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Author Topic: Oil tops $91 for 1st time since late May Back to Topics
Nitewolf

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Anchorage

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Message Posted: Jul 19, 2012 9:24:37 AM

Published: July 19th, 2012 05:32 AM
Last Modified: July 19th, 2012 06:01 AM

NEW YORK (AP) - Oil prices rose above $91 a barrel for the first time since late May on signs of increased demand in the U.S. and amid rising tensions in the Middle East.

Early in New York, benchmark crude was up $1.56 at $91.43 a barrel. The price has risen about $14 per barrel since oil hit its low for the year three weeks ago.

U.S. drivers are seeing a corresponding increase at the pump. A gallon of regular gas now costs an average of $3.44, up 11 cents from July 1.

The Energy Information Administration reported Wednesday that average oil demand increased last week in the U.S. for the third week in a row. The escalating conflict in Syria and renewed tensions between Iran and Israel are also contributing to
Visit The Associated Press for full article
REPLIES (newest first) Post a Reply
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ObieDog
Champion Author Maryland

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Message Posted: Jul 19, 2012 10:36:20 PM

Hate it !!
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WalkingWV
Champion Author West Virginia

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Message Posted: Jul 19, 2012 4:08:32 PM

34 cent spike at the pump today. boo
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jlf599
Veteran Author Kentucky

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Message Posted: Jul 19, 2012 1:52:46 PM

Speculators are winning the war...
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AskMeLater
Champion Author Amarillo

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Message Posted: Jul 19, 2012 1:13:24 PM

Of course.
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TripleHs
Champion Author Austin

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Message Posted: Jul 19, 2012 12:23:16 PM

speculators are gaining ground
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investmentdr
Champion Author Cleveland

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Message Posted: Jul 19, 2012 12:20:35 PM

nice while it lasted
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PathfinderSC
Champion Author South Carolina

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Message Posted: Jul 19, 2012 11:50:05 AM

Not good.
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xgojim
Champion Author Michigan

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Message Posted: Jul 19, 2012 11:44:34 AM

Folks, oil is a commodity, just like corn (going up too), wheat (up), etc. It's not much different than the stock market, which tends to change on whims and speculation. Count your blessings for the low period. Given the state of our economy, there's no reason to expect a huge demand (price) boost any time soon. But then again, events in the middle east may be perceived as threats to supply and increase oil prices anyway. Does this seem like Las Vegas?
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clpassenubye
Champion Author Los Angeles

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Message Posted: Jul 19, 2012 11:38:04 AM

what?
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Lugi1967
Champion Author Ohio

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Message Posted: Jul 19, 2012 11:29:57 AM

Oh no
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LostInNY
Champion Author New York

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Message Posted: Jul 19, 2012 11:15:24 AM

Party's over!
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schatzila
Champion Author Los Angeles

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Message Posted: Jul 19, 2012 11:05:32 AM

I would've never guessed that could happen.
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BEGTWO
Champion Author Maryland

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Message Posted: Jul 19, 2012 11:04:04 AM

NOT Good! :-(
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fullcirclethink
Champion Author Washington

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Message Posted: Jul 19, 2012 10:56:39 AM

Oh goody!!!!!
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bills299
Champion Author Atlanta

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Message Posted: Jul 19, 2012 10:45:06 AM

This is not good! It's only going to hurt the economy!!
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skinsfan125
Champion Author Virginia

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Message Posted: Jul 19, 2012 10:34:22 AM

every body get ready, were getting ready to take it bigtime.
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Nancy&Len
Champion Author Cleveland

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Message Posted: Jul 19, 2012 10:04:16 AM

Prices at the pump are rising.
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fracknsave
Champion Author Grand Rapids

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Message Posted: Jul 19, 2012 9:58:46 AM

Keeping consumers confused is achieved by using the oil futures yo yo
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ss70
Champion Author Detroit

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Message Posted: Jul 19, 2012 9:58:08 AM

time to control the wild traders .. economy doesnt improve for them to make money .. the demand is really low .
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humblepie
Champion Author Toledo

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Message Posted: Jul 19, 2012 9:47:12 AM

BOHICA..........
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jul 19, 2012 9:45:27 AM

THIS IS BAD NEWS FOR GASOLINE PRICES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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amoshins
Champion Author Trenton

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Message Posted: Jul 19, 2012 9:34:14 AM

Gas prices seem to be going up faster than crude the past 2 weeks
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