Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:37 AM

GasBuddy News Article

43
votes
Crude Settles Down at $91.37 a Barrel, Lowest Since Aug. 2

Rig Zone -- Crude-oil futures settled Tuesday at a near-two-month low of $91.37 a barrel amid concerns over weak demand and rising inventories.

Prices shed early strong gains above $93 a barrel, as a jump in U.S. consumer confidence failed to hold buyers' interest in a market expecting another rise in already high U.S. oil inventories.

Crude hit its session low of $91.10 a barrel late in the final hour of trading after Federal Reserve Bank of Philadelphia President Charles Plosser expressed doubts that the Fed's new bond-buying program would stimulate economic recovery, and losses in equities deepened. Mr. Plosser, a longtime policy hawk, isn't a 2012 member of the Fed's policy-making board, but his comments played into market doubts about the prospects for economic recovery.



Read the Full Article

Submitted Sep 26, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Settles Down at $91.37 a Barrel, Lowest Since Aug. 2 Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,320
Points:2,439,915
Joined:Nov 2008
Message Posted: Oct 3, 2012 11:00:36 PM

I agree.. way too high.
zaq001
Champion Author Atlanta

Posts:7,373
Points:2,302,535
Joined:Oct 2008
Message Posted: Sep 26, 2012 2:00:22 PM

Still at least $20 too high
nickatnite
Veteran Author Indianapolis

Posts:373
Points:877,725
Joined:May 2012
Message Posted: Sep 26, 2012 12:36:43 PM

ok
Tehbob
Champion Author California

Posts:5,322
Points:1,228,475
Joined:Jan 2012
Message Posted: Sep 26, 2012 11:11:29 AM

YEP!
geezrtek
Champion Author Michigan

Posts:5,268
Points:926,650
Joined:Apr 2011
Message Posted: Sep 26, 2012 10:46:41 AM

Sad that we are happy about $91 oil.
RapMassaG
Champion Author Cincinnati

Posts:3,679
Points:1,684,040
Joined:Oct 2008
Message Posted: Sep 26, 2012 10:44:21 AM

12 cents..
RapMassaG
Champion Author Cincinnati

Posts:3,679
Points:1,684,040
Joined:Oct 2008
Message Posted: Sep 26, 2012 10:44:08 AM

Make that 10 cents. Up 2 cents in 2 minutes.
RapMassaG
Champion Author Cincinnati

Posts:3,679
Points:1,684,040
Joined:Oct 2008
Message Posted: Sep 26, 2012 10:42:46 AM

Market snapshot:
Right now, oil is down $1.81, yet gas(RBOB) is UP 8 cents.

Thanks Goldman Sachs and JP Morgan.

[Edited by: RapMassaG at 9/26/2012 11:43:35 AM EST]
treehood
Champion Author San Diego

Posts:5,459
Points:1,229,485
Joined:May 2011
Message Posted: Sep 26, 2012 10:34:55 AM

I hope to see lower prices but I am not expecting them to drop below $3.50 any time soon in my area.
Zeke33
Champion Author New Hampshire

Posts:7,834
Points:2,164,975
Joined:Sep 2005
Message Posted: Sep 26, 2012 10:32:41 AM

Keep settling. Gas Buddy says gas prices are falling. My question is where? Not around here.
NorthglennBill
Champion Author Denver

Posts:10,666
Points:2,262,200
Joined:Oct 2008
Message Posted: Sep 26, 2012 9:53:22 AM

Be nice to see the price of gasoline drop now.
Sneakers55
Champion Author Houston

Posts:64,584
Points:2,839,865
Joined:Nov 2005
Message Posted: Sep 26, 2012 9:46:37 AM

On Sep 26, 2012 9:28:11 AM, snakebitef22 wrote:

>Before Obama gets run out of office you mean....

I'm not voting for him, but Obama now has a lead in every single one of the swing states.
Don20
Champion Author Oklahoma City

Posts:13,022
Points:3,415,085
Joined:Mar 2005
Message Posted: Sep 26, 2012 9:36:16 AM

Oil should be about $30 a barrel, and gas at pump $1.50.. Lets face it the high price for gas is killing any recovery in the economy.. If it does not stop soon we are going to be in a deep depression... Remember this when you vote Nov 6.....

[Edited by: Don20 at 9/26/2012 10:38:13 AM EST]
TBecker1415
Champion Author Missouri

Posts:1,673
Points:378,825
Joined:Nov 2011
Message Posted: Sep 26, 2012 9:34:43 AM

ok
snakebitef22
All-Star Author Corpus Christi

Posts:899
Points:64,985
Joined:Mar 2009
Message Posted: Sep 26, 2012 9:28:11 AM

Before Obama gets run out of office you mean....
arnerator
Champion Author Seattle

Posts:11,509
Points:2,433,290
Joined:Sep 2008
Message Posted: Sep 26, 2012 9:27:56 AM

Where are the price drops ?? As usual, quick to go up, sloooooow to come down. Ripoff !!!!!
scu227
Champion Author New Haven

Posts:8,901
Points:1,581,630
Joined:Feb 2011
Message Posted: Sep 26, 2012 9:27:24 AM

Come on down and down some more !!!
techque
Champion Author St. Louis

Posts:11,793
Points:2,940,440
Joined:Apr 2005
Message Posted: Sep 26, 2012 9:25:20 AM

but gasoline is still 140ยข/gallon higher than two years ago.
BigOyl
Champion Author Wichita

Posts:3,251
Points:1,113,275
Joined:Apr 2012
Message Posted: Sep 26, 2012 9:24:41 AM

The oil companies are going to get every penny they can before Oblamer drives them out of business...
dacofa
Champion Author Nevada

Posts:5,551
Points:1,227,930
Joined:Jan 2010
Message Posted: Sep 26, 2012 9:24:38 AM

As prices rise at the pumps, film at 11
snakebitef22
All-Star Author Corpus Christi

Posts:899
Points:64,985
Joined:Mar 2009
Message Posted: Sep 26, 2012 9:23:00 AM

$3.32 in texas
Diesel_Ram
Champion Author Dallas

Posts:9,733
Points:2,323,400
Joined:Jan 2009
Message Posted: Sep 26, 2012 9:22:57 AM

Pump prices have hardly moved.
nskmda
Champion Author Grand Rapids

Posts:1,933
Points:897,570
Joined:May 2007
Message Posted: Sep 26, 2012 9:22:34 AM

so what?
gas doesn't drop...
snakebitef22
All-Star Author Corpus Christi

Posts:899
Points:64,985
Joined:Mar 2009
Message Posted: Sep 26, 2012 9:22:27 AM

Don't think so they will go down when exon has has no presidential allie...
rippertoo
Champion Author Tacoma

Posts:9,150
Points:1,953,135
Joined:Jan 2010
Message Posted: Sep 26, 2012 9:22:05 AM

Whatever.
tomklo
Champion Author Fort Worth

Posts:3,174
Points:3,354,995
Joined:Jul 2002
Message Posted: Sep 26, 2012 9:21:59 AM

ok
dlzastera
Champion Author Minnesota

Posts:7,738
Points:1,810,220
Joined:Mar 2006
Message Posted: Sep 26, 2012 9:21:54 AM

and prices for gas are at $3.90 a gallon.
Holly123
Champion Author Charlotte

Posts:6,112
Points:1,591,975
Joined:Dec 2010
Message Posted: Sep 26, 2012 9:20:14 AM

It's sickening.
dirtydiesel10
Champion Author Colorado Springs

Posts:1,162
Points:232,760
Joined:Dec 2010
Message Posted: Sep 26, 2012 9:20:01 AM

It will not be lowest at the pump
VernonOR
Champion Author Oregon

Posts:6,054
Points:1,520,525
Joined:Aug 2010
Message Posted: Sep 26, 2012 9:19:26 AM

High price at the pump are here to stay.
driveonby1
Champion Author Toledo

Posts:2,078
Points:403,535
Joined:Jun 2007
Message Posted: Sep 26, 2012 9:19:13 AM

But, watch the positive messages over the next five weeks; then, prices will speculate up...due to the election.
40mpgsaturn
Champion Author Wisconsin

Posts:4,425
Points:1,145,800
Joined:Jun 2011
Message Posted: Sep 26, 2012 9:19:12 AM

Now if gas would come down! We are .39 higher than last year & .61 higher than the July low!!
tauro514
Champion Author Connecticut

Posts:6,164
Points:2,594,020
Joined:Oct 2006
Message Posted: Sep 26, 2012 9:19:12 AM

good.
Black Wagon
Champion Author Illinois

Posts:10,195
Points:2,450,600
Joined:Mar 2004
Message Posted: Sep 26, 2012 9:19:11 AM

That's why our gas went up to $3.99 on Monday.
INBwana
Champion Author Indiana

Posts:14,754
Points:1,506,465
Joined:Apr 2011
Message Posted: Sep 26, 2012 9:18:57 AM


It will go up again. Up and down, down an up. That is the norm.
bart_reed
Champion Author Los Angeles

Posts:7,369
Points:1,608,640
Joined:Mar 2011
Message Posted: Sep 26, 2012 9:17:55 AM

Well, gas will go down 2 cents next month!
Cellsite
Champion Author Appleton

Posts:3,986
Points:958,415
Joined:Jun 2012
Message Posted: Sep 26, 2012 9:17:42 AM

Crude settles down, Gasoline prices keep settling up.
truckpdlr
Champion Author Tucson

Posts:6,090
Points:1,897,115
Joined:Sep 2009
Message Posted: Sep 26, 2012 9:15:38 AM

Crude prices come on down
Red7002011
Champion Author Mississippi

Posts:6,704
Points:1,477,350
Joined:Jul 2011
Message Posted: Sep 26, 2012 9:15:36 AM

Really!
greenfog
Champion Author Illinois

Posts:9,842
Points:2,437,385
Joined:Feb 2008
Message Posted: Sep 26, 2012 9:15:14 AM

prices here have come down to 3.61 and holding, when they start holding then it means we are due for a price gouge. i am sure it will happen later today.
stopforgas
Champion Author Mississippi

Posts:3,054
Points:1,123,290
Joined:Jun 2011
Message Posted: Sep 26, 2012 9:14:48 AM

So why is gasoline still high? When crude goes up, gasoline jumps immediately.
midnightsdc
Champion Author Ontario

Posts:4,469
Points:2,146,920
Joined:Jan 2007
Message Posted: Sep 26, 2012 9:13:23 AM

Keep settling!!
inspiretl
Veteran Author New Jersey

Posts:417
Points:169,730
Joined:May 2012
Message Posted: Sep 26, 2012 9:12:42 AM

need it lower
nanu4u21
Champion Author Orange County

Posts:2,042
Points:935,005
Joined:Aug 2012
Message Posted: Sep 26, 2012 9:12:02 AM

Hardly care anymore
RUNNINONEMPTYFL
Champion Author Florida

Posts:1,463
Points:522,100
Joined:May 2011
Message Posted: Sep 26, 2012 9:11:18 AM

Here we go again...
Guapo29
All-Star Author Michigan

Posts:857
Points:108,840
Joined:Jan 2010
Message Posted: Sep 26, 2012 9:10:21 AM

And gasoline settle up to $3.96 per gallon!!!!
niceguytx
Champion Author Houston

Posts:17,026
Points:3,530,805
Joined:Sep 2005
Message Posted: Sep 26, 2012 9:10:17 AM

That is great!
OaklandInvaders
Champion Author San Jose

Posts:5,862
Points:1,391,570
Joined:Jul 2011
Message Posted: Sep 26, 2012 9:09:48 AM

Great!!! I'm carpooling to work doing my part!!!!!
zdcatc12
Champion Author San Antonio

Posts:2,158
Points:1,397,535
Joined:Nov 2010
Message Posted: Sep 26, 2012 9:09:36 AM

Don't count on prices to follow.
JohnLM
Champion Author Orlando

Posts:1,131
Points:698,505
Joined:May 2010
Message Posted: Sep 26, 2012 9:08:39 AM

Drill more. Whine less. It oughta be down to $50 a barrel.
jayrad1957
Champion Author Los Angeles

Posts:26,241
Points:2,417,540
Joined:Nov 2008
Message Posted: Sep 26, 2012 9:08:33 AM

Another excuse will come up soon to kick it back up.
Post a reply Back to Topics