Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:21 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil falls, has 1st weekly decline since mid-June Back to Topics
Sanpoil

Champion Author
Spokane

Posts:3,879
Points:703,375
Joined:Jun 2012
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.
Visit Boston.com for full article
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,722
Points:2,186,040
Joined:Nov 2008
Message Posted: Jul 28, 2013 7:38:57 AM

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

Posts:7,915
Points:538,370
Joined:Jun 2009
Message Posted: Jul 28, 2013 7:25:10 AM

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

Posts:14,608
Points:2,863,215
Joined:Oct 2006
Message Posted: Jul 28, 2013 1:30:57 AM

Some pump prices just rose here.
Profile Pic
Bigtex09
Champion Author Dallas

Posts:6,561
Points:1,725,175
Joined:Oct 2009
Message Posted: Jul 28, 2013 12:14:23 AM

should keep falling
Profile Pic
bolobill
Champion Author Michigan

Posts:18,461
Points:3,745,375
Joined:Mar 2004
Message Posted: Jul 28, 2013 12:05:08 AM

ok
Profile Pic
DragonLady76
Champion Author Illinois

Posts:2,203
Points:594,380
Joined:Feb 2009
Message Posted: Jul 28, 2013 12:00:19 AM

OK!
Profile Pic
cnflash
Rookie Author Tulsa

Posts:89
Points:197,665
Joined:Jan 2006
Message Posted: Jul 28, 2013 12:00:15 AM

Not fast enough.
Profile Pic
bobdec
Champion Author Miami

Posts:11,271
Points:2,316,270
Joined:May 2008
Message Posted: Jul 27, 2013 11:58:23 PM

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

Posts:6,795
Points:1,469,985
Joined:Nov 2010
Message Posted: Jul 27, 2013 11:56:23 PM

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

Posts:10,584
Points:1,823,885
Joined:Nov 2006
Message Posted: Jul 27, 2013 11:56:07 PM

Good
Profile Pic
LQQKGAS
Champion Author Phoenix

Posts:5,040
Points:1,758,655
Joined:Oct 2009
Message Posted: Jul 27, 2013 11:55:54 PM


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

Posts:9,091
Points:2,027,565
Joined:Jul 2008
Message Posted: Jul 27, 2013 11:49:02 PM

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

Posts:14,198
Points:2,936,145
Joined:Oct 2005
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.
Profile Pic
dld1295
All-Star Author Detroit

Posts:975
Points:766,360
Joined:Apr 2011
Message Posted: Jul 27, 2013 11:48:24 PM

Oh what a big deal huh
Profile Pic
autohio
Champion Author Ohio

Posts:5,261
Points:1,337,520
Joined:Jan 2011
Message Posted: Jul 27, 2013 11:47:50 PM

Thank goodness
Profile Pic
gilfarm
Champion Author Alabama

Posts:9,226
Points:2,514,600
Joined:Sep 2005
Message Posted: Jul 27, 2013 11:47:43 PM

Come on down!
Profile Pic
serrog
Champion Author Nova Scotia

Posts:8,051
Points:2,087,085
Joined:Oct 2008
Message Posted: Jul 27, 2013 11:46:14 PM

Only temporary
Profile Pic
bcok
Champion Author Los Angeles

Posts:3,204
Points:1,942,865
Joined:Oct 2005
Message Posted: Jul 27, 2013 11:43:24 PM

drop, drop,drop
Profile Pic
mstearno
Champion Author Dayton

Posts:9,516
Points:2,214,545
Joined:Jan 2008
Message Posted: Jul 27, 2013 11:40:40 PM

bring it on
Profile Pic
granitestater
Champion Author New Hampshire

Posts:11,805
Points:1,995,080
Joined:Oct 2008
Message Posted: Jul 27, 2013 11:39:53 PM

Yea!
Profile Pic
thunderstruck
All-Star Author Chicago

Posts:878
Points:1,143,575
Joined:Apr 2005
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.
Profile Pic
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,021,020
Joined:May 2008
Message Posted: Jul 27, 2013 11:34:06 PM

Regulate Oil Speculation!
Profile Pic
59glide
Champion Author New Haven

Posts:1,091
Points:1,525,475
Joined:Apr 2006
Message Posted: Jul 27, 2013 11:33:58 PM

Pennys
Profile Pic
BREW9
Champion Author Tampa

Posts:3,352
Points:3,486,785
Joined:Jun 2004
Message Posted: Jul 27, 2013 11:33:02 PM

keep dropping
Profile Pic
BEADLADY2
Rookie Author San Francisco

Posts:37
Points:7,425
Joined:Jun 2013
Message Posted: Jul 27, 2013 11:33:02 PM

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

Posts:1,515
Points:1,734,440
Joined:Aug 2005
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
Profile Pic
GasWhorier
Rookie Author Michigan

Posts:3
Points:1,885
Joined:Mar 2010
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.
Profile Pic
vcsuksu21
Champion Author Oklahoma City

Posts:2,543
Points:948,085
Joined:Dec 2010
Message Posted: Jul 27, 2013 11:23:30 PM

price is not coming down here
Profile Pic
Neely8
Champion Author Boston

Posts:2,488
Points:651,040
Joined:Feb 2013
Message Posted: Jul 27, 2013 11:20:03 PM

Good article
Profile Pic
millerin
Champion Author Orlando

Posts:4,283
Points:994,345
Joined:Jan 2012
Message Posted: Jul 27, 2013 11:17:09 PM

very nice
Profile Pic
dbadave
Champion Author Colorado

Posts:1,726
Points:500,000
Joined:May 2008
Message Posted: Jul 27, 2013 11:16:28 PM

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

Posts:9,458
Points:1,837,945
Joined:Aug 2005
Message Posted: Jul 27, 2013 11:15:45 PM

No explanation
Profile Pic
STLCARDSNATION
Champion Author Illinois

Posts:1,830
Points:385,085
Joined:Jul 2013
Message Posted: Jul 27, 2013 11:14:34 PM

HOPE IT GOES LOWER!
Profile Pic
boatmen
Champion Author New York

Posts:5,113
Points:1,114,695
Joined:Jan 2011
Message Posted: Jul 27, 2013 11:09:00 PM

pump prices till high 4.07
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:18,153
Points:3,030,115
Joined:Oct 2005
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.
Profile Pic
Carol7777
Champion Author Houston

Posts:97,912
Points:722,735
Joined:Dec 2012
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.
Profile Pic
Lukus
Champion Author Halifax

Posts:10,625
Points:2,229,935
Joined:Nov 2007
Message Posted: Jul 27, 2013 11:04:30 PM

Great
Profile Pic
daqw
Champion Author Mississippi

Posts:1,241
Points:307,255
Joined:Jul 2013
Message Posted: Jul 27, 2013 11:04:20 PM

Ok
Profile Pic
Jb4588
Champion Author Mississippi

Posts:1,500
Points:490,950
Joined:Apr 2013
Message Posted: Jul 27, 2013 11:02:14 PM

Ok
Profile Pic
bvrbill
Champion Author Eugene

Posts:6,996
Points:1,094,025
Joined:Jul 2011
Message Posted: Jul 27, 2013 11:00:38 PM

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

Posts:6,626
Points:1,618,050
Joined:Jul 2008
Message Posted: Jul 27, 2013 11:00:23 PM

So?

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

Posts:5,845
Points:1,282,150
Joined:Mar 2011
Message Posted: Jul 27, 2013 10:58:02 PM

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

Posts:9,804
Points:2,213,770
Joined:Feb 2007
Message Posted: Jul 27, 2013 10:56:48 PM

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

Posts:2,601
Points:657,750
Joined:Oct 2012
Message Posted: Jul 27, 2013 10:55:57 PM

up and down
Profile Pic
FlyNFool
Champion Author South Carolina

Posts:10,637
Points:2,256,370
Joined:Aug 2008
Message Posted: Jul 27, 2013 10:53:52 PM

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

Posts:2,913
Points:709,165
Joined:Dec 2012
Message Posted: Jul 27, 2013 10:53:41 PM

Yes
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,365
Points:1,682,480
Joined:Nov 2004
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.
Profile Pic
MotoDad
Champion Author Phoenix

Posts:1,753
Points:1,286,635
Joined:Sep 2006
Message Posted: Jul 27, 2013 10:51:21 PM

Yes
Profile Pic
bevmill
Champion Author Georgia

Posts:4,904
Points:1,164,915
Joined:Apr 2006
Message Posted: Jul 27, 2013 10:49:20 PM

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

Posts:2,980
Points:1,072,330
Joined:Jul 2011
Message Posted: Jul 27, 2013 10:43:46 PM

And so what
Post a reply Back to Topics