Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:07 PM

GasBuddy News Article

48
votes
Oil price gains to above $94 on weaker dollar

Associated Press -- The price of oil rose by more than a dollar Monday, to above $94 a barrel, as it recovered from sharp drops last week and echoed strong gains in European stock markets.

By early afternoon in Europe, benchmark crude for April delivery was up $1.11 to $94.24 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 29 cents to settle at $93.13 in New York on Friday.

Oil dived last week on the possibility that the Federal Reserve might stop offering monetary stimulus, which its most recently released minutes suggested was possible. That would strengthen the dollar, making crude more expensive for international investors, and shut off a supply of money that some say had been fueling speculative trades in commodity markets.

The price of crude stabilized F

Read the Full Article

Submitted Feb 25, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil price gains to above $94 on weaker dollar Post a Reply Back to Topics
REPLIES (newest first)
First
1234
Next Last
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,632
Points:1,610,495
Joined:Nov 2008
Message Posted: Mar 3, 2013 5:55:01 AM
 Ignore honda0105 Report Abuse

wow. That's even more painful rj.
Profile Pic
rjhenn
Champion Author Des Moines

Posts:22,451
Points:2,230,900
Joined:Aug 2005
Message Posted: Mar 3, 2013 1:30:08 AM
 Ignore rjhenn Report Abuse

Here we were up 66¢, but recently dropped 5¢.
Profile Pic
QualTekGuy
Champion Author Illinois

Posts:3,071
Points:734,825
Joined:Feb 2007
Message Posted: Mar 2, 2013 7:58:48 PM
 Ignore QualTekGuy Report Abuse

It is not the cause of the pump price rise.

[Edited by: QualTekGuy at 3/2/2013 9:59:26 PM EST]
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,632
Points:1,610,495
Joined:Nov 2008
Message Posted: Mar 2, 2013 5:14:50 AM
 Ignore honda0105 Report Abuse

prices at the pump aren't dropping much... 65 cents up, not even 15 cents back down so far.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:18,632
Points:1,610,495
Joined:Nov 2008
Message Posted: Mar 1, 2013 3:58:48 AM
 Ignore honda0105 Report Abuse

another round of BOHICA on the horizon, eh?
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:4,446
Points:718,615
Joined:Apr 2008
Message Posted: Feb 26, 2013 7:56:16 PM
 Ignore KhelbenArunson Report Abuse

Boo.
Profile Pic
ejl2000
Champion Author New Jersey

Posts:1,262
Points:584,385
Joined:Aug 2005
Message Posted: Feb 26, 2013 4:37:09 AM
 Ignore ejl2000 Report Abuse

Hope & Change ....... Due to current economic conditions the light at the end of the tunnel has been turned off!
Profile Pic
2005Retired
Champion Author Arkansas

Posts:11,836
Points:2,066,520
Joined:Aug 2007
Message Posted: Feb 25, 2013 11:02:45 PM
 Ignore 2005Retired Report Abuse

we all feel weaker
Profile Pic
regout
Champion Author Quebec

Posts:2,960
Points:833,680
Joined:May 2010
Message Posted: Feb 25, 2013 10:45:14 PM
 Ignore regout Report Abuse

It will be the same every month. Up and down.
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:1,686
Points:428,375
Joined:Feb 2012
Message Posted: Feb 25, 2013 10:44:28 PM
 Ignore ican2step Report Abuse

Okay
Profile Pic
GAS1251
Champion Author Texas

Posts:5,153
Points:1,627,205
Joined:Jun 2008
Message Posted: Feb 25, 2013 10:36:01 PM
 Ignore GAS1251 Report Abuse

Full moon pulls on oil also
Profile Pic
ricebike
Champion Author New Jersey

Posts:10,032
Points:1,855,720
Joined:Oct 2005
Message Posted: Feb 25, 2013 10:32:47 PM
 Ignore ricebike Report Abuse

up and down

yea, we get it
Profile Pic
Vette1967
Champion Author Albany

Posts:5,972
Points:1,276,975
Joined:Jun 2009
Message Posted: Feb 25, 2013 10:32:27 PM
 Ignore Vette1967 Report Abuse

Okay...
Profile Pic
crreed1
Champion Author West Virginia

Posts:1,990
Points:2,527,310
Joined:May 2005
Message Posted: Feb 25, 2013 10:31:41 PM
 Ignore crreed1 Report Abuse

old news
Profile Pic
10k
Champion Author North Carolina

Posts:21,262
Points:2,254,995
Joined:May 2006
Message Posted: Feb 25, 2013 10:31:06 PM
 Ignore 10k Report Abuse

don't y'all know all those muslim arab countries are laughing at the idiot sheeple in this country..
Profile Pic
Buddy2264
Champion Author Tampa

Posts:11,659
Points:2,360,945
Joined:Oct 2005
Message Posted: Feb 25, 2013 10:27:47 PM
 Ignore Buddy2264 Report Abuse

Problem is we keep exporting more refined fuels from now US oil and imports as we can do that but cannot export oil. All about profits now, not demand or use.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:800,300
Joined:Dec 2006
Message Posted: Feb 25, 2013 10:25:26 PM
 Ignore tedjm1 Report Abuse

Weaker does not mean prices go down.
Only means we are cheaper to foreigners.
Profile Pic
mcbrownie220
Sophomore Author Toledo

Posts:225
Points:154,375
Joined:Jun 2012
Message Posted: Feb 25, 2013 10:25:23 PM
 Ignore mcbrownie220 Report Abuse

ok
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:8,496
Points:1,630,490
Joined:Sep 2005
Message Posted: Feb 25, 2013 10:25:22 PM
 Ignore unicornpmb Report Abuse

Fact of life. Oil goes up so does gas. Oil goes down, gas goes up.
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:8,176
Points:1,931,455
Joined:Feb 2007
Message Posted: Feb 25, 2013 10:21:56 PM
 Ignore mfeldstein Report Abuse

So why haven't gas prices gone down?
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:1,325
Points:217,535
Joined:Aug 2012
Message Posted: Feb 25, 2013 10:21:49 PM
 Ignore wshokie12 Report Abuse

Okay.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:1,723
Points:388,950
Joined:Mar 2012
Message Posted: Feb 25, 2013 10:20:42 PM
 Ignore boatfloyd Report Abuse

Should go down today.
Profile Pic
GasholeMI
Champion Author Lansing

Posts:10,144
Points:1,719,265
Joined:Jul 2008
Message Posted: Feb 25, 2013 10:20:19 PM
 Ignore GasholeMI Report Abuse

Local pump prices up to 3.99 here today.
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:8,308
Points:1,903,955
Joined:Jul 2007
Message Posted: Feb 25, 2013 10:19:57 PM
 Ignore Rageagainsttm Report Abuse

Gas prices going back up.
Profile Pic
PrinceLH
Champion Author Ontario

Posts:2,697
Points:539,020
Joined:Jun 2011
Message Posted: Feb 25, 2013 10:18:52 PM
 Ignore PrinceLH Report Abuse

Fiscal cliff again!
Profile Pic
Zonk
Champion Author Michigan

Posts:6,486
Points:2,103,740
Joined:Oct 2005
Message Posted: Feb 25, 2013 10:18:46 PM
 Ignore Zonk Report Abuse

The price of oil remains out of control.
Profile Pic
pokey2002
All-Star Author Massachusetts

Posts:557
Points:254,375
Joined:May 2012
Message Posted: Feb 25, 2013 10:17:32 PM
 Ignore pokey2002 Report Abuse

Whats next?
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:2,473
Points:663,925
Joined:Jan 2010
Message Posted: Feb 25, 2013 10:17:23 PM
 Ignore rahcat Report Abuse

INSANITY.......UP TO $3.99 TODAY!!!!!!!
Profile Pic
Cableman66
Champion Author North Carolina

Posts:2,120
Points:491,895
Joined:May 2011
Message Posted: Feb 25, 2013 10:14:49 PM
 Ignore Cableman66 Report Abuse

Good thing I didn't hold my breath on the news that prices were dropping.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:4,084
Points:1,102,880
Joined:Jun 2005
Message Posted: Feb 25, 2013 10:13:55 PM
 Ignore jkpsr Report Abuse

The target inflation rate is 2%, but there was none in January.
Profile Pic
Fox4834
Veteran Author Indianapolis

Posts:319
Points:17,120
Joined:Feb 2013
Message Posted: Feb 25, 2013 10:13:26 PM
 Ignore Fox4834 Report Abuse

joy...
Profile Pic
yyc2yow
All-Star Author Ottawa

Posts:658
Points:571,310
Joined:Dec 2009
Message Posted: Feb 25, 2013 10:13:21 PM
 Ignore yyc2yow Report Abuse

anythink we don't know?
Profile Pic
E350
Sophomore Author Florida

Posts:118
Points:12,350
Joined:Jul 2005
Message Posted: Feb 25, 2013 10:12:35 PM
 Ignore E350 Report Abuse

it's weaker alright.
Profile Pic
jetmech568
Champion Author Idaho

Posts:1,268
Points:625,740
Joined:Apr 2011
Message Posted: Feb 25, 2013 10:10:03 PM
 Ignore jetmech568 Report Abuse

see what happens
Profile Pic
Badjef
Champion Author Florida

Posts:4,050
Points:818,815
Joined:Jan 2011
Message Posted: Feb 25, 2013 10:07:54 PM
 Ignore Badjef Report Abuse

Blame it on Washington.

They are the big elephant in the room!
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:3,901
Points:773,245
Joined:Mar 2011
Message Posted: Feb 25, 2013 10:07:00 PM
 Ignore jetskijerry Report Abuse

crooks
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:3,168
Points:673,610
Joined:Jun 2011
Message Posted: Feb 25, 2013 10:06:59 PM
 Ignore TheeRedRam Report Abuse

Let's see how this plays out
Profile Pic
DustyHorse
Champion Author Virginia

Posts:6,090
Points:1,392,330
Joined:Oct 2008
Message Posted: Feb 25, 2013 10:04:45 PM
 Ignore DustyHorse Report Abuse

Oil and gasoline are very overpriced. Hopefully, some speculators are about to lose a lot of money.
Profile Pic
sjhman
Veteran Author Atlanta

Posts:410
Points:277,670
Joined:Sep 2008
Message Posted: Feb 25, 2013 10:04:36 PM
 Ignore sjhman Report Abuse

no
Profile Pic
JasTheAce
All-Star Author Raleigh

Posts:975
Points:173,310
Joined:Nov 2012
Message Posted: Feb 25, 2013 10:03:32 PM
 Ignore JasTheAce Report Abuse

yep
Profile Pic
okgasbud
Sophomore Author Tulsa

Posts:237
Points:159,165
Joined:Jul 2012
Message Posted: Feb 25, 2013 10:02:34 PM
 Ignore okgasbud Report Abuse

What's your point? Gas prices will still fluctuate at will. Thanks for posting.
Profile Pic
mia3bxs
Veteran Author Miami

Posts:452
Points:311,940
Joined:Jul 2011
Message Posted: Feb 25, 2013 10:00:04 PM
 Ignore mia3bxs Report Abuse

ok
Profile Pic
kcboy
Champion Author Utah

Posts:3,973
Points:1,508,775
Joined:Jun 2005
Message Posted: Feb 25, 2013 9:56:47 PM
 Ignore kcboy Report Abuse

ok
Profile Pic
boatcrazyinme
Champion Author Maine

Posts:1,924
Points:547,990
Joined:Apr 2010
Message Posted: Feb 25, 2013 9:55:36 PM
 Ignore boatcrazyinme Report Abuse

Do you get the feeling our goverment dosent realy care?
Profile Pic
WGW1
Champion Author British Columbia

Posts:1,252
Points:391,190
Joined:Jun 2010
Message Posted: Feb 25, 2013 9:54:04 PM
 Ignore WGW1 Report Abuse

Good news is bad, bad news is good.
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:1,296
Points:606,650
Joined:May 2011
Message Posted: Feb 25, 2013 9:54:04 PM
 Ignore 7SPEEDY7 Report Abuse

Sad
Profile Pic
UrbEx219
Sophomore Author Gary

Posts:119
Points:254,655
Joined:Jun 2011
Message Posted: Feb 25, 2013 9:53:20 PM
 Ignore UrbEx219 Report Abuse

Corporate States of America
Profile Pic
EvPv
Champion Author Maine

Posts:1,038
Points:265,725
Joined:Feb 2011
Message Posted: Feb 25, 2013 9:45:11 PM
 Ignore EvPv Report Abuse

I don't know. Can't get past the "Oil dived last week...". Shouldn't that be 'Oil dove last week....'

It will be interesting to see if the stalemate in D.C. trumps the election results or lack of in Italy regarding the value of the U.S. dollar.
Profile Pic
TXRanger09
Champion Author Dallas

Posts:2,511
Points:892,150
Joined:May 2009
Message Posted: Feb 25, 2013 9:41:35 PM
 Ignore TXRanger09 Report Abuse

Whats the reason for natural gas rising?
Profile Pic
Titan_62
Champion Author Maryland

Posts:1,468
Points:329,405
Joined:Apr 2011
Message Posted: Feb 25, 2013 9:40:35 PM
 Ignore Titan_62 Report Abuse

Thanks for posting
Post a reply Back to Topics
First
1234
Next Last
"Consumers working together to save on gas"