Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:07 AM

GasBuddy News Article

43
votes
Oil prices dip slightly as analysts expect US crude stockpiles to grow

Associated Press -- Oil prices dipped slightly Tuesday as analysts predicted a rise in U.S. crude stockpiles, underscoring weak demand for fuel.

Benchmark oil for February delivery was down 4 cents to $93.15 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 10 cents to finish at $93.19 a barrel on Monday.

Analysts estimated that the American Petroleum Institute and the U.S. Energy Information Administration would report an increase in crude oil stocks of 1.5 million barrels for the week ended Jan. 4, according to Platts, the energy information arm of McGraw-Hill Cos.


Read the Full Article

Submitted Jan 08, 2013 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices dip slightly as analysts expect US crude stockpiles to grow Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,069
Points:2,390,890
Joined:Nov 2008
Message Posted: Jan 10, 2013 4:55:09 AM

around here at least pump prices are rising.
dave27johnson
Champion Author Chicago

Posts:2,733
Points:1,113,370
Joined:Feb 2012
Message Posted: Jan 9, 2013 12:50:58 AM

Keep dropping....
obimerrill
Champion Author Cincinnati

Posts:4,694
Points:1,069,665
Joined:Jul 2012
Message Posted: Jan 9, 2013 12:03:47 AM

Good...hope they continue to go down.
Number43
Champion Author Lexington

Posts:12,080
Points:2,420,365
Joined:Oct 2008
Message Posted: Jan 8, 2013 11:20:16 PM

Prices dropped as the trend suggest a undersupply of speculators.
Mowerman08
Champion Author Milwaukee

Posts:7,711
Points:1,965,215
Joined:Aug 2008
Message Posted: Jan 8, 2013 11:13:52 PM

doesn't seem to make a difference
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 8, 2013 11:13:36 PM

Okay
CarefreeVT
Champion Author Burlington

Posts:2,079
Points:352,795
Joined:Aug 2012
Message Posted: Jan 8, 2013 11:12:35 PM

will we see this at the pump?
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 8, 2013 11:12:06 PM

okay
LCSTEELERBOB
Champion Author Gary

Posts:3,537
Points:886,655
Joined:Oct 2008
Message Posted: Jan 8, 2013 11:11:47 PM

just a bunch of crap
regout
Champion Author Quebec

Posts:6,180
Points:1,609,330
Joined:May 2010
Message Posted: Jan 8, 2013 11:08:32 PM

Speculators only will make money.
ican2step
Champion Author Pittsburgh

Posts:4,828
Points:1,194,225
Joined:Feb 2012
Message Posted: Jan 8, 2013 11:07:14 PM

Okay
boatfloyd
Champion Author Jacksonville

Posts:5,027
Points:1,168,615
Joined:Mar 2012
Message Posted: Jan 8, 2013 11:05:55 PM

Demand is down.
skysteve1
Champion Author Victoria

Posts:4,553
Points:1,149,215
Joined:Jul 2011
Message Posted: Jan 8, 2013 11:05:42 PM

stable here, lower would be good
FrankTA2
Champion Author New York

Posts:7,207
Points:1,846,130
Joined:Jun 2007
Message Posted: Jan 8, 2013 11:04:03 PM

Need to dip some more.
PrinceLH
Champion Author Ontario

Posts:5,967
Points:1,319,070
Joined:Jun 2011
Message Posted: Jan 8, 2013 11:03:40 PM

Until the windspeeds in the gulf hit 10 miles an hour.
JamesCalvin
Champion Author Lancaster

Posts:6,533
Points:1,297,085
Joined:Nov 2011
Message Posted: Jan 8, 2013 11:02:02 PM

Dippity Dip!
Jmac2008
Champion Author Missouri

Posts:4,619
Points:1,488,945
Joined:Dec 2008
Message Posted: Jan 8, 2013 11:01:28 PM

but gas prices continue to rise.
cheaper0ON
Champion Author Ontario

Posts:4,195
Points:1,177,680
Joined:Jan 2012
Message Posted: Jan 8, 2013 11:01:28 PM

Price is rising.
MidNJ
Champion Author New Jersey

Posts:10,181
Points:1,882,565
Joined:Sep 2009
Message Posted: Jan 8, 2013 10:58:44 PM

From the article;

"The oil market has no clear direction," said Ken Hasegawa, energy analyst at Newedge brokerage in Tokyo. "We still have a lot of uncertainty about the euro situation and also the economic recovery in the U.S."

????????????????

Gee, imagine what could have been if Mitt won!

We all would have nothing to worry about except how much more we don't have to pay in taxes on all the money over $250,000 a year that we all earn!!!

??????????????????

Think about it!

nwsynthetics
Champion Author Oregon

Posts:1,143
Points:584,465
Joined:Dec 2011
Message Posted: Jan 8, 2013 10:58:15 PM

I hope it drops in price. Ive seen Natural and power drop there rates becaus eof lower fule. Keep it lower, it works for all.
Karisholman
Veteran Author Nevada

Posts:471
Points:646,385
Joined:Oct 2012
Message Posted: Jan 8, 2013 10:56:40 PM

The price drop should help lower gas prices
abcdMA
Champion Author Worcester

Posts:11,132
Points:2,343,440
Joined:Nov 2008
Message Posted: Jan 8, 2013 10:53:57 PM

But as is still rising
clermont40miles
Champion Author Cincinnati

Posts:14,689
Points:2,548,460
Joined:Apr 2008
Message Posted: Jan 8, 2013 10:52:26 PM

Demand keeps dropping as people continue to lose jobs.

Prices down but no where near cheap. Not likely to stay or drop more. The specu-traitors (speculators) are back from vacation and can spend full time legally robbing us at the pump.
pacecar68
Champion Author Oakland

Posts:5,375
Points:1,125,085
Joined:Jan 2007
Message Posted: Jan 8, 2013 10:51:52 PM

ok.
KhelbenArunson
Champion Author Michigan

Posts:7,514
Points:1,473,310
Joined:Apr 2008
Message Posted: Jan 8, 2013 10:51:38 PM

they should be in freefall.
MinnesotaDJ
Champion Author Minnesota

Posts:6,713
Points:1,294,910
Joined:Feb 2010
Message Posted: Jan 8, 2013 10:51:22 PM

That's great news, just keep on dropping!
MrPony
All-Star Author North Carolina

Posts:796
Points:997,015
Joined:Jul 2004
Message Posted: Jan 8, 2013 10:50:08 PM

They ain't dropping here!!!
BREW9
Champion Author Tampa

Posts:4,127
Points:3,692,860
Joined:Jun 2004
Message Posted: Jan 8, 2013 10:48:30 PM

keep dropping
wshho51
Rookie Author Tampa

Posts:9
Points:60,180
Joined:Sep 2012
Message Posted: Jan 8, 2013 10:47:14 PM

But why does some gas stations increase their prices while other held their own? Prices differ up to .14.
stpatrickbday
Champion Author Albuquerque

Posts:2,589
Points:771,050
Joined:Mar 2011
Message Posted: Jan 8, 2013 10:42:33 PM

Just another excuse to raise gas prices.
cssco
Champion Author Virginia

Posts:10,444
Points:2,510,965
Joined:Feb 2006
Message Posted: Jan 8, 2013 10:41:21 PM

This article takes the wind out of GasBuddy's weekly report sail. I'll read it anyhow 'cause I like GasBuddy.
Dragnet
Champion Author Arizona

Posts:18,804
Points:3,662,680
Joined:Jul 2004
Message Posted: Jan 8, 2013 10:40:14 PM

This story is only a teaser. Don't go banking your bets in Vegas on this story as you will lose
sydb7
Champion Author Atlanta

Posts:5,938
Points:2,603,335
Joined:Mar 2003
Message Posted: Jan 8, 2013 10:37:16 PM

No dip here! It has been up, up up...
myambro
Champion Author Sacramento

Posts:4,780
Points:1,736,870
Joined:Mar 2005
Message Posted: Jan 8, 2013 10:32:16 PM

More.
john1956
Rookie Author New Hampshire

Posts:53
Points:129,100
Joined:Nov 2006
Message Posted: Jan 8, 2013 10:31:02 PM

keep falling, make my wallet happy!
DEG
Champion Author Las Vegas

Posts:20,756
Points:4,247,380
Joined:Jul 2003
Message Posted: Jan 8, 2013 10:30:17 PM

Oil prices are still double what is reasonable.
WIWalt
Champion Author Wisconsin

Posts:4,881
Points:1,189,595
Joined:Mar 2012
Message Posted: Jan 8, 2013 10:27:57 PM

Keep dipping!
sehonda
Champion Author Honolulu

Posts:3,277
Points:1,237,815
Joined:May 2009
Message Posted: Jan 8, 2013 10:26:05 PM

prices still going up...
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,515
Joined:Jun 2006
Message Posted: Jan 8, 2013 10:25:22 PM

Prices will drop when the economy worsens and it will.
jnseyeongas
Champion Author Milwaukee

Posts:3,189
Points:1,221,885
Joined:Feb 2011
Message Posted: Jan 8, 2013 10:24:54 PM

Good
ericbcire
Champion Author Nevada

Posts:7,754
Points:2,043,885
Joined:Aug 2009
Message Posted: Jan 8, 2013 10:20:29 PM

Prices must drop or the economy will worsen.
bridgerunner
Champion Author Virginia

Posts:11,066
Points:1,787,135
Joined:Jul 2009
Message Posted: Jan 8, 2013 10:18:35 PM

BBHybrid is correct.
BBHybrid
Champion Author Pittsburgh

Posts:6,530
Points:1,310,075
Joined:Aug 2008
Message Posted: Jan 8, 2013 10:16:23 PM

dip my arse, nothing here in pa still at $3.50/gallon
tdioiler
Champion Author Detroit

Posts:1,029
Points:817,950
Joined:Jul 2011
Message Posted: Jan 8, 2013 10:15:47 PM

And prices go the other direction.
mstearno
Champion Author Dayton

Posts:9,689
Points:2,359,560
Joined:Jan 2008
Message Posted: Jan 8, 2013 10:12:28 PM

the trillion dollar coin will fix this....
LOL
Buddy2264
Champion Author Tampa

Posts:14,991
Points:3,143,220
Joined:Oct 2005
Message Posted: Jan 8, 2013 10:11:47 PM

No lowering of prices here yet. We had seen $2.97 a couple of weeks ago. But now in the $3.17-3.25 range.
wayoung56
Champion Author Alabama

Posts:5,921
Points:1,581,435
Joined:Oct 2006
Message Posted: Jan 8, 2013 10:08:53 PM

Double Ditto on AnObserver's comment...
TNT2EC
Champion Author Wisconsin

Posts:7,722
Points:2,214,645
Joined:Oct 2008
Message Posted: Jan 8, 2013 10:08:14 PM

Grand
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,058,595
Joined:May 2008
Message Posted: Jan 8, 2013 10:04:44 PM

Whatever...........
YodaON
Champion Author Ottawa

Posts:6,100
Points:1,549,970
Joined:Jan 2011
Message Posted: Jan 8, 2013 10:03:39 PM

has to drop more please
AnObserver
Champion Author New Jersey

Posts:11,441
Points:3,003,240
Joined:Sep 2005
Message Posted: Jan 8, 2013 10:01:54 PM

Can we say 'drop precipitously'?
Post a reply Back to Topics