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Author Topic: Oil falls, has 1st weekly decline since mid-June Back to Topics
Sanpoil

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Spokane

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Message Posted: Jul 27, 2013 12:01:24 AM

Oil falls, has 1st weekly decline since mid-June

NEW YORK (AP) — The oil market cooled off this week following some lofty gains.

Oil fell 79 cents to close at $104.70 Friday in New York. For the week, the price of oil fell $3.35, or 3.1 percent, the first weekly decline since mid-June.

Drivers saw a bit of relief. The average price of gasoline fell 2 cents over the past week to $3.65 a gallon. That’s still 11 cents higher than a month ago.

China, a major energy consumer, played a big role in this week’s decline in the price of oil. Traders were concerned over the country’s decision to press ahead with painful economic restructuring and forgo another round of stimulus even though growth has slowed.

Oil is still up $11, or 12 percent, since June 21, when it fell to $93.69.
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REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Jul 28, 2013 7:38:57 AM

not gonna see a change at the pump for a while - if any.
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gs7101
Champion Author San Antonio

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Message Posted: Jul 28, 2013 7:25:10 AM

This won't help gas prices at the pumps!
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Bezalel
Champion Author Oklahoma City

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Message Posted: Jul 28, 2013 1:30:57 AM

Some pump prices just rose here.
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Bigtex09
Champion Author Dallas

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Message Posted: Jul 28, 2013 12:14:23 AM

should keep falling
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bolobill
Champion Author Michigan

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Message Posted: Jul 28, 2013 12:05:08 AM

ok
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DragonLady76
Champion Author Illinois

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Message Posted: Jul 28, 2013 12:00:19 AM

OK!
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cnflash
Rookie Author Tulsa

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Message Posted: Jul 28, 2013 12:00:15 AM

Not fast enough.
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bobdec
Champion Author Miami

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Message Posted: Jul 27, 2013 11:58:23 PM

It would be nice if prices fall
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darkknight1
Champion Author Winston-Salem

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Message Posted: Jul 27, 2013 11:56:23 PM

Can't fall fast or far enough to suit me.
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ekidokai
Champion Author Maine

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Message Posted: Jul 27, 2013 11:56:07 PM

Good
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LQQKGAS
Champion Author Phoenix

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Message Posted: Jul 27, 2013 11:55:54 PM


Oil does not fall, It just has temporary setbacks on its way up!
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DarthDadJr
Champion Author Virginia

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Message Posted: Jul 27, 2013 11:49:02 PM

As long as things remain unsettled in Egypt, price won't drop too much.
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Buddy2264
Champion Author Tampa

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Message Posted: Jul 27, 2013 11:48:57 PM

Fuel prices went down $.05 in two days here at some stations and I just filled up.
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dld1295
All-Star Author Detroit

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Message Posted: Jul 27, 2013 11:48:24 PM

Oh what a big deal huh
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autohio
Champion Author Ohio

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Message Posted: Jul 27, 2013 11:47:50 PM

Thank goodness
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gilfarm
Champion Author Alabama

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Message Posted: Jul 27, 2013 11:47:43 PM

Come on down!
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serrog
Champion Author Nova Scotia

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Message Posted: Jul 27, 2013 11:46:14 PM

Only temporary
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bcok
Champion Author Los Angeles

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Message Posted: Jul 27, 2013 11:43:24 PM

drop, drop,drop
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mstearno
Champion Author Dayton

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Message Posted: Jul 27, 2013 11:40:40 PM

bring it on
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granitestater
Champion Author New Hampshire

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Message Posted: Jul 27, 2013 11:39:53 PM

Yea!
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thunderstruck
All-Star Author Chicago

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Message Posted: Jul 27, 2013 11:34:08 PM

I'm sure they'll be running across the parking lots of 7-11's everywhere with their turban tails flapping behind them to post lower prices.
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rawdog1313
Champion Author Lexington

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Message Posted: Jul 27, 2013 11:34:06 PM

Regulate Oil Speculation!
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59glide
Champion Author New Haven

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Message Posted: Jul 27, 2013 11:33:58 PM

Pennys
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BREW9
Champion Author Tampa

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Message Posted: Jul 27, 2013 11:33:02 PM

keep dropping
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BEADLADY2
Rookie Author San Francisco

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Message Posted: Jul 27, 2013 11:33:02 PM

now if it would only fall more at the pump!!
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Johnnyrebell12
Champion Author Massachusetts

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Message Posted: Jul 27, 2013 11:31:33 PM

LOL a whole $.79 drop that a drop in the bucket, especially with Ma talking of a three cent increase on the gas tax we wont be seeing a decrease on gas prices in this state for sure
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GasWhorier
Rookie Author Michigan

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Message Posted: Jul 27, 2013 11:30:50 PM

How long would you speculate this trend to continue? This has been a very rocky summer for gas prices.
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vcsuksu21
Champion Author Oklahoma City

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Message Posted: Jul 27, 2013 11:23:30 PM

price is not coming down here
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Neely8
Champion Author Boston

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Message Posted: Jul 27, 2013 11:20:03 PM

Good article
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millerin
Champion Author Orlando

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Message Posted: Jul 27, 2013 11:17:09 PM

very nice
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dbadave
Champion Author Colorado

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Message Posted: Jul 27, 2013 11:16:28 PM

this just in: crude oil up/down/whatever, retail gas still too high
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Redink
Champion Author Indianapolis

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Message Posted: Jul 27, 2013 11:15:45 PM

No explanation
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STLCARDSNATION
Champion Author Illinois

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Message Posted: Jul 27, 2013 11:14:34 PM

HOPE IT GOES LOWER!
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boatmen
Champion Author New York

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Message Posted: Jul 27, 2013 11:09:00 PM

pump prices till high 4.07
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BoerneWatch
Champion Author San Antonio

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Message Posted: Jul 27, 2013 11:07:34 PM

I don't know how much it declined but gas prices have dropped close to 15¢ here in the past few days.
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Carol7777
Champion Author Houston

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Message Posted: Jul 27, 2013 11:06:42 PM

Our gas prices have been stable for over a week. Then, the average dropped about one cent in the last couple of days. Not really noticeable.
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Lukus
Champion Author Halifax

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Message Posted: Jul 27, 2013 11:04:30 PM

Great
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daqw
Champion Author Mississippi

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Message Posted: Jul 27, 2013 11:04:20 PM

Ok
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Jb4588
Champion Author Mississippi

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Message Posted: Jul 27, 2013 11:02:14 PM

Ok
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bvrbill
Champion Author Eugene

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Message Posted: Jul 27, 2013 11:00:38 PM

Prices sure aren't falling much at the pump.
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NO_SWEAT
Champion Author Toronto

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Message Posted: Jul 27, 2013 11:00:23 PM

So?

What difference has this made at the pump.
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fieldt
Champion Author Lansing

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Message Posted: Jul 27, 2013 10:58:02 PM

Really hard to get excited about this.
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Blue48
Champion Author Illinois

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Message Posted: Jul 27, 2013 10:56:48 PM

UP..D0WN..UP..DOWN!
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shivarr
Champion Author New Jersey

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Message Posted: Jul 27, 2013 10:55:57 PM

up and down
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FlyNFool
Champion Author South Carolina

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Message Posted: Jul 27, 2013 10:53:52 PM

Up and down, it happens everyday.
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prassu2012
Champion Author Illinois

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Message Posted: Jul 27, 2013 10:53:41 PM

Yes
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walkingtall
Champion Author Toronto

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Message Posted: Jul 27, 2013 10:52:54 PM

oil falls,has first weekly decline since mid-June and traders are concerned over country's decision to press ahead with painful economic restructuring and forgo another round of stimulus even though growth has slowed.
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MotoDad
Champion Author Phoenix

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Message Posted: Jul 27, 2013 10:51:21 PM

Yes
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bevmill
Champion Author Georgia

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Message Posted: Jul 27, 2013 10:49:20 PM

Will it trickle down to the pump?
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cifuentesab
Champion Author Sacramento

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Message Posted: Jul 27, 2013 10:43:46 PM

And so what
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