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Author Topic: Oil price falls below $97 Back to Topics
mastermariner

Champion Author
Texas

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Message Posted: Jan 2, 2014 1:24:14 PM


Wholesale gasoline fell 5.4 cents to $2.732 a gallon.

— Natural gas futures rose 7.1 cents to $4.263 per 1,000 cubic feet.
The price of oil dropped 2 percent Thursday on expectations of higher global supplies and the impact of a strengthening dollar.

U.S. benchmark oil for February delivery was down $2.07 to $96.35 in midday trading in New York. Markets were closed Wednesday for New Year's Day.

Brent crude, a benchmark used to price international crude used by many U.S. refineries, was down $1.83 to $108.77 per barrel.

U.S. oil was lower for the third straight day after closing above $100 per barrel Friday for the first time since October. The price had been rising on growing consumption in the U.S. as the economy improves.

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oldmack
Champion Author Riverside

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Joined:Jan 2013
Message Posted: Jan 3, 2014 12:50:36 PM

Good!
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amerk73
Champion Author Dallas

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Points:2,269,195
Joined:Oct 2008
Message Posted: Jan 3, 2014 12:24:28 AM

now Crude Oil at
$95.44
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deputydog082
Champion Author Detroit

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Points:1,234,040
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Message Posted: Jan 3, 2014 12:07:06 AM

still waiting for gas prices to fall accordingly
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eomc17
Champion Author Tucson

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Points:157,725
Joined:Mar 2007
Message Posted: Jan 2, 2014 11:48:37 PM

WTI at 100$ a barrel was way too high to begin with. The most recent speculators' excuses for the rise in the price of WTI was unrest in South Sudan. WHAT DOES WTI CRUDE HAVE TO DO WITH SOUTH SUDAN? WTI is produced "HERE". We don't ship WTI "TO" the Middle East or "THROUGH" the Middle East.

I am sick and tired of our self-serving government letting this 10 year market price manipulation continue but our politicians would rather get six figure handouts from big oil companies and speculators who are overjoyed that they can rake in huge profits at our expense selling us their vastly overpriced gasoline.

But THAT'S reality, folks.
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CityCouponer
Champion Author New Orleans

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Message Posted: Jan 2, 2014 10:42:46 PM

Yea.
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esq262
Champion Author Asheville

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Message Posted: Jan 2, 2014 9:33:47 PM

Should be lower.
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Zeke33
Champion Author New Hampshire

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Joined:Sep 2005
Message Posted: Jan 2, 2014 9:10:57 PM

No drop at the pump here yet.
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SBlouch
Champion Author San Antonio

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Message Posted: Jan 2, 2014 7:49:42 PM

But I still do NOT see any lower prices at the pump. Prices in Northwest part of San Antonio staying the same.
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00MrSlate00
Champion Author Illinois

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Message Posted: Jan 2, 2014 6:41:19 PM

Talk about a FLEECE JOB.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 2, 2014 5:21:01 PM

Crude is now at $95.48 (a more realistic ripoff amount)
Wholesale gas: $2.70
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Jan 2, 2014 5:17:20 PM

Oil ended at $95.51 today and NEVER should have gotten this high. Just thank your neighborhood speculator!!!
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nybearhunter
Champion Author New York

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Message Posted: Jan 2, 2014 3:26:06 PM

yeah sure its for the day, but gas went up here 2 pennies so what does it matter anymore.
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cdanielwyke
Champion Author Greensboro

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Message Posted: Jan 2, 2014 3:11:00 PM

I would love to see an oil market crash.
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mdcsgt
Champion Author South Carolina

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Message Posted: Jan 2, 2014 3:03:48 PM

Gasoline currently DOWN 9.2 cents a gallon and Oil is DOWN $2.91 a barrel.

FALL BABY FALL!!!!!!!!!!!!! May they all lose their GREEDY shirts for the NEW YEAR

The FEDS are today's news. The economy is "so good" (lol) they MAY taper the stimulus money(free money-worthless) some more! This so-called "may happen" so the US dollar has strengthened which in turn causes Oil to decline. Libya was Tuesday's news



[Edited by: mdcsgt at 1/2/2014 3:07:32 PM EST]
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qwerty17
Champion Author New Jersey

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Message Posted: Jan 2, 2014 2:52:37 PM

fall baby fall.
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melekali
Champion Author New Mexico

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Message Posted: Jan 2, 2014 2:40:24 PM

Down, down, down down...
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scu227
Champion Author New Haven

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Message Posted: Jan 2, 2014 2:26:59 PM

Keep on going lower and lower and lower and lower !!!!!!!!
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bar1035
Champion Author Charlotte

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Message Posted: Jan 2, 2014 2:15:18 PM

You got a tax increase like NC busman.

Stock market down too today.
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Jeff4U
Champion Author Atlanta

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Message Posted: Jan 2, 2014 2:14:47 PM

Crude now at $95.79 (-$2.63) What happened?

Wholesale gas fell by 7¢ and is now $2.72
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velichita
Champion Author New Jersey

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Message Posted: Jan 2, 2014 2:11:20 PM

Keep dropping...
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Jan 2, 2014 2:01:53 PM

If the oil drop.Then why did gasoline prices go up in Georgia!!!!!!!!!!!!!!!
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citizen_joe
Rookie Author Missouri

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Message Posted: Jan 2, 2014 1:59:52 PM

So remind me again what the price breakdown of a gallon of gas is? I smell something other than funny math in the current gas prices.
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djwhit
Champion Author Ohio

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Message Posted: Jan 2, 2014 1:57:13 PM

SO,THE OIL COS KNOW THAT IT IS TO HIGH..........THAT IS GREED>>>>>>>>
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el_fr
Champion Author Massachusetts

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Message Posted: Jan 2, 2014 1:54:22 PM

Not a big deal
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7SPEEDY7
Champion Author Flint

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Message Posted: Jan 2, 2014 1:48:27 PM

not at the pump
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LostInNY
Champion Author New York

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Message Posted: Jan 2, 2014 1:46:18 PM

gee, ain't it funny how gas prices are still high even with oil dropping??
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YumaFellow
Champion Author Arizona

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Message Posted: Jan 2, 2014 1:44:19 PM

Seems like the price is still much higher than warranted.
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1GhettoWhipper
Champion Author Indianapolis

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Joined:Mar 2009
Message Posted: Jan 2, 2014 1:31:34 PM

haven't noticed
at the PUMP........
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mastermariner
Champion Author Texas

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Points:1,121,120
Joined:Jun 2011
Message Posted: Jan 2, 2014 1:24:39 PM

reversed since opening higher
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