Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:09 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil price falls below $97 Back to Topics
mastermariner

Champion Author
Texas

Posts:12,422
Points:961,935
Joined:Jun 2011
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.

Visit AP for full article
REPLIES (newest first) Post a Reply
Profile Pic
oldmack
Champion Author Riverside

Posts:1,731
Points:180,400
Joined:Jan 2013
Message Posted: Jan 3, 2014 12:50:36 PM

Good!
Profile Pic
amerk73
Champion Author Dallas

Posts:9,299
Points:2,107,645
Joined:Oct 2008
Message Posted: Jan 3, 2014 12:24:28 AM

now Crude Oil at
$95.44
Profile Pic
deputydog082
Champion Author Detroit

Posts:3,589
Points:1,087,735
Joined:Apr 2011
Message Posted: Jan 3, 2014 12:07:06 AM

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

Posts:2,194
Points:156,300
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.
Profile Pic
CityCouponer
Champion Author New Orleans

Posts:2,330
Points:509,595
Joined:Aug 2012
Message Posted: Jan 2, 2014 10:42:46 PM

Yea.
Profile Pic
esq262
Champion Author Asheville

Posts:5,012
Points:1,127,375
Joined:Jul 2011
Message Posted: Jan 2, 2014 9:33:47 PM

Should be lower.
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,354
Points:1,970,480
Joined:Sep 2005
Message Posted: Jan 2, 2014 9:10:57 PM

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

Posts:10,823
Points:2,304,795
Joined:Apr 2007
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.
Profile Pic
00MrSlate00
Champion Author Illinois

Posts:2,437
Points:553,545
Joined:Feb 2013
Message Posted: Jan 2, 2014 6:41:19 PM

Talk about a FLEECE JOB.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,088
Points:2,337,410
Joined:Nov 2004
Message Posted: Jan 2, 2014 5:21:01 PM

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

Posts:4,125
Points:1,181,630
Joined:May 2010
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!!!
Profile Pic
nybearhunter
Champion Author New York

Posts:2,155
Points:400,975
Joined:Jul 2012
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.
Profile Pic
cdanielwyke
Champion Author Greensboro

Posts:2,989
Points:704,195
Joined:Sep 2008
Message Posted: Jan 2, 2014 3:11:00 PM

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

Posts:1,619
Points:450,820
Joined:Feb 2013
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]
Profile Pic
qwerty17
Champion Author New Jersey

Posts:5,511
Points:1,578,990
Joined:Oct 2009
Message Posted: Jan 2, 2014 2:52:37 PM

fall baby fall.
Profile Pic
melekali
Champion Author New Mexico

Posts:1,561
Points:1,104,445
Joined:Dec 2006
Message Posted: Jan 2, 2014 2:40:24 PM

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

Posts:6,591
Points:1,258,030
Joined:Feb 2011
Message Posted: Jan 2, 2014 2:26:59 PM

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

Posts:12,458
Points:1,786,550
Joined:Aug 2006
Message Posted: Jan 2, 2014 2:15:18 PM

You got a tax increase like NC busman.

Stock market down too today.
Profile Pic
Jeff4U
Champion Author Atlanta

Posts:11,088
Points:2,337,410
Joined:Nov 2004
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
Profile Pic
velichita
Champion Author New Jersey

Posts:2,151
Points:592,620
Joined:Dec 2012
Message Posted: Jan 2, 2014 2:11:20 PM

Keep dropping...
Profile Pic
BUSMAN1105
Champion Author Atlanta

Posts:3,624
Points:1,611,990
Joined:Aug 2008
Message Posted: Jan 2, 2014 2:01:53 PM

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

Posts:47
Points:227,655
Joined:Jun 2011
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.
Profile Pic
djwhit
Champion Author Ohio

Posts:5,065
Points:1,682,755
Joined:Jul 2009
Message Posted: Jan 2, 2014 1:57:13 PM

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

Posts:5,621
Points:1,234,705
Joined:Apr 2011
Message Posted: Jan 2, 2014 1:54:22 PM

Not a big deal
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:3,179
Points:1,073,595
Joined:May 2011
Message Posted: Jan 2, 2014 1:48:27 PM

not at the pump
Profile Pic
LostInNY
Champion Author New York

Posts:3,963
Points:1,133,150
Joined:Apr 2011
Message Posted: Jan 2, 2014 1:46:18 PM

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

Posts:3,506
Points:1,072,730
Joined:Jan 2011
Message Posted: Jan 2, 2014 1:44:19 PM

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

Posts:2,117
Points:1,462,600
Joined:Mar 2009
Message Posted: Jan 2, 2014 1:31:34 PM

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

Posts:12,422
Points:961,935
Joined:Jun 2011
Message Posted: Jan 2, 2014 1:24:39 PM

reversed since opening higher
Post a reply Back to Topics