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Author Topic: Gasoline Falls on Budget Stalemate, Estimate Supplies Gained Back to Topics
skb69sa
Champion Author
San Antonio

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Message Posted: Dec 4, 2012 11:59:59 PM

Gasoline fell on concern that the White House and congressional Republicans are far apart in budget negotiations and on speculation supplies rose last week.

Futures slid after President Barack Obama’s administration yesterday rejected House Speaker John Boehner’s counter proposal to avoid the so-called fiscal cliff. Gasoline inventories probably rose 1.6 million barrels last week, according to the median estimate of 11 analysts in a survey by Bloomberg.

“Whenever there is a renewed concern about the fiscal cliff, the market has pulled back,” said Amrita Sen, chief oil market strategist at Energy Aspects Ltd., a research consulting company in London.

Gasoline for January delivery fell 4.38 cents, or 1.6 percent, to $2.6827 a gallon at 10:27 a.m. on the New York Mercantile Exchange.

Obam
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REPLIES (newest first) Post a Reply
iFueler
Champion Author Durham

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Message Posted: Dec 6, 2012 2:07:45 AM

just about anything moves futures
bston
Champion Author Oklahoma City

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Message Posted: Dec 6, 2012 1:25:55 AM

We'll never see low prices again!
RitaVespa
Champion Author Oregon

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Message Posted: Dec 5, 2012 10:45:35 PM

How can people be consuming less now? We have been in this recession for 4 years!
esq262
Champion Author Asheville

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Message Posted: Dec 5, 2012 10:17:17 PM

Pump prices are holding steady.
Jeff4U
Champion Author Atlanta

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Message Posted: Dec 5, 2012 11:24:12 AM

So much for the guess of a 1.6 million barrels increase. It was 7.9 million.

As for the fiscal cliff, Obama loves this idea, so he can spend tax money till he's blue in the face. We are totally screwed yet half of America was too blind to see it coming.
doctorindyj
Champion Author Santa Fe

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Message Posted: Dec 5, 2012 10:50:51 AM

SSDD.
ss70
Champion Author Detroit

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Message Posted: Dec 5, 2012 10:39:34 AM

Time for $2 gas
FocusST2
Champion Author North Carolina

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Message Posted: Dec 5, 2012 9:31:06 AM

Gasoline hasn't budged in price for nearly a week and a half here locally.
mar2100
Veteran Author Cleveland

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Message Posted: Dec 5, 2012 8:48:33 AM

There will always be an excuse to keep prices high...
7SPEEDY7
Champion Author Flint

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Message Posted: Dec 5, 2012 8:38:36 AM

GREED
lcleveland
Champion Author San Antonio

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Message Posted: Dec 5, 2012 8:10:39 AM

looks like prices will rise more
amerk73
Champion Author Dallas

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Message Posted: Dec 5, 2012 7:53:35 AM

still high prices should below $2.50
peabeax55
All-Star Author Atlanta

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Message Posted: Dec 5, 2012 7:46:04 AM

Threat of higher taxes looms over peoples limited finances.
OHIO50
Champion Author Denver

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Message Posted: Dec 5, 2012 7:41:14 AM

He won He sets the rules.
Dennis783
Champion Author Des Moines

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Message Posted: Dec 5, 2012 7:40:37 AM

this is crazy. Gas prices should not be tied to such things.
sljbc475
Champion Author Tucson

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Message Posted: Dec 5, 2012 7:32:35 AM

Our worthless government was given 4 more years of doing the same, because the voters are easily disguised by Obama.
sabre75
Champion Author Florida

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Message Posted: Dec 5, 2012 7:25:55 AM

An example of our liberal backed media not telling the truth..What should this have to due with our gas pricing?? They just keep shoving it down our throats..
58salty
Champion Author Jacksonville

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Message Posted: Dec 5, 2012 7:24:17 AM

These articles sound great but at the pump it's WAY TO HIGH.

Media should tell the real truth. Prices have not dropped here.
gcalleja
Champion Author Miami

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Message Posted: Dec 5, 2012 7:09:45 AM

Good news.
Luckylindy
Champion Author Milwaukee

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Message Posted: Dec 5, 2012 7:05:07 AM

Before the budget problem raised prices.
gfox4810
Champion Author Kalamazoo

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Message Posted: Dec 5, 2012 6:56:51 AM

Not here...up 15 - 18 cents yesterday.
BEGTWO
Champion Author Maryland

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Message Posted: Dec 5, 2012 6:52:46 AM

Keep Falling!
gs7101
Champion Author San Antonio

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Message Posted: Dec 5, 2012 6:43:09 AM

Let's start seeing gas prices dropping by nickels and dimes verses pennies.
MImusicman
Champion Author Michigan

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Message Posted: Dec 5, 2012 6:28:26 AM

Maybe there but not here locally...jumped 40 cents.
pscamp
Champion Author Ottawa

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Message Posted: Dec 5, 2012 6:08:07 AM

Whatever
yardslave
Champion Author Oklahoma City

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Message Posted: Dec 5, 2012 5:57:25 AM

Spin de jour....
FPLREP
Champion Author Virginia

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Message Posted: Dec 5, 2012 5:42:52 AM

Obama wants to punish success..WTF?
epf
Champion Author Grand Rapids

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Message Posted: Dec 5, 2012 5:26:25 AM

We took a jump here, but it may be just the Meijer/Speedway effect vs, real market forces.
kyjlh
Champion Author Kentucky

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Message Posted: Dec 5, 2012 5:26:16 AM

and they say they are looking out for us.
joekool1
Champion Author Toledo

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Message Posted: Dec 5, 2012 5:05:10 AM

i thought gas was up almost everywhere ?
hokieburgh
Champion Author Virginia

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Message Posted: Dec 5, 2012 4:39:54 AM

more inventory should be a positive for prices.....grand dose o' wishful thinking....
danny999
Champion Author Florida

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Message Posted: Dec 5, 2012 4:29:43 AM

You can bet OBUMMA wants to go over the clift.Won't hurt him.He wants to embarrass the GOP.He's a street thug in a suit.
djgunrunner
Champion Author Salt Lake City

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Message Posted: Dec 5, 2012 3:37:04 AM

I have every confidence that Big Oil, Opec and the Speculators will get the price back up just as soon as they can.
iFueler
Champion Author Durham

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Message Posted: Dec 5, 2012 2:07:43 AM

up down, and up we go...
alterman156
Champion Author New York

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Message Posted: Dec 5, 2012 1:51:29 AM

Gasoline prices are falling in my area.
humblepie
Champion Author Toledo

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Message Posted: Dec 5, 2012 1:44:33 AM

went up 40 cents a gallon at the pump here yesterday
RonElp
All-Star Author El Paso

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Message Posted: Dec 5, 2012 1:05:15 AM

Glad to see the speculators loose and the consumer win.
BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Dec 5, 2012 1:01:24 AM

/;)
cheapchickKY
Champion Author Lexington

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Message Posted: Dec 5, 2012 12:23:21 AM

Predicted to raise here...
Blue_Cruzer
Champion Author Lexington

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Message Posted: Dec 5, 2012 12:18:39 AM

Prices going up around here.
JohnofGB
Champion Author Flint

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Message Posted: Dec 5, 2012 12:17:08 AM

The gougers in our state haven't gotten the word or don't listen. Gas just jumped 25 cent today across the area.
NHLiveFree
Champion Author New Hampshire

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Message Posted: Dec 5, 2012 12:06:30 AM


Too bad skb. Day late and a dollar short.

Please let this 'market' go off the fiscal cliff too.
graceman
Champion Author Baltimore

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Message Posted: Dec 5, 2012 12:02:09 AM

It hasn't drop here.
skb69sa
Champion Author San Antonio

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Message Posted: Dec 5, 2012 12:01:19 AM

I submitted this at 11:08 PM CST and the GB server is marking as "Submitted Yesterday".
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