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Author Topic: Gas, oil prices dip as shale crude tapped Back to Topics
Minutefan

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Springfield

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Message Posted: Jun 17, 2013 9:53:43 AM

Long Islanders paying $3.80 a gallon for regular gasoline and $4 for heating oil might be skeptical, but experts say fuel from shale formations in North Dakota and other states will put downward pressure on prices for years to come.

The costs of gas and heating oil have risen by 13 percent and 21 percent respectively in five years, squeezing pocketbooks during a period of recession and troubled economic recovery marked by unemployment as high as 8.3 percent on the Island, home prices that fell as much as 21 percent from their peak in 2007 and major employers such as Northrop Grumman and OSI Pharmaceuticals cutting good jobs or leaving altogether.

Now, a new American oil boom is changing the rules of the world petroleum game, say experts, reducing OPEC's influence on the market, lessening
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52MPG
Champion Author Dayton

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Message Posted: Jun 18, 2013 3:38:02 PM

Not a big enough dip for me.
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doctorindyj
Champion Author Santa Fe

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Message Posted: Jun 18, 2013 11:03:24 AM

It's up, it's down, it's all around. But mostly up.
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bwatchingu
Champion Author Arkansas

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Message Posted: Jun 17, 2013 6:36:14 PM

hmmm
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rcornel
Champion Author San Diego

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Message Posted: Jun 17, 2013 1:36:19 PM

Prices are not down here in SoCal.
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werich44
Champion Author California

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Message Posted: Jun 17, 2013 1:16:50 PM

Don't know where they are getting their information from but that's not going to happen unless laws are passed to limit speculators.
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tnfran
Champion Author Arizona

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Message Posted: Jun 17, 2013 12:59:11 PM

Still too high.
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Dr Gas
Champion Author Twin Cities

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Message Posted: Jun 17, 2013 12:50:53 PM

BS, BS, BS and more BS.

Just another writer that DOES NOT understand HOW oil / gas is priced!
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streetdesign
Champion Author Illinois

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Message Posted: Jun 17, 2013 12:44:38 PM

Crude prices are trading around $98 so don't see it helping bring down prices. It may be way down the road.
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ObieDog
Champion Author Maryland

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Message Posted: Jun 17, 2013 12:08:50 PM

Huh?
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schatzila
Champion Author Los Angeles

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Message Posted: Jun 17, 2013 12:05:06 PM

then the price will rise again.
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lesabreAZ
Champion Author Phoenix

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Message Posted: Jun 17, 2013 12:01:12 PM

crude oil is up to $98 just in time for July 4th
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pilotmass
Champion Author Boston

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Message Posted: Jun 17, 2013 11:50:04 AM

I haven't seen any benefit yet.
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zuess28
Champion Author Allentown

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Message Posted: Jun 17, 2013 11:16:07 AM

Luckily there holding steady here.
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qwerty17
Champion Author New Jersey

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Message Posted: Jun 17, 2013 10:58:40 AM

dip baby dip.
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bluebird1
Champion Author Toronto

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Message Posted: Jun 17, 2013 10:58:05 AM

Was it not just yesterday I read Oil prices going up worldwide (incl. N.A.)because of Syrian conflict?????
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mastermariner
Champion Author Texas

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Message Posted: Jun 17, 2013 10:57:15 AM

Who ever thinks gas etc is going down live on another planet
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rjojo40
Champion Author Las Vegas

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Message Posted: Jun 17, 2013 10:57:13 AM

Where ever there dipping let me know, here they just keep rising. Whats going on besides greed.
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jun 17, 2013 10:34:19 AM

good, that means gasoline prices should go down more!!!!!!!!!!!!!!!!!!!!!!
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Taxrefugee
Champion Author Arizona

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Message Posted: Jun 17, 2013 10:31:35 AM

Oil without a refinery to process it isn't worth much
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dabayer
Champion Author New Hampshire

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Message Posted: Jun 17, 2013 10:19:39 AM

The crude and/or finished products are sold to world market prices, NO difference for the US consumer!
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humblepie
Champion Author Toledo

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Message Posted: Jun 17, 2013 10:14:26 AM

only if we have new refineries built in america
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tclbbs
Champion Author Columbus

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Message Posted: Jun 17, 2013 10:13:24 AM

Yeah yeah yeah ... and "KING" NObama will make sure that we will NEVER see $2 gas again.
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Wally3023
Champion Author Pennsylvania

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Message Posted: Jun 17, 2013 10:05:48 AM

Good to know
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