Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:35 PM

GasBuddy News Article

45
votes
Oil prices jump after roller-coaster week

AFP -- Oil: Prices see-sawed this week as traders tracked supply-side worries and concerns over the global demand outlook, but finished with a strong push higher.
Brent spiked above $100 on Monday as Norway’s oil industry appeared headed for a labour lockout in the the world’s eighth biggest crude producer.
The market slumped on Tuesday by more than $2.0 after Norway halted the oil workers’ strike that threatened production, while news of weak Chinese crude imports also stoked demand concerns.
Crude futures then rebounded Wednesday on bargain hunting and as traders digested an upbeat US energy inventories report.
The US Energy Information Administration (EIA) said American crude oil inventories slumped by almost 4.7 million barrels in the week ending July 6.
That was much larger than market expec

Read the Full Article

Submitted Jul 15, 2012 By: NO_SWEAT
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices jump after roller-coaster week Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,650
Points:1,612,445
Joined:Nov 2008
Message Posted: Jul 18, 2012 5:07:34 AM
 Ignore honda0105 Report Abuse

apparently, Pig Oil didn't make enough profits when prices dropped under 2.90/ gal. Back up to 3.20+ now.
Profile Pic
unclemattie
Veteran Author Atlanta

Posts:289
Points:460,955
Joined:Oct 2011
Message Posted: Jul 17, 2012 9:27:43 AM
 Ignore unclemattie Report Abuse

Great!
Profile Pic
sparky808
Champion Author Honolulu

Posts:3,013
Points:600,660
Joined:Sep 2011
Message Posted: Jul 16, 2012 12:31:39 PM
 Ignore sparky808 Report Abuse

Thank you for posting.
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:3,463
Points:842,510
Joined:Nov 2009
Message Posted: Jul 16, 2012 9:50:38 AM
 Ignore doctorindyj Report Abuse

They just can't keep the lies straight. A couple of weeks ago oil was going to stockpile while decreased refinery capacity was going to lower distillate inventories.
Profile Pic
5kvdave
All-Star Author Los Angeles

Posts:688
Points:350,000
Joined:May 2011
Message Posted: Jul 16, 2012 2:28:31 AM
 Ignore 5kvdave Report Abuse

SUCH B.S.
Profile Pic
1fulltank
Champion Author Buffalo

Posts:7,918
Points:1,547,235
Joined:Nov 2008
Message Posted: Jul 16, 2012 12:22:48 AM
 Ignore 1fulltank Report Abuse

Already seeing the price reflected at the pumps.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:3,277
Points:591,330
Joined:Sep 2011
Message Posted: Jul 16, 2012 12:21:40 AM
 Ignore SparkieMi Report Abuse

No surprise.... Whatever they can get away with!!!
Profile Pic
sprocketsplines
Champion Author Washington

Posts:1,697
Points:863,565
Joined:Oct 2010
Message Posted: Jul 16, 2012 12:20:02 AM
 Ignore sprocketsplines Report Abuse

Somebody is making a pile of money on the price swings...
Profile Pic
srchr
Champion Author San Jose

Posts:7,264
Points:1,622,000
Joined:Apr 2008
Message Posted: Jul 16, 2012 12:19:33 AM
 Ignore srchr Report Abuse

election coming up
Profile Pic
gumbyrex
Champion Author Fresno

Posts:3,311
Points:761,990
Joined:Mar 2011
Message Posted: Jul 16, 2012 12:17:38 AM
 Ignore gumbyrex Report Abuse

So what else is new...
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:14,929
Points:1,594,150
Joined:Jul 2008
Message Posted: Jul 16, 2012 12:16:39 AM
 Ignore RENEGADEGAS Report Abuse

Surprise, Surprise!
Profile Pic
prius22
Champion Author Twin Cities

Posts:2,229
Points:391,235
Joined:Apr 2012
Message Posted: Jul 16, 2012 12:14:14 AM
 Ignore prius22 Report Abuse

Of course.
Profile Pic
Thomtec
Champion Author Nashville

Posts:2,484
Points:611,070
Joined:May 2011
Message Posted: Jul 16, 2012 12:14:13 AM
 Ignore Thomtec Report Abuse

So it's happened before
Profile Pic
JBL2
Champion Author Little Rock

Posts:2,551
Points:1,065,905
Joined:Sep 2008
Message Posted: Jul 16, 2012 12:13:51 AM
 Ignore JBL2 Report Abuse

bla bla bla -- still a ripoff any way you look at it
Profile Pic
Focus2
Champion Author Illinois

Posts:7,896
Points:1,920,520
Joined:Mar 2006
Message Posted: Jul 16, 2012 12:09:39 AM
 Ignore Focus2 Report Abuse

The way things are set up the consumer can't win.
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,019
Points:428,710
Joined:Apr 2011
Message Posted: Jul 16, 2012 12:07:58 AM
 Ignore Is246 Report Abuse

A big hike, no surprise.
Profile Pic
rd2000
Champion Author Florida

Posts:3,587
Points:689,920
Joined:Jul 2007
Message Posted: Jul 16, 2012 12:07:01 AM
 Ignore rd2000 Report Abuse

we are still getting ripped off at the pumps.
Profile Pic
Ron77095
Champion Author Houston

Posts:3,075
Points:605,600
Joined:Sep 2011
Message Posted: Jul 16, 2012 12:03:24 AM
 Ignore Ron77095 Report Abuse

Ugh.
Profile Pic
miser709
Champion Author Grand Rapids

Posts:1,268
Points:1,072,550
Joined:Mar 2004
Message Posted: Jul 16, 2012 12:01:47 AM
 Ignore miser709 Report Abuse

It doesn't matter if oil is up or down. Pump prices just go up.
Profile Pic
danol43
Champion Author Modesto

Posts:1,705
Points:591,690
Joined:May 2011
Message Posted: Jul 15, 2012 11:59:10 PM
 Ignore danol43 Report Abuse

More speculation...
Profile Pic
langolera
Champion Author Akron

Posts:1,776
Points:668,905
Joined:Sep 2005
Message Posted: Jul 15, 2012 11:57:32 PM
 Ignore langolera Report Abuse

like i said before, I sneezed, not it's going up again. whatever!!!!!!!!!!
Profile Pic
gasper
Champion Author Edmonton

Posts:4,495
Points:1,370,385
Joined:Mar 2002
Message Posted: Jul 15, 2012 11:57:28 PM
 Ignore gasper Report Abuse

They look at whats happing in with Iran and that is what they are hoping and speculating on a conflict with Iran and The USA.
Profile Pic
TBONE3
Champion Author Pennsylvania

Posts:8,761
Points:1,979,575
Joined:Mar 2005
Message Posted: Jul 15, 2012 11:57:00 PM
 Ignore TBONE3 Report Abuse

Just another day in the "How Can We Gouge the customer?" process!
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:8,313
Points:1,905,055
Joined:Jul 2007
Message Posted: Jul 15, 2012 11:54:54 PM
 Ignore Rageagainsttm Report Abuse

sure
Profile Pic
Zonk
Champion Author Michigan

Posts:6,496
Points:2,105,690
Joined:Oct 2005
Message Posted: Jul 15, 2012 11:54:43 PM
 Ignore Zonk Report Abuse

Prices are always on a roller coaster.
Profile Pic
THZebra
Champion Author Indiana

Posts:1,937
Points:655,270
Joined:Nov 2008
Message Posted: Jul 15, 2012 11:50:56 PM
 Ignore THZebra Report Abuse

Falling US dollar=Higher oil Prices.
Profile Pic
seahawks
Champion Author Washington

Posts:3,232
Points:1,964,720
Joined:Sep 2005
Message Posted: Jul 15, 2012 11:49:17 PM
 Ignore seahawks Report Abuse

greed at work!!!
Profile Pic
carman11
Champion Author North Carolina

Posts:3,353
Points:694,650
Joined:Jun 2011
Message Posted: Jul 15, 2012 11:48:32 PM
 Ignore carman11 Report Abuse

Up and Down.
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:3,237
Points:820,645
Joined:Sep 2009
Message Posted: Jul 15, 2012 11:46:10 PM
 Ignore mcmonsta Report Abuse

speculators manipulating...
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,182
Points:1,250,925
Joined:Sep 2005
Message Posted: Jul 15, 2012 11:45:06 PM
 Ignore jtfftj Report Abuse

Speculators coming back from vacation, maybe even at New Hampshire Motor Speedway for NASCAR this weekend.
Profile Pic
Go_E85
Champion Author Orange County

Posts:2,234
Points:174,805
Joined:Dec 2007
Message Posted: Jul 15, 2012 11:44:10 PM
 Ignore Go_E85 Report Abuse

brought to you by Salivating speculators.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:10,911
Points:2,134,530
Joined:Apr 2007
Message Posted: Jul 15, 2012 11:42:39 PM
 Ignore pgerassi Report Abuse

SSDW.
Profile Pic
kbrown72
Rookie Author Oklahoma

Posts:96
Points:236,990
Joined:Jun 2012
Message Posted: Jul 15, 2012 11:41:42 PM
 Ignore kbrown72 Report Abuse

Buckle up!
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:8,186
Points:1,933,405
Joined:Feb 2007
Message Posted: Jul 15, 2012 11:38:00 PM
 Ignore mfeldstein Report Abuse

Hopefully back down this week.
Profile Pic
10k
Champion Author North Carolina

Posts:21,276
Points:2,256,945
Joined:May 2006
Message Posted: Jul 15, 2012 11:34:44 PM
 Ignore 10k Report Abuse

i agree rob-DHAN..
Profile Pic
Soglaos
Champion Author Virginia Beach

Posts:2,771
Points:742,655
Joined:Feb 2011
Message Posted: Jul 15, 2012 11:34:41 PM
 Ignore Soglaos Report Abuse

ok
Profile Pic
jimpeel
Veteran Author Colorado

Posts:462
Points:107,840
Joined:Mar 2005
Message Posted: Jul 15, 2012 11:33:57 PM
 Ignore jimpeel Report Abuse

Haven't seen it here yet.
Profile Pic
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:775,785
Joined:Dec 2010
Message Posted: Jul 15, 2012 11:33:52 PM
 Ignore pastorpaulcg Report Abuse

Ok
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:3,178
Points:675,560
Joined:Jun 2011
Message Posted: Jul 15, 2012 11:33:38 PM
 Ignore TheeRedRam Report Abuse

Go figure
Profile Pic
shores4now
Champion Author Kentucky

Posts:2,421
Points:526,725
Joined:Jul 2009
Message Posted: Jul 15, 2012 11:32:17 PM
 Ignore shores4now Report Abuse

Ok
Profile Pic
jrschl
Champion Author Louisville

Posts:2,982
Points:683,990
Joined:Jun 2011
Message Posted: Jul 15, 2012 11:32:10 PM
 Ignore jrschl Report Abuse

WooPee! Sounds awesome.
Profile Pic
southrob
Champion Author Tucson

Posts:3,615
Points:691,100
Joined:Mar 2011
Message Posted: Jul 15, 2012 11:30:42 PM
 Ignore southrob Report Abuse

nice dhan to make um lower
Profile Pic
ericbcire
Champion Author Nevada

Posts:4,535
Points:1,270,410
Joined:Aug 2009
Message Posted: Jul 15, 2012 11:30:02 PM
 Ignore ericbcire Report Abuse

Prices must drop or the economy will worsen.
Profile Pic
granitestater
Champion Author New Hampshire

Posts:8,836
Points:1,432,700
Joined:Oct 2008
Message Posted: Jul 15, 2012 11:29:36 PM
 Ignore granitestater Report Abuse

Don't sweat the small stuff...
Profile Pic
Cheney
Champion Author Toronto

Posts:2,025
Points:2,536,945
Joined:May 2004
Message Posted: Jul 15, 2012 11:29:34 PM
 Ignore Cheney Report Abuse

simply amazing!
Profile Pic
bobdec
Champion Author Miami

Posts:8,979
Points:1,772,745
Joined:May 2008
Message Posted: Jul 15, 2012 11:28:41 PM
 Ignore bobdec Report Abuse

They always find a way to stick it to us
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,214
Points:558,480
Joined:Mar 2006
Message Posted: Jul 15, 2012 11:28:29 PM
 Ignore Dodge_Me Report Abuse

They'll be back down soon when people are done with vacations and they're not selling as much, inventories will increase and they will have to move the gas since it has an expiration date. Or something like that... :-)
Profile Pic
PrinceLH
Champion Author Ontario

Posts:2,707
Points:540,970
Joined:Jun 2011
Message Posted: Jul 15, 2012 11:27:47 PM
 Ignore PrinceLH Report Abuse

Robbing bastards!
Profile Pic
DandyDapple
All-Star Author North Dakota

Posts:715
Points:313,070
Joined:Sep 2008
Message Posted: Jul 15, 2012 11:27:25 PM
 Ignore DandyDapple Report Abuse

no surprise there ...
Profile Pic
Signfool
Champion Author Omaha

Posts:5,981
Points:1,467,845
Joined:May 2008
Message Posted: Jul 15, 2012 11:25:39 PM
 Ignore Signfool Report Abuse

Here we go...
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"