Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:24 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gasoline Falls on Budget Stalemate, Estimate Supplies Gained Back to Topics
skb69sa

Champion Author
San Antonio

Posts:4,984
Points:1,015,950
Joined:Mar 2011
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
Visit Bloomberg for full article
REPLIES (newest first) Post a Reply
Profile Pic
iFueler
Champion Author Durham

Posts:73,118
Points:505,925
Joined:Nov 2012
Message Posted: Dec 6, 2012 2:07:45 AM

just about anything moves futures
Profile Pic
bston
Champion Author Oklahoma City

Posts:3,430
Points:970,100
Joined:Mar 2011
Message Posted: Dec 6, 2012 1:25:55 AM

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

Posts:4,068
Points:1,101,960
Joined:Jan 2011
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!
Profile Pic
esq262
Champion Author Asheville

Posts:4,426
Points:972,130
Joined:Jul 2011
Message Posted: Dec 5, 2012 10:17:17 PM

Pump prices are holding steady.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:10,461
Points:2,180,165
Joined:Nov 2004
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.
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:4,444
Points:1,138,110
Joined:Nov 2009
Message Posted: Dec 5, 2012 10:50:51 AM

SSDD.
Profile Pic
ss70
Champion Author Detroit

Posts:11,736
Points:2,171,880
Joined:Sep 2005
Message Posted: Dec 5, 2012 10:39:34 AM

Time for $2 gas
Profile Pic
FocusST2
Champion Author North Carolina

Posts:9,739
Points:1,705,425
Joined:Jul 2009
Message Posted: Dec 5, 2012 9:31:06 AM

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

Posts:348
Points:16,925
Joined:Sep 2012
Message Posted: Dec 5, 2012 8:48:33 AM

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

Posts:2,571
Points:915,570
Joined:May 2011
Message Posted: Dec 5, 2012 8:38:36 AM

GREED
Profile Pic
lcleveland
Champion Author San Antonio

Posts:3,441
Points:930,460
Joined:May 2011
Message Posted: Dec 5, 2012 8:10:39 AM

looks like prices will rise more
Profile Pic
amerk73
Champion Author Dallas

Posts:8,689
Points:1,950,040
Joined:Oct 2008
Message Posted: Dec 5, 2012 7:53:35 AM

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

Posts:811
Points:259,430
Joined:Mar 2012
Message Posted: Dec 5, 2012 7:46:04 AM

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

Posts:2,555
Points:1,350,175
Joined:Mar 2010
Message Posted: Dec 5, 2012 7:41:14 AM

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

Posts:15,244
Points:3,025,445
Joined:Sep 2005
Message Posted: Dec 5, 2012 7:40:37 AM

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

Posts:5,863
Points:1,199,625
Joined:Dec 2010
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.
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:349,610
Joined:May 2012
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..
Profile Pic
58salty
Champion Author Jacksonville

Posts:75,400
Points:957,690
Joined:Aug 2011
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.
Profile Pic
gcalleja
Champion Author Miami

Posts:2,466
Points:873,200
Joined:May 2011
Message Posted: Dec 5, 2012 7:09:45 AM

Good news.
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:6,123
Points:1,450,285
Joined:May 2008
Message Posted: Dec 5, 2012 7:05:07 AM

Before the budget problem raised prices.
Profile Pic
gfox4810
Champion Author Kalamazoo

Posts:2,432
Points:703,000
Joined:Jul 2011
Message Posted: Dec 5, 2012 6:56:51 AM

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

Posts:3,455
Points:1,034,150
Joined:Sep 2010
Message Posted: Dec 5, 2012 6:52:46 AM

Keep Falling!
Profile Pic
gs7101
Champion Author San Antonio

Posts:7,113
Points:486,650
Joined:Jun 2009
Message Posted: Dec 5, 2012 6:43:09 AM

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

Posts:3,528
Points:736,875
Joined:Mar 2012
Message Posted: Dec 5, 2012 6:28:26 AM

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

Posts:5,705
Points:738,940
Joined:May 2011
Message Posted: Dec 5, 2012 6:08:07 AM

Whatever
Profile Pic
yardslave
Champion Author Oklahoma City

Posts:4,226
Points:925,760
Joined:Dec 2005
Message Posted: Dec 5, 2012 5:57:25 AM

Spin de jour....
Profile Pic
FPLREP
Champion Author Virginia

Posts:9,974
Points:2,774,210
Joined:Oct 2005
Message Posted: Dec 5, 2012 5:42:52 AM

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

Posts:7,996
Points:2,218,825
Joined:May 2004
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.
Profile Pic
kyjlh
Champion Author Kentucky

Posts:3,167
Points:958,545
Joined:Feb 2005
Message Posted: Dec 5, 2012 5:26:16 AM

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

Posts:1,099
Points:131,280
Joined:Sep 2012
Message Posted: Dec 5, 2012 5:05:10 AM

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

Posts:1,762
Points:760,105
Joined:Feb 2007
Message Posted: Dec 5, 2012 4:39:54 AM

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

Posts:10,374
Points:1,968,035
Joined:Oct 2008
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.
Profile Pic
djgunrunner
Champion Author Salt Lake City

Posts:11,855
Points:2,671,435
Joined:Apr 2005
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.
Profile Pic
iFueler
Champion Author Durham

Posts:73,118
Points:505,925
Joined:Nov 2012
Message Posted: Dec 5, 2012 2:07:43 AM

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

Posts:9,140
Points:1,885,950
Joined:Dec 2008
Message Posted: Dec 5, 2012 1:51:29 AM

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

Posts:48,606
Points:2,701,290
Joined:Mar 2006
Message Posted: Dec 5, 2012 1:44:33 AM

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

Posts:763
Points:109,720
Joined:Aug 2012
Message Posted: Dec 5, 2012 1:05:15 AM

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

Posts:8,257
Points:1,708,280
Joined:Nov 2008
Message Posted: Dec 5, 2012 1:01:24 AM

/;)
Profile Pic
cheapchickKY
Champion Author Lexington

Posts:5,920
Points:1,126,695
Joined:Jan 2011
Message Posted: Dec 5, 2012 12:23:21 AM

Predicted to raise here...
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Dec 5, 2012 12:18:39 AM

Prices going up around here.
Profile Pic
JohnofGB
Champion Author Flint

Posts:7,083
Points:1,424,850
Joined:Feb 2010
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.
Profile Pic
NHLiveFree
Champion Author New Hampshire

Posts:12,858
Points:1,936,560
Joined:Jun 2008
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.
Profile Pic
graceman
Champion Author Baltimore

Posts:4,968
Points:1,158,725
Joined:Jun 2008
Message Posted: Dec 5, 2012 12:02:09 AM

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

Posts:4,984
Points:1,015,950
Joined:Mar 2011
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".
Post a reply Back to Topics