012 8:19:20 AM Ignore JWHITE1937 Report Abuse Fossil fuel will never be in the interest of consumers.
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Apr 18, 2012 8:15:45 AM Ignore bicycler Report Abuse Iran is doing a great stall action!
bluebird1 Champion Author Toronto Posts:15,868 Points:3,133,875 Joined:May 2004	Message Posted: Apr 18, 2012 8:15:33 AM Ignore bluebird1 Report Abuse Price increases do not reflect positive on consumers...period!!!
unicornpmb Champion Author Buffalo Posts:8,626 Points:1,656,240 Joined:Sep 2005	Message Posted: Apr 18, 2012 8:14:56 AM Ignore unicornpmb Report Abuse Only when prices drop at the pump.
Red7002011 Champion Author Mississippi Posts:3,466 Points:695,425 Joined:Jul 2011	Message Posted: Apr 18, 2012 8:14:39 AM Ignore Red7002011 Report Abuse Really!
Senrac Champion Author Lincoln Posts:1,594 Points:307,560 Joined:Mar 2010	Message Posted: Apr 18, 2012 8:12:07 AM Ignore Senrac Report Abuse build new refineries and drill baby drill and we dont need to worry about foreign oil
hibsaw Champion Author Mississippi Posts:8,178 Points:1,708,690 Joined:Feb 2008	Message Posted: Apr 18, 2012 8:11:40 AM Ignore hibsaw Report Abuse stevencr, You are so right.
RabunDog Champion Author Georgia Posts:2,995 Points:1,241,085 Joined:May 2009	Message Posted: Apr 18, 2012 8:10:30 AM Ignore RabunDog Report Abuse yada yada yada