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GasBuddy News Article

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Price of crude oil falling, gas prices may be next

WOKV -- The price of crude oil per barrel has fallen significantly. Last week it traded between $95 and $100 per barrel, and this Wednesday it traded close to $92 and still falling.

Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com, said September 11th of last week seems like a long time ago already.

“The U.S. economy right now is seeing a supply that exceeds demand….believe it or not,” Laskoski said.

He said it may reflect the weakness of the economy, but at the same time it could be evidence of a higher level of stability in the Middle East compared to what we saw last week during the attacks on U.S. embassies.

Laskoski also attributes the recent dip in crude oil prices on this week’s announcements from the Department of Energy:

-There’s been a massive increase in crude o


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Submitted Sep 21, 2012 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Price of crude oil falling, gas prices may be next Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Sep 29, 2012 10:00:45 AM

prices down to 359 (87) and 399 (diesel)... still too high.
honda0105
Champion Author Tallahassee

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Message Posted: Sep 27, 2012 11:05:13 PM

would be nice if prices WOULD fall more.. looks like GB shows them going up again here.
honda0105
Champion Author Tallahassee

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Message Posted: Sep 26, 2012 11:01:58 PM

I agree, exyou. Temporary drop.
exyouen
Veteran Author Philadelphia

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Message Posted: Sep 22, 2012 10:35:55 PM

dont worry, it'll go up again soon
sdslim
Champion Author Florida

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Message Posted: Sep 22, 2012 10:15:52 AM

Let's hope it is so.
07skydriver
Champion Author Ohio

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Message Posted: Sep 22, 2012 10:11:50 AM

Just stay home.
aservant
Champion Author California

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Message Posted: Sep 22, 2012 9:32:58 AM

Hope gas falls
remay
Champion Author Houston

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Message Posted: Sep 22, 2012 9:26:24 AM

Maybe.... Have seen a SLIGHT drop around here...
BEGTWO
Champion Author Maryland

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Message Posted: Sep 22, 2012 5:44:45 AM

GOOD!!!
heydano67
Champion Author California

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Message Posted: Sep 22, 2012 12:16:10 AM

let's hope it translates soon
Tehbob
Champion Author California

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Message Posted: Sep 22, 2012 12:11:00 AM

YEP!!
crreed1
Champion Author West Virginia

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Message Posted: Sep 21, 2012 11:30:35 PM

it dropped 4 cents here
rtw777
Champion Author Florida

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Message Posted: Sep 21, 2012 11:15:51 PM

All fuel prices should be $1.25 less.
farn1958
All-Star Author Twin Cities

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Message Posted: Sep 21, 2012 11:14:06 PM

Yeah Right!
jkpsr
Champion Author New Jersey

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Message Posted: Sep 21, 2012 11:13:41 PM

Big Oil does not want prices to fall before thr election.
rahcat
Champion Author Grand Rapids

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Message Posted: Sep 21, 2012 11:12:30 PM

If you believe that. I have some slightly moist land for sale in southern Georgia. (Okefenokee)
ican2step
Champion Author Pittsburgh

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Message Posted: Sep 21, 2012 11:12:13 PM

I'll believe it when I buy it.
bugc
Champion Author Boston

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Message Posted: Sep 21, 2012 11:10:03 PM

Hope so
heartbroken2010
Champion Author Ottawa

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Message Posted: Sep 21, 2012 11:09:49 PM

not for long , of this i'm sure. winter is coming.
quasar502
Champion Author Lansing

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Message Posted: Sep 21, 2012 11:09:47 PM

They are.
Cashless
Champion Author Akron

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Message Posted: Sep 21, 2012 11:09:09 PM

Falling prices? Sounds good to me.
Rageagainsttm
Champion Author Tampa

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Message Posted: Sep 21, 2012 11:09:03 PM

maybe
Number43
Champion Author Lexington

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Message Posted: Sep 21, 2012 11:07:11 PM

hope the speculators lose a bundle
wendy1john32
Champion Author Los Angeles

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Message Posted: Sep 21, 2012 11:06:59 PM

Pump prices shoot up but drift down.
Number43
Champion Author Lexington

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Message Posted: Sep 21, 2012 11:06:34 PM

We have had a surplus now for several years.
sunny_dsm
Veteran Author San Jose

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Message Posted: Sep 21, 2012 11:06:00 PM

Let's see...
7SPEEDY7
Champion Author Flint

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Message Posted: Sep 21, 2012 11:05:55 PM

Good News When We actually see it!
J4romeo
All-Star Author Gary

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Message Posted: Sep 21, 2012 11:05:43 PM

Time will tell..:)
Number43
Champion Author Lexington

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Message Posted: Sep 21, 2012 11:05:24 PM

good news if it happens
letterchunker
Champion Author Texas

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Message Posted: Sep 21, 2012 11:04:31 PM

No doubt they should be
CivicMA
Champion Author Boston

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Message Posted: Sep 21, 2012 11:04:17 PM

We need to see this, a LARGE drop and for it to "stick"!
yakstar
Champion Author Montreal

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Message Posted: Sep 21, 2012 11:03:38 PM

sweet b jesus!
jetskijerry
Champion Author North Carolina

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Message Posted: Sep 21, 2012 11:03:00 PM

crooks setting the price.
jetskijerry
Champion Author North Carolina

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Message Posted: Sep 21, 2012 11:02:39 PM

needs to drop lower
Marson
Champion Author Scranton

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Message Posted: Sep 21, 2012 10:58:13 PM

It is down here 6 cents.
Jeeputtputt
Champion Author Ohio

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Message Posted: Sep 21, 2012 10:56:48 PM

HUH
wilbur_gas
Champion Author Los Angeles

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Message Posted: Sep 21, 2012 10:56:16 PM

O.K.
qwerty17
Champion Author New Jersey

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Message Posted: Sep 21, 2012 10:54:51 PM

may be?
Cheney
Champion Author Toronto

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Message Posted: Sep 21, 2012 10:50:01 PM

it's a bit underpriced.
Is246
Champion Author Albuquerque

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Message Posted: Sep 21, 2012 10:45:53 PM

Better come down, these prices are ridiculus.
Lizzylou
Champion Author Stockton

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Message Posted: Sep 21, 2012 10:38:27 PM

I hope so because every Friday gas prices seem to "jack up" in this city!!
CCLighthouse
Champion Author Hartford

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Joined:Aug 2012
Message Posted: Sep 21, 2012 10:35:20 PM

I'm not holding mine. There is always going to be a reason for it to continue to go up.
ggordo
Champion Author Long Island

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Message Posted: Sep 21, 2012 10:32:26 PM

holding my breath
Beaveronparade
Champion Author Hartford

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Message Posted: Sep 21, 2012 10:30:01 PM

I'm not holding my breath on the gas prices coming down.
DEG
Champion Author Las Vegas

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Message Posted: Sep 21, 2012 10:29:50 PM

Maybe; however, I am sure Big Oil and Big Government will do something to keep prices high and moving higher.
pagenutt
Sophomore Author Ohio

Posts:181
Points:371,885
Joined:Nov 2002
Message Posted: Sep 21, 2012 10:26:01 PM

I'll believe it when I see it............
Actions speak louder than works!
CarefreeVT
Champion Author Burlington

Posts:2,079
Points:352,795
Joined:Aug 2012
Message Posted: Sep 21, 2012 10:25:49 PM

Lmfao! To quote Super Troopers, "I'll believe that when me sh*it turns purple & smells like rainbow sherbet!"
mstearno
Champion Author Dayton

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Message Posted: Sep 21, 2012 10:25:13 PM

should but won't
bonzoonfmb
Champion Author Florida

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Message Posted: Sep 21, 2012 10:23:46 PM

Gas prices are too high.
TFowler513
Champion Author Memphis

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Message Posted: Sep 21, 2012 10:18:58 PM

I'll believe it when I see it!!!
DustyHorse
Champion Author Virginia

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Joined:Oct 2008
Message Posted: Sep 21, 2012 10:16:15 PM

One can only hope.
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