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Author Topic: High Gas Prices: Relief at the Pump Coming Soon, Says Citigroup’s Morse Back to Topics
df99

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Chattanooga

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Message Posted: Jul 26, 2013 11:40:44 AM

At the beginning of July, U.S. oil topped $100 a barrel for the first time this year, and it hasn’t gone back below that threshold since.

And at the pump, drivers are paying more for gasoline, at an average of $3.66/gallon (as of Wednesday) versus $3.48 a year ago and $3.57 a month ago.

So why, you may ask, have prices been rising when crude oil production in this country grew by more than one million barrels a day last year, the largest increase in the world and in U.S. history? And when all we seem to hear about is a U.S. energy revolution?

The short answer, is that we did see that impact on oil prices – they had fallen and come unhinged from the world market.
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SammyAdams
Champion Author Tallahassee

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Message Posted: Jul 27, 2013 11:56:35 PM

They cannot come soon enough for me, however, nobody is "holding their breath" in anticipation of lower prices.
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millerin
Champion Author Orlando

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Message Posted: Jul 27, 2013 11:17:43 PM

would nice
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lesndave
Champion Author Texas

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Message Posted: Jul 27, 2013 11:14:19 PM

Yeah, right......
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PDQBlues
Champion Author San Diego

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Message Posted: Jul 27, 2013 8:23:58 PM


DanMtz: That's this week's prediction.

That's true. But this one is coming from one of the banking corporations that's responsible for manipulating prices. So Morse speaks with greater authority.
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DanMtz
Champion Author Oakland

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Message Posted: Jul 27, 2013 1:46:22 PM

That's this week's prediction.
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eye-spy
Champion Author Quebec

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Message Posted: Jul 27, 2013 1:28:12 PM

I'll believe it when I see it.
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NedW
Champion Author Indianapolis

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Message Posted: Jul 27, 2013 1:09:57 PM

Thank you for submitting this article, df99.
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blupupher
Champion Author Houston

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Message Posted: Jul 27, 2013 11:27:51 AM

hope so
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dandvicb
Champion Author Bridgeport

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Message Posted: Jul 27, 2013 9:30:24 AM

PURE SPECULATION & GREED!!!
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scu227
Champion Author New Haven

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Message Posted: Jul 27, 2013 8:45:27 AM

I'm still waiting for the last drop that turned into a 40-50 cent increase.
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werich44
Champion Author California

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Message Posted: Jul 27, 2013 7:19:30 AM

Just one more meaningless forecast.
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Bearcat500
Champion Author Cincinnati

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Message Posted: Jul 27, 2013 2:06:33 AM

Here we go again. Didn't they say this in January? How did that work out?
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sickhp
Champion Author San Antonio

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Message Posted: Jul 27, 2013 12:34:07 AM

Drill baby drill in all of America.
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rahcat
Champion Author Grand Rapids

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Message Posted: Jul 27, 2013 12:17:00 AM

What are you smoking?
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jul 26, 2013 11:41:46 PM

As quickly as oil has jumped in the past three weeks, it will take three months or longer to get the price back down. They will hold on to these higher prices for as long as possible!!!!
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tnfran
Champion Author Arizona

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Message Posted: Jul 26, 2013 10:30:40 PM

Yeah, yeah, Blah, blah.
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Flashcube
All-Star Author Nashville

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Message Posted: Jul 26, 2013 9:48:23 PM


Still falling here in the southeast too!
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SUNOIL
Champion Author Toledo

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Message Posted: Jul 26, 2013 7:48:18 PM

We are now down to $3.18 at some stations
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PathfinderSC
Champion Author South Carolina

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Message Posted: Jul 26, 2013 7:47:30 PM

Hope it is not just wishful thinking.
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USMCturtlehead
Champion Author Lexington

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Message Posted: Jul 26, 2013 6:32:28 PM

Drop of 1 or 2 cents means nothing. Drop it 1or 2 dollars and now your talking.
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90_Exit9
Veteran Author Albany

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Message Posted: Jul 26, 2013 6:01:53 PM

http://finance.yahoo.com/blogs/daily-ticker/high-gas-prices-relief-pump-coming-soon-says-121618842.html

This is again the link to the full story. Thanks df99! (df99 posted the link again in an earlier post)
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amerk73
Champion Author Dallas

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Message Posted: Jul 26, 2013 5:48:31 PM

here $3.47
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lcleveland
Champion Author San Antonio

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Message Posted: Jul 26, 2013 4:43:00 PM

agree completely with bwatchingu
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Rayfuel
All-Star Author Houston

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Message Posted: Jul 26, 2013 4:13:59 PM

Supply and demand!
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VanIsleRover
Champion Author British Columbia

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Message Posted: Jul 26, 2013 4:10:21 PM

File directory error 404
article tells me.
thanks df99 for link.
However, my comment is:
during holiday tourism season, gas prices are high to get more $$$$ from our tourists... and us locals who are long suffering.
Taxes paid to govt are misused. Where does all the money go?
Rant! Rant!
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bwatchingu
Champion Author Arkansas

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Message Posted: Jul 26, 2013 2:18:21 PM

Believe it when I see it.Goes up 40¢ then down maybe 2¢.
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Taxrefugee
Champion Author Arizona

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Message Posted: Jul 26, 2013 1:49:24 PM

Needs to down, way way down
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lilyrpi
Rookie Author Massachusetts

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Message Posted: Jul 26, 2013 1:11:47 PM

jUST GETTING higher and higher......just go down jeeez
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humblepie
Champion Author Toledo

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Message Posted: Jul 26, 2013 12:55:48 PM

wake me we it gets below $2 at the pump
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whitebear1883
Champion Author Oakland

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Message Posted: Jul 26, 2013 12:51:07 PM

Not holding my breath...
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djwhit
Champion Author Ohio

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Message Posted: Jul 26, 2013 12:45:50 PM

YEP,RIGHT..........
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Cothrom
Champion Author South Carolina

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Message Posted: Jul 26, 2013 12:27:46 PM

Will believe it when it happens
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Jul 26, 2013 12:18:54 PM

He probably means that when they have taken every drop of blood we have.
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df99
All-Star Author Chattanooga

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Message Posted: Jul 26, 2013 12:16:12 PM

Let's try again for the original article:
High gas prices relief coming soon says Citigroup's Morse



[Edited by: df99 at 7/26/2013 12:17:43 PM EST]
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wrunner
Champion Author Virginia

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Message Posted: Jul 26, 2013 12:13:59 PM

Relief at the pump coming soon, says Citigroup's morasses.

Easy for them to say, it's not there asses on the line.

Pull their head out of their ass and assume the ass position.
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ds2dale
Rookie Author California

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Message Posted: Jul 26, 2013 12:13:53 PM

For some reason, I can't seem to get to the original article.

However, I believe that the author meant to say 'disconnected' rather than 'unhinged'. 'Unhinged' means daft, cuckoo, nuts. It doesn't apply here.
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OTISFL
Champion Author Pensacola

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Message Posted: Jul 26, 2013 12:06:53 PM

Heads buried DEEP in the sands!
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schatzila
Champion Author Los Angeles

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Message Posted: Jul 26, 2013 12:06:50 PM

believe it when I see it.
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lesabreAZ
Champion Author Phoenix

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Message Posted: Jul 26, 2013 11:59:01 AM

what, $90 a barrel was unhinged?
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NoSoup4U
Champion Author Raleigh

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Message Posted: Jul 26, 2013 11:56:48 AM

Bunk.
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mastermariner
Champion Author Texas

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Message Posted: Jul 26, 2013 11:43:47 AM

Dream on
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df99
All-Star Author Chattanooga

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Message Posted: Jul 26, 2013 11:42:45 AM

It certainly would be nice to see some relief. I really have doubts no matter what the US may produce. I fear it would simply be shipped overseas to make more profits for big oil.
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