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GasBuddy News Article

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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


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Submitted Feb 22, 2013 By: bar1035
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Author Topic: Oil bounces modestly as dollar edges lower Back to Topics
REPLIES (newest first) Post a Reply
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ExplorerWA
Champion Author Washington

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Message Posted: Feb 22, 2013 9:54:53 PM

Keeping that paper money.
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A_NY_Outlaw
Champion Author Albany

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Message Posted: Feb 22, 2013 1:17:36 PM

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

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Message Posted: Feb 22, 2013 11:32:55 AM

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

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Message Posted: Feb 22, 2013 11:23:17 AM

Got it.
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investmentdr
Champion Author Cleveland

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Message Posted: Feb 22, 2013 11:18:02 AM

lower now
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doctorindyj
Champion Author Santa Fe

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Message Posted: Feb 22, 2013 11:06:23 AM

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

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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.
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 22, 2013 11:00:10 AM

SOP.
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bluebird1
Champion Author Toronto

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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.
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mastermariner
Champion Author Texas

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Message Posted: Feb 22, 2013 10:44:01 AM

Supply and demand
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sm5240
Champion Author Orange County

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Message Posted: Feb 22, 2013 10:35:03 AM

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

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Message Posted: Feb 22, 2013 10:33:14 AM

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

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Message Posted: Feb 22, 2013 10:32:19 AM

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

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Message Posted: Feb 22, 2013 10:32:11 AM

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

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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.
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032946
Champion Author Twin Cities

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Message Posted: Feb 22, 2013 10:30:52 AM

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

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Message Posted: Feb 22, 2013 10:30:24 AM

I can hardly contain my excitement!
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krzysiek_ck
Champion Author Illinois

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Message Posted: Feb 22, 2013 10:28:28 AM

Nothing more than Big Oil Greed.
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Wolfwings
Champion Author Delaware

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Message Posted: Feb 22, 2013 10:27:50 AM

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

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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.
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abacus44
Champion Author Toms River

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Message Posted: Feb 22, 2013 10:26:41 AM

OK
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sleuth696
Champion Author Nashville

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Message Posted: Feb 22, 2013 10:25:50 AM

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

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Message Posted: Feb 22, 2013 10:25:31 AM

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

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Message Posted: Feb 22, 2013 10:25:25 AM

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

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Message Posted: Feb 22, 2013 10:24:50 AM

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

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Message Posted: Feb 22, 2013 10:23:43 AM

This story is full of flaws.
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hwmillerster
Champion Author Missouri

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Message Posted: Feb 22, 2013 10:22:39 AM

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

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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.
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tomklo
Champion Author Fort Worth

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Message Posted: Feb 22, 2013 10:22:27 AM

ok
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Cloclo103
Champion Author Ottawa

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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??????????
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slgas
Champion Author Houston

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Message Posted: Feb 22, 2013 10:21:21 AM

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

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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...
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bowler300MO
Champion Author Missouri

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Message Posted: Feb 22, 2013 10:19:37 AM

greed just plan greed
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DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Feb 22, 2013 10:18:46 AM

Ditto what treehood said.
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gasmeup52
Champion Author Missouri

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Message Posted: Feb 22, 2013 10:17:07 AM

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

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Message Posted: Feb 22, 2013 10:16:36 AM

obamanimcs is killing the dollar
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BlueVanGroup
Champion Author Fort Collins

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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.
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doncNJ
Champion Author New Jersey

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Message Posted: Feb 22, 2013 10:15:05 AM

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

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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.
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treehood
Champion Author San Diego

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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.
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buzzieNY
Champion Author Buffalo

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Message Posted: Feb 22, 2013 10:14:29 AM

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

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Message Posted: Feb 22, 2013 10:12:36 AM

Bearish would be good for us
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STEVOAB
Champion Author Alberta

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Message Posted: Feb 22, 2013 10:12:27 AM

Dusting off my bicycle...
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bridgerunner
Champion Author Virginia

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Message Posted: Feb 22, 2013 10:11:22 AM

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

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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?
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mrservonics
Champion Author Boston

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Message Posted: Feb 22, 2013 10:10:55 AM

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

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Message Posted: Feb 22, 2013 10:10:35 AM

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

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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.
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pulpwood
Champion Author Mississippi

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Message Posted: Feb 22, 2013 10:08:39 AM

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

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Message Posted: Feb 22, 2013 10:08:18 AM

Where is the "falling prices" at the pump?
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