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GasBuddy News Article

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Oil rises to highest price since May 11

The Associated Press -- Published: August 17th, 2012 12:08 PM
Last Modified: August 17th, 2012 12:15 PM

The price of oil ended at its highest point in three months Friday, with four straight days of gains, on signs U.S. consumers are gaining confidence in the economy.

On the New York Mercantile Exchange:

Benchmark crude rose 41 cents in New York to end at $96.01 per barrel.

Heating oil fell 3 cents to finish at $3.09 per gallon.

Wholesale gasoline fell 6 cents to end at $3.03 per gallon.

Natural gas fell 5 cents to finish at $2.72 per 1,000 cubic feet.

On the ICE Futures exchange in London:
Brent crude fell $1.56 to end at $113.71 a barrel.


Read the Full Article

Submitted Aug 18, 2012 By: Nitewolf
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil rises to highest price since May 11 Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

Posts:22,645
Points:2,166,915
Joined:Nov 2008
Message Posted: Aug 21, 2012 5:06:16 AM

specutraitors fueling Pig Banks' and Pig Oil's greed.
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jrs4125
Champion Author Indiana

Posts:4,776
Points:1,137,575
Joined:Sep 2011
Message Posted: Aug 19, 2012 5:47:49 PM

Just the beginning.
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puinsai808
Champion Author Honolulu

Posts:5,954
Points:1,276,810
Joined:May 2011
Message Posted: Aug 19, 2012 11:49:46 AM

...and gasoline prices are following right behind.
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07skydriver
Champion Author Ohio

Posts:5,403
Points:1,523,920
Joined:Feb 2009
Message Posted: Aug 19, 2012 7:10:11 AM

Just stay home.
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eomc17
Champion Author Tucson

Posts:2,200
Points:156,795
Joined:Mar 2007
Message Posted: Aug 19, 2012 6:42:37 AM

OIL AND GAS PRICES HAVE BEEN HYPERINFLATED FOR THE PAST NINE YEARS.
LAST YEAR WE HAD A ALL-TIME HIGH RECORD AVERAGE GAS PRICE AND WE ARE HEADING THERE AGAIN. LAST MONTH WE HAD A 47 MONTH LOW OF GAS CONSUMPTION, AND THIS IS SUPPOSED TO BE THE "DRIVING SEASON". IT SEEMS THAT NO MATTER HOW MUCH WE CONSERVE, THE PRICE OF GASOLINE KEEPS GOING UP WHILE OIL IS NOWHERE NEAR ITS RECORD HIGH OF 147$ A BARREL. THIS IS MAJOR BILLSHUT, WASHINGTON.

PEOPLE, IT'S TIME TO VOTE CORRUPT POLITICIANS OUT OF OFFICE. BUT DON'T STOP HERE. GO OUT AND PROTEST THE WRONGDOINGS OR IGNORANCE OF OUR GOVERNMENT, WHICH IS SUPPOSED TO BE DEMOCRATIC...AND "FOR THE PEOPLE", YET THEY RAM OBAMACARE AND ETHANOL DOWN OUR THROATS WITHOUT ASKING US IF WE EVER WANTED THIS CRAP.
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bonzoonfmb
Champion Author Florida

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Message Posted: Aug 19, 2012 1:25:01 AM

Gas prices are too high.
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dongo50
Champion Author West Virginia

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Message Posted: Aug 18, 2012 11:16:13 PM

who cares? maybe investors?
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Jeffro61
Champion Author Cleveland

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Message Posted: Aug 18, 2012 11:08:17 PM

Need to go down down down.
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farn1958
All-Star Author Twin Cities

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Message Posted: Aug 18, 2012 11:07:10 PM

more BS.
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NorthglennBill
Champion Author Denver

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Message Posted: Aug 18, 2012 11:06:19 PM

Up and down, up and down.
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Quick68
Champion Author Columbus

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Message Posted: Aug 18, 2012 11:06:07 PM

The last article just said that the prices were dropping. What's up outside of the price of gas?
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SteelPenny
Champion Author Dallas

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Message Posted: Aug 18, 2012 11:05:42 PM

The prices will keep on going UP.
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yakstar
Champion Author Montreal

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Message Posted: Aug 18, 2012 11:02:46 PM

hopefully, gas will be 49 cents/gallon by November!
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Cashless
Champion Author Akron

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Message Posted: Aug 18, 2012 11:02:09 PM

Way to go, jerks.
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ratboy1968
Champion Author Montreal

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Message Posted: Aug 18, 2012 11:01:46 PM

ok
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Mowerman08
Champion Author Milwaukee

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Message Posted: Aug 18, 2012 10:58:51 PM

Totally optimistic.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 18, 2012 10:58:36 PM

Again and again!
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trytogetby
Champion Author Cincinnati

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Message Posted: Aug 18, 2012 10:55:42 PM

Sticking to the common man over & over.
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milespergallon
Champion Author Illinois

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Message Posted: Aug 18, 2012 10:55:01 PM

Specu-traitors
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erbyfub
Champion Author Raleigh

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Message Posted: Aug 18, 2012 10:55:00 PM

peoples gotta start driving more conservatively
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boatmen
Champion Author New York

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Message Posted: Aug 18, 2012 10:52:57 PM

greedy biches
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abcdMA
Champion Author Worcester

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Message Posted: Aug 18, 2012 10:51:11 PM

imagine what oil from Canada could do for us!?!?
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toadNY
Champion Author Albany

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Message Posted: Aug 18, 2012 10:45:49 PM

Explains the rise in gas prices.
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DandyDapple
All-Star Author North Dakota

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Message Posted: Aug 18, 2012 10:45:12 PM

...
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Blue48
Champion Author Illinois

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Message Posted: Aug 18, 2012 10:43:03 PM

UP..DOWN..UP..DOWN!
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NashGas
Champion Author Nashville

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Message Posted: Aug 18, 2012 10:43:01 PM

ok
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carloco75
Champion Author Richmond

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Message Posted: Aug 18, 2012 10:39:44 PM

Until the next "highest price"...
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darkknight1
Champion Author Winston-Salem

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Joined:Nov 2010
Message Posted: Aug 18, 2012 10:37:59 PM

Even if the "consumers" were "gaining confidence in the economy" the higher gas prices will put a stop to any growth.
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hauler43
Champion Author Oakland

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Joined:Sep 2003
Message Posted: Aug 18, 2012 10:37:05 PM

Hurricane season is here so prices could skyrocket if the Gulf of Mexico get slammed
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knot2swift
Champion Author Calgary

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Message Posted: Aug 18, 2012 10:30:20 PM

Oil will be $100 by year end. Gasoline will be $3.75 to $4 in the US. So what?
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Taurus1
Champion Author Ohio

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Message Posted: Aug 18, 2012 10:25:04 PM

Now what?
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ScottTee
Champion Author Detroit

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Message Posted: Aug 18, 2012 10:23:59 PM

The ICE exchange is corrupt & dominated by major players. It is not a free market.
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Yankee829
Champion Author Dallas

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Message Posted: Aug 18, 2012 10:21:54 PM

Ok
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Beaveronparade
Champion Author Hartford

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Message Posted: Aug 18, 2012 10:21:18 PM

It's all politics. Time for change in Washington.
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EMoe57
Champion Author Jacksonville

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Message Posted: Aug 18, 2012 10:17:29 PM

...and...
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jad1960
Champion Author Gary

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Message Posted: Aug 18, 2012 10:16:46 PM

Speculators are trying and succeeding to make it rise.
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VetteFan
Champion Author Indiana

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Message Posted: Aug 18, 2012 10:15:45 PM

And the speculators are off and running. Higher prices before Labor Day.
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monarch57
Champion Author British Columbia

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Message Posted: Aug 18, 2012 10:14:42 PM

Bad news for the ecomony oil shouldn't be a penny over $60 a berrel.
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wayoung56
Champion Author Alabama

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Message Posted: Aug 18, 2012 10:14:13 PM

Thanks for the "Change", vote "Nobama"!!!
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drz614
Champion Author Harrisburg

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Message Posted: Aug 18, 2012 10:13:50 PM

"the private sector is doing just fine...."
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serrog
Champion Author Nova Scotia

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Message Posted: Aug 18, 2012 10:13:28 PM

greed
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MopedTime
Champion Author Michigan

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Joined:Mar 2012
Message Posted: Aug 18, 2012 10:10:43 PM

How sad!
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pgerassi
Champion Author Milwaukee

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Joined:Apr 2007
Message Posted: Aug 18, 2012 10:08:21 PM

Old news.
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abacus44
Champion Author Toms River

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Message Posted: Aug 18, 2012 10:06:41 PM

We'll see more ups and downs, but in the long term, with increasing demand from China and India, we can only expect the trend to be higher prices.
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flyfast
Champion Author Kansas City

Posts:11,627
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Message Posted: Aug 18, 2012 10:05:11 PM

THE CHANGE YOU VOTED FOR
NOV. TRY AGAIN
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bcok
Champion Author Los Angeles

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Joined:Oct 2005
Message Posted: Aug 18, 2012 10:04:53 PM

ok
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beachmanglen
Champion Author Tampa

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Joined:Aug 2011
Message Posted: Aug 18, 2012 10:04:52 PM

Two refineries are still down, prices will continue to rise.
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IUVidiot
Champion Author Indiana

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Message Posted: Aug 18, 2012 10:03:17 PM

ok
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n3tbc
Veteran Author Wilmington

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Joined:Sep 2011
Message Posted: Aug 18, 2012 10:03:02 PM

here is one shoe dropping...
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 18, 2012 10:02:45 PM

Very well said 91Hilux!
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