Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:26 AM

GasBuddy News Article

52
votes
Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth

foxnews -- Oil prices were slightly lower Thursday as reports of a moderately improving U.S. economy, which suggests increased fuel consumption, were neutralized by growing crude supplies.

Benchmark oil for April delivery was down 12 cents to $90.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $90.43 per barrel on the Nymex on Wednesday.

The death on Tuesday of President Hugo Chavez of Venezuela, which sits on the world's second-largest oil reserves, has had little immediate effect on the price of oil so far.

Chavez oversaw a decline in oil production during his 14 years as the leader of Venezuela. Traders are anxious to see if the new government invites foreign investment in Venezuela's oil industry and is


Read the Full Article

Submitted Mar 07, 2013 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,384
Points:2,436,280
Joined:Mar 2003
Message Posted: Mar 9, 2013 3:35:44 AM

Who wants to buy overpriced gasoline?
Profile Pic
jtravis711
Veteran Author Orange County

Posts:276
Points:455,910
Joined:Feb 2011
Message Posted: Mar 8, 2013 9:38:56 AM

Combine more US production, conversion to natural gas in large equipment and trucks, more refining capacity and more development in producing cheaper electricy and we could be on our way to energy independence.
Profile Pic
rrs517
Champion Author Colorado

Posts:3,528
Points:948,000
Joined:Apr 2006
Message Posted: Mar 8, 2013 6:59:21 AM

Moderate economic growth? Does this guy live under a rock?
Profile Pic
tomok
Champion Author Portland

Posts:43,798
Points:2,951,385
Joined:Aug 2006
Message Posted: Mar 8, 2013 1:26:36 AM

Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth. But, fuel prices at the pump will not go down anytime soon with this crappy economy.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first before exporting and selling our fuel or oil!
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,484
Points:992,455
Joined:Jun 2005
Message Posted: Mar 8, 2013 12:36:22 AM

Good news
Profile Pic
bcok
Champion Author Los Angeles

Posts:3,254
Points:1,968,540
Joined:Oct 2005
Message Posted: Mar 8, 2013 12:22:25 AM

prices dropping but not fast enough.
Profile Pic
lesndave
Champion Author Texas

Posts:5,514
Points:1,299,095
Joined:May 2011
Message Posted: Mar 7, 2013 11:21:15 PM

Please tell me where the gas prices are down...!..!...!!
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,364
Points:993,265
Joined:Mar 2012
Message Posted: Mar 7, 2013 11:10:29 PM

Oil price rises as US economy seen strengthening
Profile Pic
ClassicWheeler
Champion Author Montgomery

Posts:3,166
Points:911,000
Joined:Apr 2012
Message Posted: Mar 7, 2013 11:09:31 PM

We still have higher prices than we are suppose to have. Way too high!
Profile Pic
regout
Champion Author Quebec

Posts:5,520
Points:1,431,730
Joined:May 2010
Message Posted: Mar 7, 2013 11:08:59 PM

For how long?
Profile Pic
silverfox63
Champion Author Michigan

Posts:10,494
Points:2,165,000
Joined:Oct 2008
Message Posted: Mar 7, 2013 11:08:29 PM

Old and stale news.
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:11,094
Points:2,234,245
Joined:Sep 2005
Message Posted: Mar 7, 2013 11:08:16 PM

Only thing is my savings.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,153
Points:1,132,840
Joined:Nov 2011
Message Posted: Mar 7, 2013 11:07:00 PM

I honestly don't know what to make of some of these news articles.
Profile Pic
sawdust1825
Champion Author Illinois

Posts:3,399
Points:1,035,630
Joined:Sep 2011
Message Posted: Mar 7, 2013 11:06:37 PM

I am surprised the pump price didn't jump after this news.
Profile Pic
1fulltank
Champion Author Buffalo

Posts:10,284
Points:2,112,815
Joined:Nov 2008
Message Posted: Mar 7, 2013 11:06:08 PM

Oil may be down, but gas is not.
Profile Pic
Tsunamiron
Champion Author Jacksonville

Posts:3,906
Points:1,153,250
Joined:Mar 2011
Message Posted: Mar 7, 2013 11:05:20 PM

Down? I paid $3.12 per gallon in January. Two months later I am paying $3.72 per gallon. Prices are down? I am paying an average of 1 cent more per day.
Profile Pic
Chadgas
Champion Author Missouri

Posts:3,469
Points:2,756,715
Joined:Feb 2006
Message Posted: Mar 7, 2013 11:04:58 PM

If you say so.
Profile Pic
jrschl
Champion Author Louisville

Posts:5,569
Points:1,285,715
Joined:Jun 2011
Message Posted: Mar 7, 2013 11:04:04 PM

I love how the article below this one says process are up.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,442
Points:1,369,935
Joined:Mar 2011
Message Posted: Mar 7, 2013 11:02:08 PM

one article says down, the very next one up...
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,716
Points:1,797,415
Joined:Sep 2005
Message Posted: Mar 7, 2013 11:01:21 PM

This is a joke from a Saturday Night Live skit, right????
Profile Pic
sjhman
Veteran Author Atlanta

Posts:429
Points:758,675
Joined:Sep 2008
Message Posted: Mar 7, 2013 11:00:49 PM

Here we go, let's keep 'em moving!
Profile Pic
Vette1967
Champion Author Albany

Posts:8,570
Points:1,881,745
Joined:Jun 2009
Message Posted: Mar 7, 2013 10:58:54 PM

Got to go down a lot more.
Profile Pic
69Bonne
Champion Author Gary

Posts:3,057
Points:935,870
Joined:Sep 2005
Message Posted: Mar 7, 2013 10:58:48 PM

Good, now let's get gas prices down significantly
Profile Pic
prassu2012
Champion Author Illinois

Posts:3,027
Points:738,620
Joined:Dec 2012
Message Posted: Mar 7, 2013 10:56:40 PM

not sure
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:5,723
Points:1,174,905
Joined:Sep 2011
Message Posted: Mar 7, 2013 10:54:40 PM

Need to build more more refiners!!!
Profile Pic
grt197
Champion Author Illinois

Posts:2,141
Points:511,130
Joined:Jan 2013
Message Posted: Mar 7, 2013 10:54:12 PM

not sure
Profile Pic
lasriog
Veteran Author Texas

Posts:260
Points:802,150
Joined:Jan 2012
Message Posted: Mar 7, 2013 10:53:33 PM

One article says oil prices up the other says price is down
Profile Pic
bvrbill
Champion Author Eugene

Posts:7,161
Points:1,122,825
Joined:Jul 2011
Message Posted: Mar 7, 2013 10:48:27 PM

Prices still rising at the pump, here.
Profile Pic
yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:47:56 PM

more refiners would solve it
Profile Pic
skybiker
Champion Author South Carolina

Posts:9,120
Points:2,118,695
Joined:Jul 2008
Message Posted: Mar 7, 2013 10:47:13 PM

No drop in prices here inSC...
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,917
Points:2,372,495
Joined:Apr 2008
Message Posted: Mar 7, 2013 10:46:20 PM

The speculator driven run up in prices has fizzled as reality intrudes.

Needs to drop another $10 per barrel, minimum.
Profile Pic
OGW
Champion Author London

Posts:6,975
Points:2,056,260
Joined:Sep 2005
Message Posted: Mar 7, 2013 10:46:01 PM

not for long, oil prices rose again today!
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,275
Points:1,406,510
Joined:Oct 2006
Message Posted: Mar 7, 2013 10:45:49 PM

Good!!!
Profile Pic
camel1
Champion Author Minnesota

Posts:10,827
Points:2,858,940
Joined:Jul 2006
Message Posted: Mar 7, 2013 10:44:55 PM

good
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:7,016
Points:1,313,895
Joined:Apr 2008
Message Posted: Mar 7, 2013 10:39:46 PM

good.
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,116
Points:776,725
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:39:39 PM

Not here, prices still going up.
Profile Pic
weenoo215
Champion Author Illinois

Posts:2,072
Points:280,765
Joined:Jan 2013
Message Posted: Mar 7, 2013 10:36:50 PM

ok
Profile Pic
F34RL3SSNIT3
Veteran Author Austin

Posts:412
Points:90,465
Joined:Mar 2013
Message Posted: Mar 7, 2013 10:36:41 PM

okay
Profile Pic
PrettyLittleLady
Champion Author Modesto

Posts:6,010
Points:2,476,975
Joined:May 2006
Message Posted: Mar 7, 2013 10:36:05 PM

Hoo-Humm..
Profile Pic
gasmack
Champion Author Ventura

Posts:3,573
Points:1,218,770
Joined:Feb 2011
Message Posted: Mar 7, 2013 10:34:34 PM

OK.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,537
Points:2,238,465
Joined:Jan 2008
Message Posted: Mar 7, 2013 10:33:32 PM

moderate growth?
Sounds like some people smoking Weed came up with this one
Profile Pic
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,770
Joined:May 2009
Message Posted: Mar 7, 2013 10:31:55 PM

Still high here.
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:374,150
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:31:47 PM

here we go
Profile Pic
JimL1
Champion Author Phoenix

Posts:10,576
Points:1,768,545
Joined:Jul 2003
Message Posted: Mar 7, 2013 10:30:15 PM

Another article posted here also today says: "Oil price rises as US economy seen strengthening." Which is correct, or are they both wrong together?
Profile Pic
JagXKR
Champion Author British Columbia

Posts:5,691
Points:1,692,585
Joined:Dec 2009
Message Posted: Mar 7, 2013 10:30:08 PM

Just shows that we should stop looking at oil futures and only look at gasoline futures as oil does not correlate to pump prices.
Profile Pic
NorthglennBill
Champion Author Denver

Posts:9,901
Points:2,058,575
Joined:Oct 2008
Message Posted: Mar 7, 2013 10:27:26 PM

Prices are still way to high.
Profile Pic
Carol7777
Champion Author Houston

Posts:100,639
Points:752,395
Joined:Dec 2012
Message Posted: Mar 7, 2013 10:22:30 PM

Hope it keeps decreasing our gas prices . . .
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:11,394
Points:2,445,230
Joined:Aug 2005
Message Posted: Mar 7, 2013 10:22:11 PM

OK
Profile Pic
bojiway1
Champion Author Minnesota

Posts:4,556
Points:1,069,445
Joined:Dec 2011
Message Posted: Mar 7, 2013 10:14:49 PM

Ok
Profile Pic
silvereb
Champion Author South Carolina

Posts:2,204
Points:801,930
Joined:May 2011
Message Posted: Mar 7, 2013 10:09:57 PM

Not a big enough move to bring our prices down.
Post a reply Back to Topics