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GasBuddy News Article

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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.



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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
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 3, 2012 11:00:36 PM

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

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Message Posted: Sep 26, 2012 2:00:22 PM

Still at least $20 too high
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nickatnite
Veteran Author Indianapolis

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Message Posted: Sep 26, 2012 12:36:43 PM

ok
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Tehbob
Champion Author California

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Message Posted: Sep 26, 2012 11:11:29 AM

YEP!
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geezrtek
Champion Author Michigan

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Joined:Apr 2011
Message Posted: Sep 26, 2012 10:46:41 AM

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

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Message Posted: Sep 26, 2012 10:44:21 AM

12 cents..
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RapMassaG
Champion Author Cincinnati

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Message Posted: Sep 26, 2012 10:44:08 AM

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

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Points:1,476,255
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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]
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treehood
Champion Author San Diego

Posts:4,507
Points:949,260
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.
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Zeke33
Champion Author New Hampshire

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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.
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NorthglennBill
Champion Author Denver

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Message Posted: Sep 26, 2012 9:53:22 AM

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

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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.
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Don20
Champion Author Oklahoma City

Posts:12,064
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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]
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TBecker1415
Champion Author Missouri

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Message Posted: Sep 26, 2012 9:34:43 AM

ok
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snakebitef22
All-Star Author Corpus Christi

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Message Posted: Sep 26, 2012 9:28:11 AM

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

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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 !!!!!
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scu227
Champion Author New Haven

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Message Posted: Sep 26, 2012 9:27:24 AM

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

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Message Posted: Sep 26, 2012 9:25:20 AM

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

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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...
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dacofa
Champion Author Nevada

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Message Posted: Sep 26, 2012 9:24:38 AM

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

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Message Posted: Sep 26, 2012 9:23:00 AM

$3.32 in texas
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Diesel_Ram
Champion Author Dallas

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Message Posted: Sep 26, 2012 9:22:57 AM

Pump prices have hardly moved.
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nskmda
Champion Author Grand Rapids

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Message Posted: Sep 26, 2012 9:22:34 AM

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

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Points:55,260
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...
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rippertoo
Champion Author Tacoma

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Message Posted: Sep 26, 2012 9:22:05 AM

Whatever.
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tomklo
Champion Author Fort Worth

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Message Posted: Sep 26, 2012 9:21:59 AM

ok
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dlzastera
Champion Author Minnesota

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Message Posted: Sep 26, 2012 9:21:54 AM

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

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Message Posted: Sep 26, 2012 9:20:14 AM

It's sickening.
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dirtydiesel10
Champion Author Colorado Springs

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Message Posted: Sep 26, 2012 9:20:01 AM

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

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Message Posted: Sep 26, 2012 9:19:26 AM

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

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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.
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40mpgsaturn
Champion Author Wisconsin

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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!!
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tauro514
Champion Author Connecticut

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Message Posted: Sep 26, 2012 9:19:12 AM

good.
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Black Wagon
Champion Author Illinois

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Message Posted: Sep 26, 2012 9:19:11 AM

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

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Message Posted: Sep 26, 2012 9:18:57 AM


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

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Message Posted: Sep 26, 2012 9:17:55 AM

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

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Message Posted: Sep 26, 2012 9:17:42 AM

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

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Message Posted: Sep 26, 2012 9:15:38 AM

Crude prices come on down
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Red7002011
Champion Author Mississippi

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Message Posted: Sep 26, 2012 9:15:36 AM

Really!
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greenfog
Champion Author Illinois

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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.
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stopforgas
Champion Author Mississippi

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Message Posted: Sep 26, 2012 9:14:48 AM

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

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Message Posted: Sep 26, 2012 9:13:23 AM

Keep settling!!
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inspiretl
Veteran Author New Jersey

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Joined:May 2012
Message Posted: Sep 26, 2012 9:12:42 AM

need it lower
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nanu4u21
Champion Author Orange County

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Message Posted: Sep 26, 2012 9:12:02 AM

Hardly care anymore
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RUNNINONEMPTYFL
Champion Author Florida

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Message Posted: Sep 26, 2012 9:11:18 AM

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

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Message Posted: Sep 26, 2012 9:10:21 AM

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

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Message Posted: Sep 26, 2012 9:10:17 AM

That is great!
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OaklandInvaders
Champion Author San Jose

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Message Posted: Sep 26, 2012 9:09:48 AM

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

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Message Posted: Sep 26, 2012 9:09:36 AM

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

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Joined:May 2010
Message Posted: Sep 26, 2012 9:08:39 AM

Drill more. Whine less. It oughta be down to $50 a barrel.
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