GasBuddy Blog

GasBuddy News Article

votes

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...

Read the Full Article

Submitted Apr 17, 2012 By: PD

Back To News

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Nominal increases in crude oil reflect positive signs for consumers	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First Prev

Last

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
Coben All-Star Author York Posts:688 Points:290,330 Joined:Apr 2011	Message Posted: Apr 18, 2012 8:10:27 AM Ignore Coben Report Abuse If we drilled here more, we wouldn't need to worry about "the production of others"
Car54BC08 Champion Author British Columbia Posts:4,389 Points:1,537,065 Joined:Jun 2008	Message Posted: Apr 18, 2012 8:06:30 AM Ignore Car54BC08 Report Abuse They should be coming down not up!
Tutootin Champion Author Toronto Posts:10,256 Points:3,104,155 Joined:Jun 2004	Message Posted: Apr 18, 2012 8:05:54 AM Ignore Tutootin Report Abuse slvrdo_dsprdo, TOTALLY agree on BOTH your points!!!!!!
deaconjones Champion Author Cleveland Posts:2,254 Points:324,730 Joined:May 2006	Message Posted: Apr 18, 2012 8:04:08 AM Ignore deaconjones Report Abuse HO-HUM....
veemotors All-Star Author Alberta Posts:779 Points:70,685 Joined:Jun 2008	Message Posted: Apr 18, 2012 8:03:30 AM Ignore veemotors Report Abuse Rooting for electric cars!
stevencr Champion Author Ohio Posts:5,792 Points:1,461,490 Joined:Mar 2009	Message Posted: Apr 18, 2012 8:03:02 AM Ignore stevencr Report Abuse The consumers need to see crude down below $60.00 a barrel.
DarthDadJr Champion Author Virginia Posts:7,427 Points:1,545,670 Joined:Jul 2008	Message Posted: Apr 18, 2012 8:02:42 AM Ignore DarthDadJr Report Abuse The price rises...the price falls...repeat.
jimmy544 Champion Author Boston Posts:4,373 Points:680,580 Joined:Feb 2011	Message Posted: Apr 18, 2012 8:02:08 AM Ignore jimmy544 Report Abuse A positive indicator but only one of many. The oil speculators still reign and the big banks are still using bail out money to play the market instead of making loans with it. We need the return of the Glass-Steagal act and another to limit oil market speculation.
Blazer197 Champion Author New Haven Posts:3,240 Points:615,150 Joined:Feb 2009	Message Posted: Apr 18, 2012 8:01:25 AM Ignore Blazer197 Report Abuse Same DOE crap everyweek.
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Apr 18, 2012 8:00:54 AM Ignore eddyp94 Report Abuse I will believe it when I see it...
naiiawah Champion Author Boise Posts:2,520 Points:716,475 Joined:Mar 2011	Message Posted: Apr 18, 2012 7:58:49 AM Ignore naiiawah Report Abuse Repeat article
gbs1 Champion Author Minnesota Posts:2,136 Points:769,325 Joined:Mar 2011	Message Posted: Apr 18, 2012 7:58:47 AM Ignore gbs1 Report Abuse Our lower prices in the Midwest will start to catch up with the rest of the country.
Blue_Cruzer Champion Author Lexington Posts:7,655 Points:1,696,310 Joined:Mar 2007	Message Posted: Apr 18, 2012 7:58:12 AM Ignore Blue_Cruzer Report Abuse Prices go up 10-20 cents at a time,but come down a penny at a time. Can't win.
Wierbe Champion Author Cincinnati Posts:3,887 Points:1,145,840 Joined:Apr 2006	Message Posted: Apr 18, 2012 7:57:52 AM Ignore Wierbe Report Abuse I could sure use some relief.
WaWanderer Champion Author Washington Posts:4,506 Points:612,675 Joined:Oct 2011	Message Posted: Apr 18, 2012 7:56:42 AM Ignore WaWanderer Report Abuse The price of fuel sure goes up fast but it is slow to come down.
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: Apr 18, 2012 7:55:16 AM Ignore cmsense Report Abuse Pump prices in Ohio have decreased.
AmericaSL Veteran Author Utah Posts:312 Points:1,527,115 Joined:Jan 2006	Message Posted: Apr 18, 2012 7:54:38 AM Ignore AmericaSL Report Abuse Gas prices have actually been dropping here the past week or so.
manbig13 Champion Author Cleveland Posts:1,431 Points:557,475 Joined:May 2011	Message Posted: Apr 18, 2012 7:54:18 AM Ignore manbig13 Report Abuse ha! BS
ampinoy13 Champion Author Oregon Posts:36,998 Points:2,676,330 Joined:Jul 2004	Message Posted: Apr 18, 2012 7:52:36 AM Ignore ampinoy13 Report Abuse ...however the oil companies ARE NOT passing on any savings they get on crude to your local dealer therefore big oil can increase their profit margins and pay their CEO's millions of dollars in cash and stock options annually. [Edited by: ampinoy13 at 4/18/2012 10:53:30 AM EST]
indrix All-Star Author Toronto Posts:597 Points:162,815 Joined:Sep 2011	Message Posted: Apr 18, 2012 7:52:03 AM Ignore indrix Report Abuse Is this just a manouvre of the moment?
alphanyr Champion Author Connecticut Posts:5,095 Points:702,475 Joined:Apr 2011	Message Posted: Apr 18, 2012 7:51:59 AM Ignore alphanyr Report Abuse ok
Jamer Champion Author Las Vegas Posts:8,897 Points:1,662,985 Joined:Jul 2002	Message Posted: Apr 18, 2012 7:51:15 AM Ignore Jamer Report Abuse I don't see anything positive for consumers yet.
INBwana Champion Author Indiana Posts:5,702 Points:722,710 Joined:Apr 2011	Message Posted: Apr 18, 2012 7:50:54 AM Ignore INBwana Report Abuse Crude increases, gas stays almost the same. Go Figure! Obozzo's game plan. He should be blowing up balloons with all the hot air he throws around!!!
ByGuy Champion Author Dallas Posts:7,976 Points:1,733,975 Joined:Nov 2005	Message Posted: Apr 18, 2012 7:49:42 AM Ignore ByGuy Report Abuse Could we just have the pump price drop a little, please!
Cableman66 Champion Author North Carolina Posts:2,247 Points:517,585 Joined:May 2011	Message Posted: Apr 18, 2012 7:48:18 AM Ignore Cableman66 Report Abuse Could be good news if it drops the price at the pumps. If the oil storage facility at Cushing is a problem, talk about putting all your eggs/oil in one basket this just might be it.
puinsai808 Champion Author Honolulu Posts:3,697 Points:754,030 Joined:May 2011	Message Posted: Apr 18, 2012 7:47:55 AM Ignore puinsai808 Report Abuse I don't agree.
Rooster922 Champion Author Wilmington Posts:3,920 Points:681,820 Joined:Jan 2009	Message Posted: Apr 18, 2012 7:47:04 AM Ignore Rooster922 Report Abuse great
RamboOn66 Champion Author Tampa Posts:5,446 Points:1,911,530 Joined:Jan 2006	Message Posted: Apr 18, 2012 7:46:56 AM Ignore RamboOn66 Report Abuse What?
TXGasPriceSpy Champion Author Fort Worth Posts:7,952 Points:1,499,000 Joined:Sep 2008	Message Posted: Apr 18, 2012 7:46:46 AM Ignore TXGasPriceSpy Report Abuse The general trend of gas prices is up.
slvrdo_dsprdo Champion Author Nashville Posts:4,788 Points:928,265 Joined:Jul 2008	Message Posted: Apr 18, 2012 7:46:25 AM Ignore slvrdo_dsprdo Report Abuse Can we update the top news stories on a daily basis please? Thank you. Anyway, it's easy to agree to meet if all they're going to do is shake hands and ape for the camera. When the rubber meets the road, are they going to agree to anything? I'm not so sure. They're just buying time to advance their nuclear program.
sramroop Champion Author Birmingham Posts:3,437 Points:765,905 Joined:Jul 2010	Message Posted: Apr 18, 2012 7:45:45 AM Ignore sramroop Report Abuse But we still paying high gas prices.....:(((
letmathe Champion Author Chicago Posts:14,443 Points:3,158,595 Joined:May 2001	Message Posted: Apr 18, 2012 7:44:27 AM Ignore letmathe Report Abuse let's hope so.
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Apr 18, 2012 7:43:50 AM Ignore vizilo Report Abuse we'll see!!
Michaels2011 Champion Author Florida Posts:2,141 Points:106,005 Joined:Apr 2011	Message Posted: Apr 18, 2012 7:43:27 AM Ignore Michaels2011 Report Abuse Gas prices went up here.
teamsimons Champion Author South Carolina Posts:2,576 Points:525,955 Joined:Aug 2011	Message Posted: Apr 18, 2012 7:42:51 AM Ignore teamsimons Report Abuse OK, about those "positive signs": does that mean lower fuel prices?
dinomen Champion Author Arkansas Posts:1,882 Points:718,785 Joined:May 2010	Message Posted: Apr 18, 2012 7:42:30 AM Ignore dinomen Report Abuse Ok.
nozzle46 Champion Author Little Rock Posts:6,761 Points:1,486,845 Joined:Jul 2006	Message Posted: Apr 18, 2012 7:36:51 AM Ignore nozzle46 Report Abuse If they drag this out long enough the crisis may go away.
GrumpyCat Champion Author Alabama Posts:2,752 Points:809,895 Joined:Jun 2009	Message Posted: Apr 18, 2012 7:36:36 AM Ignore GrumpyCat Report Abuse Nominal daily changes mean almost nothing.
Bullseye520 Champion Author Louisville Posts:2,332 Points:694,115 Joined:Apr 2011	Message Posted: Apr 18, 2012 7:35:40 AM Ignore Bullseye520 Report Abuse Old News!
Don20 Champion Author Oklahoma City Posts:9,809 Points:2,646,355 Joined:Mar 2005	Message Posted: Apr 18, 2012 7:35:08 AM Ignore Don20 Report Abuse Yesterdays news...
DimitrisIL Champion Author Chicago Posts:1,538 Points:541,090 Joined:Feb 2011	Message Posted: Apr 18, 2012 7:35:00 AM Ignore DimitrisIL Report Abuse Signs of better prices but too little to make a difference.
smitttygas Rookie Author Ontario Posts:15 Points:11,250 Joined:May 2011	Message Posted: Apr 18, 2012 7:33:23 AM Ignore smitttygas Report Abuse possible hope. but my truck still sits as much as possible.
LostAgain2009 Champion Author New Mexico Posts:2,437 Points:724,605 Joined:Apr 2009	Message Posted: Apr 18, 2012 7:32:37 AM Ignore LostAgain2009 Report Abuse So it's now good news when oil only goes up a few cents?
TallSteve Champion Author Dayton Posts:5,166 Points:1,057,610 Joined:Nov 2006	Message Posted: Apr 18, 2012 7:32:14 AM Ignore TallSteve Report Abuse I'll believe it when I see it at the pump. Trust, but verify.
Sethyl Champion Author Miami Posts:1,889 Points:404,190 Joined:Oct 2009	Message Posted: Apr 18, 2012 7:31:47 AM Ignore Sethyl Report Abuse This looks like yesterday's news, but should be a good sign.
Donatelo Champion Author Dayton Posts:1,168 Points:307,705 Joined:Apr 2011	Message Posted: Apr 18, 2012 7:30:05 AM Ignore Donatelo Report Abuse k
bullseye100 Champion Author New Jersey Posts:2,526 Points:609,055 Joined:Aug 2011	Message Posted: Apr 18, 2012 7:29:57 AM Ignore bullseye100 Report Abuse Does this mean gas prices will return to $2.00 per gallon? hahaha.....NEVER
Cheepo Champion Author Tampa Posts:9,989 Points:3,147,905 Joined:Apr 2003	Message Posted: Apr 18, 2012 7:29:41 AM Ignore Cheepo Report Abuse The only thing that will bring prices down is drill baby drill here and now!!!! It worked for bush!!!!!!!
ANASHA2012 Rookie Author Chicago Posts:3 Points:2,740 Joined:Feb 2012	Message Posted: Apr 18, 2012 7:29:39 AM Ignore ANASHA2012 Report Abuse yeah right