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Author	Topic: Gasoline Leads Slump as Natural Gas Climbs: Commodities at Close	Post a Reply Back to Topics

brbaritone Champion Author Virginia Posts:2,070 Points:1,699,725 Joined:Jan 2007	Message Posted: Jan 12, 2013 6:46:51 AM Ignore brbaritone Report Abuse Gasoline slid the most in two months as Brent crude retreated, lowering the cost of imported crude and motor fuel at a time when U.S. inventories are increasing and demand is stagnant. Futures sank 1.9 percent as Brent dropped following the startup of the expanded Seaway pipeline, which will bring domestic oil to the Gulf Coast, pushing out imports. Gasoline consumption in the U.S. is the lowest in almost a year and inventories are the highest since February 2011, Energy Information Administration data show. Gasoline for February delivery fell 5.38 cents to settle at $2.7395 a gallon on the New York Mercantile Exchange, the biggest decline since Nov. 7 and lowest settlement since Dec. 21. Futures declined 0.9 percent this week, the second consecutive loss. Visit Bloomberg via Yahoo! Finance for full article

brbaritone

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Virginia

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Message Posted: Jan 12, 2013 6:46:51 AM

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Gasoline slid the most in two months as Brent crude retreated, lowering the cost of imported crude and motor fuel at a time when U.S. inventories are increasing and demand is stagnant.

Futures sank 1.9 percent as Brent dropped following the startup of the expanded Seaway pipeline, which will bring domestic oil to the Gulf Coast, pushing out imports. Gasoline consumption in the U.S. is the lowest in almost a year and inventories are the highest since February 2011, Energy Information Administration data show.

Gasoline for February delivery fell 5.38 cents to settle at $2.7395 a gallon on the New York Mercantile Exchange, the biggest decline since Nov. 7 and lowest settlement since Dec. 21. Futures declined 0.9 percent this week, the second consecutive loss.

Visit Bloomberg via Yahoo! Finance for full article

REPLIES (newest first)Ignore Short Messages

TripleHs Champion Author Austin Posts:3,355 Points:918,840 Joined:Oct 2009	Message Posted: Jan 12, 2013 6:40:24 PM Ignore TripleHs Report Abuse prices way too high
ss70 Champion Author Detroit Posts:9,677 Points:1,872,050 Joined:Sep 2005	Message Posted: Jan 12, 2013 4:01:53 PM Ignore ss70 Report Abuse cheaper gas is needed.
humblepie Champion Author Toledo Posts:34,297 Points:2,373,320 Joined:Mar 2006	Message Posted: Jan 12, 2013 1:27:11 PM Ignore humblepie Report Abuse just not helping us at the pump
Pramodsharma Champion Author Richmond Posts:1,974 Points:388,140 Joined:Feb 2012	Message Posted: Jan 12, 2013 10:59:15 AM Ignore Pramodsharma Report Abuse This looks to be the right trend.
merlinCO Champion Author Colorado Posts:1,650 Points:343,345 Joined:Mar 2012	Message Posted: Jan 12, 2013 10:52:51 AM Ignore merlinCO Report Abuse Supply up, demand down yet price increases......get the speculators out of the market.
Pramodsharma Champion Author Richmond Posts:1,974 Points:388,140 Joined:Feb 2012	Message Posted: Jan 12, 2013 10:04:38 AM Ignore Pramodsharma Report Abuse Do not waste drive, It will save gas and bring gas prices tumbling down. Gas monopoly and we have to buy gas any price thing has gone in their mind
Gas_Eyes Champion Author Dallas Posts:2,687 Points:646,810 Joined:Mar 2011	Message Posted: Jan 12, 2013 9:24:56 AM Ignore Gas_Eyes Report Abuse Let's hope that it does not increase too fast towards $4.
cmmattia Champion Author Long Island Posts:1,994 Points:393,535 Joined:Mar 2012	Message Posted: Jan 12, 2013 9:09:05 AM Ignore cmmattia Report Abuse keep sliding :)P
skempton Champion Author Vermont Posts:1,149 Points:840,135 Joined:Apr 2010	Message Posted: Jan 12, 2013 9:01:25 AM Ignore skempton Report Abuse Prices at the pump are up in my area.
dr047 Champion Author Cleveland Posts:2,602 Points:519,395 Joined:Aug 2010	Message Posted: Jan 12, 2013 9:00:35 AM Ignore dr047 Report Abuse Yet prices at the pump went UP.
Wally3023 Champion Author Pennsylvania Posts:2,041 Points:542,150 Joined:Sep 2011	Message Posted: Jan 12, 2013 8:31:01 AM Ignore Wally3023 Report Abuse Down, down, down
doeslayersr Champion Author Illinois Posts:9,127 Points:873,955 Joined:Dec 2010	Message Posted: Jan 12, 2013 8:18:44 AM Ignore doeslayersr Report Abuse A few cents is no slip or slide in price. Now a $30 or $40 decline in the barrel price would be a slip and a slide.
txequitygas All-Star Author Houston Posts:804 Points:157,965 Joined:Dec 2012	Message Posted: Jan 12, 2013 8:05:35 AM Ignore txequitygas Report Abuse doesn't gasoline prices fall in the winter with less purchases?
Yooperheart Champion Author Michigan Posts:3,430 Points:528,975 Joined:Feb 2010	Message Posted: Jan 12, 2013 7:45:38 AM Ignore Yooperheart Report Abuse Gas does not slump, just lags at times.
peabeax55 All-Star Author Atlanta Posts:713 Points:185,515 Joined:Mar 2012	Message Posted: Jan 12, 2013 7:40:59 AM Ignore peabeax55 Report Abuse This article is misleading. Trend is definitely up for crude over the last several weeks.
OHIO50 All-Star Author Denver Posts:881 Points:1,021,725 Joined:Mar 2010	Message Posted: Jan 12, 2013 7:27:12 AM Ignore OHIO50 Report Abuse Nat. Gas slumps because of the supply.
pscamp Champion Author Ottawa Posts:3,292 Points:476,935 Joined:May 2011	Message Posted: Jan 12, 2013 7:26:56 AM Ignore pscamp Report Abuse OK
FPLREP Champion Author Virginia Posts:8,271 Points:2,450,200 Joined:Oct 2005	Message Posted: Jan 12, 2013 7:24:34 AM Ignore FPLREP Report Abuse With the recent inventory report, it should drop a lot more.
werich44 Champion Author California Posts:1,867 Points:470,905 Joined:Jun 2011	Message Posted: Jan 12, 2013 7:24:19 AM Ignore werich44 Report Abuse It no longer makes any difference how low the price of oil gets, gasoline will only continue to go up.
farmboyTN Champion Author Tennessee Posts:2,272 Points:451,260 Joined:Feb 2012	Message Posted: Jan 12, 2013 7:13:12 AM Ignore farmboyTN Report Abuse The price at the pump has slumped.
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: Jan 12, 2013 6:59:53 AM Ignore SUPERSTEVIEO Report Abuse so explain the cost at our pumps???????????????????????
grandpadon28110 Champion Author Charlotte Posts:4,726 Points:1,144,260 Joined:Sep 2008	Message Posted: Jan 12, 2013 6:53:38 AM Ignore grandpadon28110 Report Abuse Price at pump up 20 cents.
brbaritone Champion Author Virginia Posts:2,070 Points:1,699,725 Joined:Jan 2007	Message Posted: Jan 12, 2013 6:51:12 AM Ignore brbaritone Report Abuse Key points: 1) Brent crude retreated; 2) U.S. inventories are increasing; 3) demand is stagnant; 4) Gasoline consumption in the U.S. is the lowest in almost a year; 5) inventories are the highest since February 2011. When supply is high and demand is low, prices are supposed to go DOWN. So why are we paying $93 a barrel for oil and over $3.00 a gallon for gasoline? You only get one guess ... and the correct answer begins with the letter 's.'