Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:22 PM

GasBuddy News Article

40
votes
Oil rises to highest price since May 11

The Associated Press -- Published: August 17th, 2012 12:08 PM
Last Modified: August 17th, 2012 12:15 PM

The price of oil ended at its highest point in three months Friday, with four straight days of gains, on signs U.S. consumers are gaining confidence in the economy.

On the New York Mercantile Exchange:

Benchmark crude rose 41 cents in New York to end at $96.01 per barrel.

Heating oil fell 3 cents to finish at $3.09 per gallon.

Wholesale gasoline fell 6 cents to end at $3.03 per gallon.

Natural gas fell 5 cents to finish at $2.72 per 1,000 cubic feet.

On the ICE Futures exchange in London:
Brent crude fell $1.56 to end at $113.71 a barrel.


Read the Full Article

Submitted Aug 18, 2012 By: Nitewolf
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil rises to highest price since May 11 Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,993
Points:2,223,190
Joined:Nov 2008
Message Posted: Aug 21, 2012 5:06:16 AM

specutraitors fueling Pig Banks' and Pig Oil's greed.
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,832
Points:1,190,920
Joined:Sep 2011
Message Posted: Aug 19, 2012 5:47:49 PM

Just the beginning.
Profile Pic
puinsai808
Champion Author Honolulu

Posts:6,148
Points:1,332,760
Joined:May 2011
Message Posted: Aug 19, 2012 11:49:46 AM

...and gasoline prices are following right behind.
Profile Pic
07skydriver
Champion Author Ohio

Posts:5,560
Points:1,578,100
Joined:Feb 2009
Message Posted: Aug 19, 2012 7:10:11 AM

Just stay home.
Profile Pic
eomc17
Champion Author Tucson

Posts:2,215
Points:157,725
Joined:Mar 2007
Message Posted: Aug 19, 2012 6:42:37 AM

OIL AND GAS PRICES HAVE BEEN HYPERINFLATED FOR THE PAST NINE YEARS.
LAST YEAR WE HAD A ALL-TIME HIGH RECORD AVERAGE GAS PRICE AND WE ARE HEADING THERE AGAIN. LAST MONTH WE HAD A 47 MONTH LOW OF GAS CONSUMPTION, AND THIS IS SUPPOSED TO BE THE "DRIVING SEASON". IT SEEMS THAT NO MATTER HOW MUCH WE CONSERVE, THE PRICE OF GASOLINE KEEPS GOING UP WHILE OIL IS NOWHERE NEAR ITS RECORD HIGH OF 147$ A BARREL. THIS IS MAJOR BILLSHUT, WASHINGTON.

PEOPLE, IT'S TIME TO VOTE CORRUPT POLITICIANS OUT OF OFFICE. BUT DON'T STOP HERE. GO OUT AND PROTEST THE WRONGDOINGS OR IGNORANCE OF OUR GOVERNMENT, WHICH IS SUPPOSED TO BE DEMOCRATIC...AND "FOR THE PEOPLE", YET THEY RAM OBAMACARE AND ETHANOL DOWN OUR THROATS WITHOUT ASKING US IF WE EVER WANTED THIS CRAP.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Aug 19, 2012 1:25:01 AM

Gas prices are too high.
Profile Pic
dongo50
Champion Author West Virginia

Posts:16,258
Points:2,571,795
Joined:Jul 2006
Message Posted: Aug 18, 2012 11:16:13 PM

who cares? maybe investors?
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,511
Points:2,817,345
Joined:Oct 2005
Message Posted: Aug 18, 2012 11:08:17 PM

Need to go down down down.
Profile Pic
farn1958
All-Star Author Twin Cities

Posts:886
Points:183,385
Joined:Feb 2011
Message Posted: Aug 18, 2012 11:07:10 PM

more BS.
Profile Pic
NorthglennBill
Champion Author Denver

Posts:9,931
Points:2,066,025
Joined:Oct 2008
Message Posted: Aug 18, 2012 11:06:19 PM

Up and down, up and down.
Profile Pic
Quick68
Champion Author Columbus

Posts:11,872
Points:1,839,125
Joined:Dec 2009
Message Posted: Aug 18, 2012 11:06:07 PM

The last article just said that the prices were dropping. What's up outside of the price of gas?
Profile Pic
SteelPenny
Champion Author Dallas

Posts:36,992
Points:3,217,065
Joined:Sep 2005
Message Posted: Aug 18, 2012 11:05:42 PM

The prices will keep on going UP.
Profile Pic
yakstar
Champion Author Montreal

Posts:4,840
Points:1,068,150
Joined:Jan 2012
Message Posted: Aug 18, 2012 11:02:46 PM

hopefully, gas will be 49 cents/gallon by November!
Profile Pic
Cashless
Champion Author Akron

Posts:6,167
Points:1,347,135
Joined:Apr 2011
Message Posted: Aug 18, 2012 11:02:09 PM

Way to go, jerks.
Profile Pic
ratboy1968
Champion Author Montreal

Posts:5,249
Points:1,161,900
Joined:Oct 2011
Message Posted: Aug 18, 2012 11:01:46 PM

ok
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,224
Points:1,804,320
Joined:Aug 2008
Message Posted: Aug 18, 2012 10:58:51 PM

Totally optimistic.
Profile Pic
NHLiveFree
Champion Author New Hampshire

Posts:14,106
Points:2,217,490
Joined:Jun 2008
Message Posted: Aug 18, 2012 10:58:36 PM

Again and again!
Profile Pic
trytogetby
Champion Author Cincinnati

Posts:1,149
Points:283,660
Joined:Apr 2012
Message Posted: Aug 18, 2012 10:55:42 PM

Sticking to the common man over & over.
Profile Pic
milespergallon
Champion Author Illinois

Posts:12,287
Points:2,509,925
Joined:Feb 2007
Message Posted: Aug 18, 2012 10:55:01 PM

Specu-traitors
Profile Pic
erbyfub
Champion Author Raleigh

Posts:11,144
Points:2,263,275
Joined:Jul 2008
Message Posted: Aug 18, 2012 10:55:00 PM

peoples gotta start driving more conservatively
Profile Pic
boatmen
Champion Author New York

Posts:5,269
Points:1,152,270
Joined:Jan 2011
Message Posted: Aug 18, 2012 10:52:57 PM

greedy biches
Profile Pic
abcdMA
Champion Author Worcester

Posts:10,507
Points:2,174,515
Joined:Nov 2008
Message Posted: Aug 18, 2012 10:51:11 PM

imagine what oil from Canada could do for us!?!?
Profile Pic
toadNY
Champion Author Albany

Posts:9,725
Points:2,126,625
Joined:Apr 2008
Message Posted: Aug 18, 2012 10:45:49 PM

Explains the rise in gas prices.
Profile Pic
DandyDapple
All-Star Author North Dakota

Posts:715
Points:750,020
Joined:Sep 2008
Message Posted: Aug 18, 2012 10:45:12 PM

...
Profile Pic
Blue48
Champion Author Illinois

Posts:9,956
Points:2,250,920
Joined:Feb 2007
Message Posted: Aug 18, 2012 10:43:03 PM

UP..DOWN..UP..DOWN!
Profile Pic
NashGas
Champion Author Nashville

Posts:3,669
Points:879,980
Joined:Dec 2009
Message Posted: Aug 18, 2012 10:43:01 PM

ok
Profile Pic
carloco75
Champion Author Richmond

Posts:6,331
Points:1,194,895
Joined:Oct 2010
Message Posted: Aug 18, 2012 10:39:44 PM

Until the next "highest price"...
Profile Pic
darkknight1
Champion Author Winston-Salem

Posts:6,940
Points:1,506,910
Joined:Nov 2010
Message Posted: Aug 18, 2012 10:37:59 PM

Even if the "consumers" were "gaining confidence in the economy" the higher gas prices will put a stop to any growth.
Profile Pic
hauler43
Champion Author Oakland

Posts:8,158
Points:2,597,850
Joined:Sep 2003
Message Posted: Aug 18, 2012 10:37:05 PM

Hurricane season is here so prices could skyrocket if the Gulf of Mexico get slammed
Profile Pic
knot2swift
Champion Author Calgary

Posts:5,926
Points:1,047,295
Joined:Nov 2009
Message Posted: Aug 18, 2012 10:30:20 PM

Oil will be $100 by year end. Gasoline will be $3.75 to $4 in the US. So what?
Profile Pic
Taurus1
Champion Author Ohio

Posts:5,182
Points:2,184,655
Joined:Apr 2006
Message Posted: Aug 18, 2012 10:25:04 PM

Now what?
Profile Pic
ScottTee
Champion Author Detroit

Posts:6,986
Points:1,666,930
Joined:Mar 2010
Message Posted: Aug 18, 2012 10:23:59 PM

The ICE exchange is corrupt & dominated by major players. It is not a free market.
Profile Pic
Yankee829
Champion Author Dallas

Posts:4,864
Points:1,171,220
Joined:Sep 2010
Message Posted: Aug 18, 2012 10:21:54 PM

Ok
Profile Pic
Beaveronparade
Champion Author Hartford

Posts:3,395
Points:1,212,075
Joined:Mar 2011
Message Posted: Aug 18, 2012 10:21:18 PM

It's all politics. Time for change in Washington.
Profile Pic
EMoe57
Champion Author Jacksonville

Posts:7,188
Points:1,620,515
Joined:Apr 2009
Message Posted: Aug 18, 2012 10:17:29 PM

...and...
Profile Pic
jad1960
Champion Author Gary

Posts:1,648
Points:639,475
Joined:Feb 2012
Message Posted: Aug 18, 2012 10:16:46 PM

Speculators are trying and succeeding to make it rise.
Profile Pic
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,395,325
Joined:Aug 2005
Message Posted: Aug 18, 2012 10:15:45 PM

And the speculators are off and running. Higher prices before Labor Day.
Profile Pic
monarch57
Champion Author British Columbia

Posts:2,261
Points:223,970
Joined:Nov 2008
Message Posted: Aug 18, 2012 10:14:42 PM

Bad news for the ecomony oil shouldn't be a penny over $60 a berrel.
Profile Pic
wayoung56
Champion Author Alabama

Posts:5,305
Points:1,413,960
Joined:Oct 2006
Message Posted: Aug 18, 2012 10:14:13 PM

Thanks for the "Change", vote "Nobama"!!!
Profile Pic
drz614
Champion Author Harrisburg

Posts:4,957
Points:1,210,615
Joined:Aug 2011
Message Posted: Aug 18, 2012 10:13:50 PM

"the private sector is doing just fine...."
Profile Pic
serrog
Champion Author Nova Scotia

Posts:8,200
Points:2,124,215
Joined:Oct 2008
Message Posted: Aug 18, 2012 10:13:28 PM

greed
Profile Pic
MopedTime
Champion Author Michigan

Posts:1,970
Points:835,890
Joined:Mar 2012
Message Posted: Aug 18, 2012 10:10:43 PM

How sad!
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,544
Points:2,744,340
Joined:Apr 2007
Message Posted: Aug 18, 2012 10:08:21 PM

Old news.
Profile Pic
abacus44
Champion Author Toms River

Posts:5,943
Points:1,350,340
Joined:Jan 2011
Message Posted: Aug 18, 2012 10:06:41 PM

We'll see more ups and downs, but in the long term, with increasing demand from China and India, we can only expect the trend to be higher prices.
Profile Pic
flyfast
Champion Author Kansas City

Posts:11,816
Points:2,431,890
Joined:Jan 2008
Message Posted: Aug 18, 2012 10:05:11 PM

THE CHANGE YOU VOTED FOR
NOV. TRY AGAIN
Profile Pic
bcok
Champion Author Los Angeles

Posts:3,259
Points:1,972,665
Joined:Oct 2005
Message Posted: Aug 18, 2012 10:04:53 PM

ok
Profile Pic
beachmanglen
Champion Author Tampa

Posts:1,845
Points:959,750
Joined:Aug 2011
Message Posted: Aug 18, 2012 10:04:52 PM

Two refineries are still down, prices will continue to rise.
Profile Pic
IUVidiot
Champion Author Indiana

Posts:6,230
Points:1,321,110
Joined:Jun 2011
Message Posted: Aug 18, 2012 10:03:17 PM

ok
Profile Pic
n3tbc
Veteran Author Wilmington

Posts:355
Points:402,025
Joined:Sep 2011
Message Posted: Aug 18, 2012 10:03:02 PM

here is one shoe dropping...
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,486
Points:1,306,605
Joined:May 2010
Message Posted: Aug 18, 2012 10:02:45 PM

Very well said 91Hilux!
Post a reply Back to Topics