Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:02 PM

GasBuddy News Article

33
votes
Oil bounces modestly as dollar edges lower

Market Watch -- LOS ANGELES (MarketWatch) — Oil prices ticked back up in electronic trade Friday after heavy losses over the past two days, though some analysts offered bearish near-term forecasts.

Benchmark U.S. crude oil for April delivery CLJ3
+0.37% rebounded by 39 cents, or
0.4%, to $93.23 a barrel during Asian hours, trimming just a bit off the contract’s $2.38 tumble in Thursday’s New York Mercantile Exchange session.

Likewise, London-traded April Brent crude UK:LCOJ3
+0.82% tacked on 54 cents, or
0.5%, to rise to $114.07 after plunging by $2.07 Thursday.

Friday’s mild rebound came amid a small decline for the U.S. dollar, with the ICE dollar index DXY
-0.10% slipping to 81.305
from 81.377 late Thursday in North America, though it remained well above late Wednesday’s 81.074 le


Read the Full Article

Submitted Feb 22, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil bounces modestly as dollar edges lower Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
ExplorerWA
Champion Author Washington

Posts:6,024
Points:1,388,550
Joined:Feb 2011
Message Posted: Feb 22, 2013 9:54:53 PM

Keeping that paper money.
Profile Pic
A_NY_Outlaw
Champion Author Albany

Posts:1,539
Points:1,332,310
Joined:Mar 2011
Message Posted: Feb 22, 2013 1:17:36 PM

As long as we've got Captain Obama at the helm, what could go wrong?
Profile Pic
Mariuxus
Champion Author Chicago

Posts:6,002
Points:2,529,770
Joined:May 2007
Message Posted: Feb 22, 2013 11:32:55 AM

ok...like roller coaster...up and down..
Profile Pic
MKAnudo
Sophomore Author Maryland

Posts:213
Points:190,650
Joined:May 2011
Message Posted: Feb 22, 2013 11:23:17 AM

Got it.
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,282
Points:2,099,675
Joined:Sep 2008
Message Posted: Feb 22, 2013 11:18:02 AM

lower now
Profile Pic
doctorindyj
Champion Author Santa Fe

Posts:5,087
Points:1,468,050
Joined:Nov 2009
Message Posted: Feb 22, 2013 11:06:23 AM

Up, down, Up, Up.
Profile Pic
knutzAL
Champion Author Alabama

Posts:2,248
Points:373,880
Joined:Feb 2012
Message Posted: Feb 22, 2013 11:04:58 AM

One of the very few articles tying pump prices to the dollar as it should be. Its the dollar that sets 90% of the price at the pump.
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,785
Points:2,816,420
Joined:Apr 2007
Message Posted: Feb 22, 2013 11:00:10 AM

SOP.
Profile Pic
bluebird1
Champion Author Toronto

Posts:18,596
Points:3,767,730
Joined:May 2004
Message Posted: Feb 22, 2013 10:51:49 AM

If only it was supply &demand mastermariner. Hasn't been for quite some time & being in Texas thought you'd realize that most...after all why ship oil all the way to Texas for refining(with weather issues) - certainly not normal bus. practices.
Profile Pic
mastermariner
Champion Author Texas

Posts:12,964
Points:1,155,595
Joined:Jun 2011
Message Posted: Feb 22, 2013 10:44:01 AM

Supply and demand
Profile Pic
sm5240
Champion Author Orange County

Posts:3,130
Points:1,040,410
Joined:Apr 2011
Message Posted: Feb 22, 2013 10:35:03 AM

These higher gas prices are hurting the consumer, and retailers are feeling it now.
Profile Pic
matthwbar
Champion Author Toledo

Posts:6,746
Points:1,689,500
Joined:Jun 2007
Message Posted: Feb 22, 2013 10:33:14 AM

Inflation is here....
Profile Pic
TRAIN RIDER
Champion Author San Bernardino

Posts:11,929
Points:3,439,180
Joined:Oct 2004
Message Posted: Feb 22, 2013 10:32:19 AM

If the price stays up then the economy will not move forward.
Profile Pic
Cuzilla
Champion Author Indianapolis

Posts:14,395
Points:2,884,530
Joined:Sep 2005
Message Posted: Feb 22, 2013 10:32:11 AM

Can you spell i-n-f-l-a-t-i-o-n?
Profile Pic
91_Metro_Man
Champion Author Ventura

Posts:1,989
Points:2,165,150
Joined:Dec 2007
Message Posted: Feb 22, 2013 10:31:45 AM

We will experience higher prices before we experience any relief. Our driving expenses will never be the same.
Profile Pic
032946
Champion Author Twin Cities

Posts:22,781
Points:4,701,185
Joined:Oct 2001
Message Posted: Feb 22, 2013 10:30:52 AM

It needs to tumbel down a lot farther!
Profile Pic
mberg
Champion Author Houston

Posts:6,707
Points:1,640,675
Joined:Aug 2010
Message Posted: Feb 22, 2013 10:30:24 AM

I can hardly contain my excitement!
Profile Pic
krzysiek_ck
Champion Author Illinois

Posts:8,564
Points:1,410,110
Joined:Apr 2011
Message Posted: Feb 22, 2013 10:28:28 AM

Nothing more than Big Oil Greed.
Profile Pic
Wolfwings
Champion Author Delaware

Posts:11,441
Points:2,452,245
Joined:May 2004
Message Posted: Feb 22, 2013 10:27:50 AM

I guess this is OIL-SPEAK for let's raise prices.
Profile Pic
WTLITNG
Champion Author Virginia

Posts:4,492
Points:1,690,485
Joined:Dec 2008
Message Posted: Feb 22, 2013 10:26:49 AM

The price of gas at the pump has been steadily rising for almost 40 days here.
Profile Pic
abacus44
Champion Author Toms River

Posts:6,173
Points:1,421,590
Joined:Jan 2011
Message Posted: Feb 22, 2013 10:26:41 AM

OK
Profile Pic
sleuth696
Champion Author Nashville

Posts:3,694
Points:860,465
Joined:Oct 2012
Message Posted: Feb 22, 2013 10:25:50 AM

The bottom line...prices continue to sky rocket.
Profile Pic
forderjunk
Champion Author Maine

Posts:10,656
Points:2,188,895
Joined:Sep 2005
Message Posted: Feb 22, 2013 10:25:31 AM

We are awash in oil and greed keeps the pump prices high.
Profile Pic
truckpdlr
Champion Author Tucson

Posts:5,620
Points:1,772,985
Joined:Sep 2009
Message Posted: Feb 22, 2013 10:25:25 AM

Lets hope it doesnt keep going up
Profile Pic
kst8er
Champion Author St. Louis

Posts:4,564
Points:1,641,395
Joined:Feb 2006
Message Posted: Feb 22, 2013 10:24:50 AM

just tell us who is making all the dooouuugh
Profile Pic
R209
Champion Author California

Posts:28,570
Points:923,900
Joined:Jul 2012
Message Posted: Feb 22, 2013 10:23:43 AM

This story is full of flaws.
Profile Pic
hwmillerster
Champion Author Missouri

Posts:9,650
Points:2,145,245
Joined:Oct 2008
Message Posted: Feb 22, 2013 10:22:39 AM

Just the usual price fluctuation, it will probably go down by a dollar or so.
Profile Pic
MustangRacing
Champion Author Virginia

Posts:4,180
Points:1,301,320
Joined:May 2011
Message Posted: Feb 22, 2013 10:22:34 AM

The oil companies 'greed' is based on fear. Fear of what Obama has waiting for them around the corner.
Profile Pic
tomklo
Champion Author Fort Worth

Posts:3,171
Points:3,232,510
Joined:Jul 2002
Message Posted: Feb 22, 2013 10:22:27 AM

ok
Profile Pic
Cloclo103
Champion Author Ottawa

Posts:2,003
Points:707,560
Joined:Aug 2011
Message Posted: Feb 22, 2013 10:21:28 AM

Oil price want down in the last month but gas prices go up... what is wrong??????????
Profile Pic
slgas
Champion Author Houston

Posts:8,955
Points:2,247,915
Joined:Oct 2008
Message Posted: Feb 22, 2013 10:21:21 AM

Big deal. All traded commodities have their ups and downs.
Profile Pic
queenieIN
Champion Author Gary

Posts:1,459
Points:446,410
Joined:May 2012
Message Posted: Feb 22, 2013 10:20:25 AM

Amazing, we see a drop of $2-$3 on the barrel price, we get a 1 penny drop at the pump over the last 2 DAYS, but if it had gone up $2-$3 per barrel we would see a quick jump of 30-40 cents same day usually before noon, so people can't get gas at the lower price at lunch time. It will take a week of seeing $92-$93 per barrel to see a drop of 10-15 cents. GREED, GREED, GREED...
Profile Pic
bowler300MO
Champion Author Missouri

Posts:2,102
Points:1,417,375
Joined:Mar 2010
Message Posted: Feb 22, 2013 10:19:37 AM

greed just plan greed
Profile Pic
DYSKYPILOT
Champion Author Fort Worth

Posts:5,414
Points:1,281,300
Joined:Mar 2006
Message Posted: Feb 22, 2013 10:18:46 AM

Ditto what treehood said.
Profile Pic
gasmeup52
Champion Author Missouri

Posts:3,412
Points:1,332,925
Joined:Jan 2011
Message Posted: Feb 22, 2013 10:17:07 AM

Prices are stable here. Everybody is stuck at 3.59.
Profile Pic
humblepie
Champion Author Toledo

Posts:59,675
Points:3,058,170
Joined:Mar 2006
Message Posted: Feb 22, 2013 10:16:36 AM

obamanimcs is killing the dollar
Profile Pic
BlueVanGroup
Champion Author Fort Collins

Posts:10,514
Points:2,200,440
Joined:May 2008
Message Posted: Feb 22, 2013 10:15:37 AM


U.S. Debt Clock

As progressive politicians continue to spend our dollars into toilet paper it takes more of them to buy fuel, food, and everything else.

We the People need to drag our representatives (kicking and screaming if necessary) back to fiscal responsibility.
Profile Pic
doncNJ
Champion Author New Jersey

Posts:10,332
Points:2,183,045
Joined:Oct 2008
Message Posted: Feb 22, 2013 10:15:05 AM

So, will gas prices b coming down in April?
Profile Pic
AC-302
Champion Author Los Angeles

Posts:31,633
Points:3,506,895
Joined:Aug 2004
Message Posted: Feb 22, 2013 10:15:04 AM

Dollars are getting cheaper as we overspend our budgets and print more money to cover it.
Profile Pic
treehood
Champion Author San Diego

Posts:4,949
Points:1,082,360
Joined:May 2011
Message Posted: Feb 22, 2013 10:14:54 AM

This story is bogus. I am not saying it lies but if you know the facts you realize the story only used the selective info it wants to. The dollar has been trading around 78-80 for the last few years and today it is a little over 81 but that may not hold, just watch it for yourself. The oil price reported on KITCO had been up to 97/98 in the last week or two. Today it is trading under $93. If you want to follow this stuff and make a prediction you need to also look at the longterm and not just today. Listen to the stock report today (Friday) that the news media will report. They will say the market closed up or down so many points but they are referring to Friday only. The week increase or decrease may be just the opposite of what they have just reported. Correct information is valuable and is not usually given for free. You need to discover and affirm it for yourself.
Profile Pic
buzzieNY
Champion Author Buffalo

Posts:5,674
Points:1,301,520
Joined:Jun 2011
Message Posted: Feb 22, 2013 10:14:29 AM

The gas stations think can be just like the stock market.
Profile Pic
radiorumor
Champion Author Texas

Posts:5,540
Points:1,430,175
Joined:Feb 2011
Message Posted: Feb 22, 2013 10:12:36 AM

Bearish would be good for us
Profile Pic
STEVOAB
Champion Author Alberta

Posts:2,372
Points:984,015
Joined:Nov 2011
Message Posted: Feb 22, 2013 10:12:27 AM

Dusting off my bicycle...
Profile Pic
bridgerunner
Champion Author Virginia

Posts:10,163
Points:1,690,485
Joined:Jul 2009
Message Posted: Feb 22, 2013 10:11:22 AM

That forecast seems to be good news.
Profile Pic
sivart
Champion Author Arkansas

Posts:22,003
Points:3,754,745
Joined:May 2004
Message Posted: Feb 22, 2013 10:10:56 AM

According to GasBuddy the price of crude dropped fron $97.44 on 2/15 to $93.13 today 2/22 but the price at the pump here went from $3.35 to $3.55.

What's the deal?
Profile Pic
mrservonics
Champion Author Boston

Posts:3,706
Points:1,542,220
Joined:May 2005
Message Posted: Feb 22, 2013 10:10:55 AM

Why not? We're willing to pay more.
Profile Pic
CorvairHaven
Champion Author Cleveland

Posts:7,097
Points:2,132,390
Joined:Sep 2008
Message Posted: Feb 22, 2013 10:10:35 AM

Any reason to raise prices.
Profile Pic
TomBear
All-Star Author Ontario

Posts:863
Points:374,095
Joined:May 2004
Message Posted: Feb 22, 2013 10:09:08 AM

Of course if it bounces even a penny higher, it will be an excuse to raise pump prices even higher.
Profile Pic
pulpwood
Champion Author Mississippi

Posts:7,394
Points:1,868,105
Joined:Sep 2006
Message Posted: Feb 22, 2013 10:08:39 AM

big oil owns us all and will do as they please.
Profile Pic
Elaine4411
Champion Author Pennsylvania

Posts:4,384
Points:1,143,140
Joined:Dec 2011
Message Posted: Feb 22, 2013 10:08:18 AM

Where is the "falling prices" at the pump?
Post a reply Back to Topics