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Author	Topic: Oil Drops On US Supplies; Pump Price Down To $3.73	Post a Reply Back to Topics

beta11 Rookie Author Illinois Posts:3 Points:646,360 Joined:Feb 2011	Message Posted: Mar 7, 2013 6:34:10 AM Ignore beta11 Report Abuse NEW YORK (AP) — The price of oil fell below $90 a barrel Wednesday after the U.S. government said that crude supplies are now 10 percent higher than a year ago. At midday, benchmark oil for April delivery was down 79 cents to $90.03 a barrel on the New York Mercantile Exchange. It fell as low $89.55 after the government reported a big increase in the nation's stockpile of oil. U.S. oil supplies grew last week by 3.8 million barrels, or 0.4 percent, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected an increase of 1.1 million barrels. At 381.4 million barrels, the nation's supply of crude is 10.3 percent above year-ago levels. Visit NPR for full article

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Illinois

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NEW YORK (AP) — The price of oil fell below $90 a barrel Wednesday after the U.S. government said that crude supplies are now 10 percent higher than a year ago.

At midday, benchmark oil for April delivery was down 79 cents to $90.03 a barrel on the New York Mercantile Exchange. It fell as low $89.55 after the government reported a big increase in the nation's stockpile of oil.

U.S. oil supplies grew last week by 3.8 million barrels, or 0.4 percent, the Energy Department's Energy Information Administration said in its weekly report. Analysts expected an increase of 1.1 million barrels. At 381.4 million barrels, the nation's supply of crude is 10.3 percent above year-ago levels.
Visit NPR for full article

REPLIES (newest first)Ignore Short Messages

gs7101 Champion Author San Antonio Posts:5,533 Points:389,120 Joined:Jun 2009	Message Posted: Mar 8, 2013 7:42:32 AM Ignore gs7101 Report Abuse Gas prices are still too damn high!
NedW Champion Author Indianapolis Posts:5,625 Points:1,144,195 Joined:Mar 2008	Message Posted: Mar 8, 2013 5:50:48 AM Ignore NedW Report Abuse Thank you for submitting this article, beta11.
DrCashFlow Champion Author Massachusetts Posts:7,075 Points:1,629,095 Joined:Jun 2008	Message Posted: Mar 8, 2013 3:57:57 AM Ignore DrCashFlow Report Abuse noise
52MPG Champion Author Dayton Posts:7,277 Points:1,744,630 Joined:Apr 2006	Message Posted: Mar 8, 2013 2:51:34 AM Ignore 52MPG Report Abuse Keep on dropping.
bston Champion Author Oklahoma City Posts:1,830 Points:644,225 Joined:Mar 2011	Message Posted: Mar 8, 2013 12:19:23 AM Ignore bston Report Abuse Prices vary across the country.
investmentdr Champion Author Cleveland Posts:4,039 Points:1,457,000 Joined:Sep 2008	Message Posted: Mar 7, 2013 2:19:13 PM Ignore investmentdr Report Abuse down is good
dandvicb Champion Author Bridgeport Posts:1,237 Points:1,078,680 Joined:Jul 2004	Message Posted: Mar 7, 2013 1:34:13 PM Ignore dandvicb Report Abuse LOL.... over $4 here!
ss70 Champion Author Detroit Posts:9,677 Points:1,872,050 Joined:Sep 2005	Message Posted: Mar 7, 2013 10:38:52 AM Ignore ss70 Report Abuse Time for US govt promote nat gas cars and infra along with EVs
Jeff4U Champion Author Atlanta Posts:8,767 Points:1,855,070 Joined:Nov 2004	Message Posted: Mar 7, 2013 10:37:04 AM Ignore Jeff4U Report Abuse This didn't last very long. Crude is now at $91.30
scu227 Champion Author New Haven Posts:4,162 Points:773,830 Joined:Feb 2011	Message Posted: Mar 7, 2013 9:32:13 AM Ignore scu227 Report Abuse Keep on falling!!!! Supplies are more than ample, production is increasing and demand is down.
Buckeyee Champion Author Maine Posts:4,616 Points:901,575 Joined:May 2010	Message Posted: Mar 7, 2013 9:11:08 AM Ignore Buckeyee Report Abuse Up one day, down the next, those oil speculators are playing games. The federal government is no where insight !!
pilotmass Champion Author Boston Posts:1,836 Points:504,560 Joined:Jul 2011	Message Posted: Mar 7, 2013 8:48:25 AM Ignore pilotmass Report Abuse yoyo
streetdesign All-Star Author Illinois Posts:551 Points:577,695 Joined:May 2011	Message Posted: Mar 7, 2013 8:28:17 AM Ignore streetdesign Report Abuse Finally the pump prices reflect the decline but still needs to come down more.
brbaritone Champion Author Virginia Posts:2,070 Points:1,699,725 Joined:Jan 2007	Message Posted: Mar 7, 2013 8:23:35 AM Ignore brbaritone Report Abuse No change in the Northern Shenandoah Valley. I'm waiting.
AVKZ All-Star Author Kalamazoo Posts:851 Points:295,000 Joined:Apr 2012	Message Posted: Mar 7, 2013 8:02:47 AM Ignore AVKZ Report Abuse Down to 3.63 here.
sabre75 Champion Author Florida Posts:1,663 Points:340,395 Joined:May 2012	Message Posted: Mar 7, 2013 7:53:25 AM Ignore sabre75 Report Abuse Low here 3.73
leeac Champion Author Ohio Posts:1,606 Points:435,855 Joined:Jan 2012	Message Posted: Mar 7, 2013 7:49:57 AM Ignore leeac Report Abuse Price up, demand down, supply up, price down.
BigRedVTX All-Star Author Georgia Posts:882 Points:505,005 Joined:Jun 2011	Message Posted: Mar 7, 2013 7:43:33 AM Ignore BigRedVTX Report Abuse And from East Atlanta to Cornelia, prices are between 3.65 and 3.72
wrunner Champion Author Virginia Posts:4,455 Points:1,138,535 Joined:Dec 2009	Message Posted: Mar 7, 2013 7:34:26 AM Ignore wrunner Report Abuse It is $3.43 around here.
bar1035 Champion Author Charlotte Posts:9,172 Points:1,300,170 Joined:Aug 2006	Message Posted: Mar 7, 2013 7:16:41 AM Ignore bar1035 Report Abuse Nobody wants to drop prices along my route
gs7101 Champion Author San Antonio Posts:5,533 Points:389,120 Joined:Jun 2009	Message Posted: Mar 7, 2013 7:16:00 AM Ignore gs7101 Report Abuse Gas prices are still too high!
humblepie Champion Author Toledo Posts:34,304 Points:2,373,320 Joined:Mar 2006	Message Posted: Mar 7, 2013 7:11:17 AM Ignore humblepie Report Abuse still up $2 a gallon from 1/20/2009
335d1 Champion Author Virginia Posts:2,391 Points:760,995 Joined:Feb 2011	Message Posted: Mar 7, 2013 7:07:18 AM Ignore 335d1 Report Abuse I'd like to see the drop in N. VA.
eyegotgas2 Champion Author British Columbia Posts:1,111 Points:259,130 Joined:Sep 2011	Message Posted: Mar 7, 2013 7:06:36 AM Ignore eyegotgas2 Report Abuse Prices for gas seem to be going up in BC
ClarkSC Champion Author South Carolina Posts:3,090 Points:1,014,270 Joined:May 2010	Message Posted: Mar 7, 2013 7:03:19 AM Ignore ClarkSC Report Abuse Where?
Rockyguitar Champion Author Tampa Posts:2,572 Points:1,204,520 Joined:Sep 2008	Message Posted: Mar 7, 2013 6:38:11 AM Ignore Rockyguitar Report Abuse Big flippin deal!!!