Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:55 PM

GasBuddy News Article

54
votes
Oil price rises as US economy seen strengthening

Associated Press -- Oil prices moved up slightly closer to $91 a barrel on Thursday as reports of a moderately improving U.S. economy, which suggests increased fuel consumption, outweighed a big rise in crude supplies.

By early afternoon in Europe, benchmark oil for April delivery was up 37 cents to $90.80 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $90.43 per barrel on the Nymex on Wednesday.

A report from the U.S. Federal Reserve issued Wednesday showed the country's economy strengthened across much of the country. The Fed's Beige Book report showed that auto sales, more hiring and the ongoing housing recovery helped the U.S. economy grow in the first two months of the year.

Also Wednesday, the U.S. Energy Information Administration


Read the Full Article

Submitted Mar 07, 2013 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil price rises as US economy seen strengthening Back to Topics
REPLIES (newest first) Post a Reply
dr047
Champion Author Cleveland

Posts:5,538
Points:1,225,415
Joined:Aug 2010
Message Posted: Mar 8, 2013 5:35:24 AM


Greed
Straitliner
Champion Author Illinois

Posts:4,810
Points:1,004,680
Joined:Sep 2012
Message Posted: Mar 8, 2013 5:10:03 AM

Sure it is, we have Pat Quinn, hes got a handle on things. HA HA.
NemoIL
Champion Author Illinois

Posts:5,776
Points:2,015,385
Joined:Aug 2008
Message Posted: Mar 7, 2013 11:48:37 PM

The economy is not strengthening here.
us4usa
Champion Author Missouri

Posts:7,153
Points:1,561,025
Joined:May 2008
Message Posted: Mar 7, 2013 11:45:49 PM

Maybe the strengthening of my wallet, because it's getting harder to open it...
kcboy
Champion Author Utah

Posts:6,260
Points:2,061,540
Joined:Jun 2005
Message Posted: Mar 7, 2013 11:44:46 PM

How about prices go down.
hank1326
Champion Author Los Angeles

Posts:11,238
Points:2,447,410
Joined:Jun 2008
Message Posted: Mar 7, 2013 11:42:09 PM

What's next for spins?! Rising jobless rate is good for the economy?!
Rooster922
Champion Author Wilmington

Posts:4,237
Points:1,174,170
Joined:Jan 2009
Message Posted: Mar 7, 2013 11:34:56 PM

What?
GasholeMI
Champion Author Lansing

Posts:13,212
Points:2,434,570
Joined:Jul 2008
Message Posted: Mar 7, 2013 11:34:22 PM

Why not, oil prices rose when the economy was bad too.
southrob
Champion Author Tucson

Posts:6,067
Points:1,382,520
Joined:Mar 2011
Message Posted: Mar 7, 2013 11:34:01 PM

dhan
ClassicWheeler
Champion Author Montgomery

Posts:3,777
Points:1,078,275
Joined:Apr 2012
Message Posted: Mar 7, 2013 11:12:21 PM

So if we have good economy news we rise oil prices to reflect the we have more money in our pockets? I didn't get that memo. So, why don't we stop for a minute and suppose that most of us didn't see more money in our pockets and stop assuming that we have extra money.
sawdust1825
Champion Author Illinois

Posts:4,008
Points:1,202,680
Joined:Sep 2011
Message Posted: Mar 7, 2013 11:08:22 PM

So which is it? Is crude dropping or raising?
Tsunamiron
Champion Author Jacksonville

Posts:4,526
Points:1,320,850
Joined:Mar 2011
Message Posted: Mar 7, 2013 11:07:06 PM

One article says prices are going down, as the other article says they are going down. All we need is a third article saying that the prices are staying steady and we will have all of the bases covered.
jrschl
Champion Author Louisville

Posts:6,194
Points:1,454,640
Joined:Jun 2011
Message Posted: Mar 7, 2013 11:04:46 PM

I love how the article above this one says process are down.
jetskijerry
Champion Author North Carolina

Posts:7,024
Points:1,528,835
Joined:Mar 2011
Message Posted: Mar 7, 2013 11:02:32 PM

crooks
sjhman
Veteran Author Atlanta

Posts:429
Points:896,575
Joined:Sep 2008
Message Posted: Mar 7, 2013 11:02:23 PM

Confused, thought they were going down. Oh well.
jtfftj
Champion Author New Hampshire

Posts:2,777
Points:1,946,360
Joined:Sep 2005
Message Posted: Mar 7, 2013 11:02:04 PM

Bull Crapski.
bvrbill
Champion Author Eugene

Posts:8,151
Points:1,291,525
Joined:Jul 2011
Message Posted: Mar 7, 2013 10:58:39 PM

The economy doesn't seem to be strengthening. I know my wallet isn't seeing it.
prassu2012
Champion Author Illinois

Posts:3,579
Points:903,490
Joined:Dec 2012
Message Posted: Mar 7, 2013 10:56:23 PM

want to see very low price
grt197
Champion Author Illinois

Posts:2,141
Points:511,130
Joined:Jan 2013
Message Posted: Mar 7, 2013 10:55:06 PM

need less prices
OGW
Champion Author London

Posts:7,135
Points:2,189,965
Joined:Sep 2005
Message Posted: Mar 7, 2013 10:51:00 PM

The news said that the US economy was now at pre 2007 levels and it seems that people are spending more money than they have in a long time with record cars sales and other items.
clermont40miles
Champion Author Cincinnati

Posts:14,653
Points:2,539,965
Joined:Apr 2008
Message Posted: Mar 7, 2013 10:49:54 PM

Needs to drop another $10 per barrel, minimum.

yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:49:24 PM

hope it go down in price
skybiker
Champion Author South Carolina

Posts:9,528
Points:2,280,950
Joined:Jul 2008
Message Posted: Mar 7, 2013 10:49:12 PM

Temporary bubble that will pop!...
wayoung56
Champion Author Alabama

Posts:5,885
Points:1,572,760
Joined:Oct 2006
Message Posted: Mar 7, 2013 10:47:15 PM

I still think the "strengthening" of the US Economy is another NoBama Administration urban myth...
ssperkin
Champion Author Durham

Posts:1,454
Points:817,120
Joined:Dec 2010
Message Posted: Mar 7, 2013 10:45:33 PM

Not that it ever fell to the extent it should.
camel1
Champion Author Minnesota

Posts:11,443
Points:3,025,415
Joined:Jul 2006
Message Posted: Mar 7, 2013 10:44:13 PM

a stronger economy and hopefully a stronger dollar as a result should cause oil prices to decline. This must be speculators at work again.
PrettyLittleLady
Champion Author Modesto

Posts:6,169
Points:2,617,655
Joined:May 2006
Message Posted: Mar 7, 2013 10:44:11 PM

what is the truth here--last one said prices were down.
Is246
Champion Author Albuquerque

Posts:1,117
Points:870,570
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:40:27 PM

Dept. of Defense is furloughing and the economy is getting better?
Doomsday64
All-Star Author Austin

Posts:905
Points:377,150
Joined:Apr 2011
Message Posted: Mar 7, 2013 10:38:00 PM

Improving economy?
F34RL3SSNIT3
Veteran Author Austin

Posts:412
Points:90,465
Joined:Mar 2013
Message Posted: Mar 7, 2013 10:37:15 PM

okay
mstearno
Champion Author Dayton

Posts:9,675
Points:2,352,705
Joined:Jan 2008
Message Posted: Mar 7, 2013 10:34:34 PM

more pot heads
gasmack
Champion Author Ventura

Posts:4,027
Points:1,375,775
Joined:Feb 2011
Message Posted: Mar 7, 2013 10:32:06 PM

Good info. Thanks for post.
JimL1
Champion Author Phoenix

Posts:11,157
Points:1,915,920
Joined:Jul 2003
Message Posted: Mar 7, 2013 10:31:24 PM

Another article posted here also today says: "Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth." Which is correct, or are they both wrong together?
NorthglennBill
Champion Author Denver

Posts:10,521
Points:2,226,275
Joined:Oct 2008
Message Posted: Mar 7, 2013 10:28:26 PM

One article saying they are lower now this one saying they are higher. Does anyone really know what it going on?
Carol7777
Champion Author Houston

Posts:113,339
Points:921,155
Joined:Dec 2012
Message Posted: Mar 7, 2013 10:23:41 PM

Does this mean higher pump prices again? Just when I had hope.
WIPACKERFAN
Champion Author Chicago

Posts:12,014
Points:2,612,830
Joined:Aug 2005
Message Posted: Mar 7, 2013 10:22:53 PM

Any excuse to raise prices.
bojiway1
Champion Author Minnesota

Posts:5,166
Points:1,237,085
Joined:Dec 2011
Message Posted: Mar 7, 2013 10:16:12 PM

Ugh
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,895
Joined:May 2009
Message Posted: Mar 7, 2013 10:14:30 PM

Up up up!
s6sputnik
Champion Author Austin

Posts:7,718
Points:1,995,265
Joined:Jun 2007
Message Posted: Mar 7, 2013 10:10:03 PM

Greed!
BREW9
Champion Author Tampa

Posts:4,097
Points:3,685,385
Joined:Jun 2004
Message Posted: Mar 7, 2013 10:08:53 PM

where
RitaVespa
Champion Author Oregon

Posts:4,089
Points:1,442,305
Joined:Jan 2011
Message Posted: Mar 7, 2013 10:07:35 PM

The sequester hasn't tanked us? Nope...
milespergallon
Champion Author Illinois

Posts:12,830
Points:2,665,045
Joined:Feb 2007
Message Posted: Mar 7, 2013 10:04:44 PM

Completely contradicts the previous article.
HFAJR0034
Champion Author New Mexico

Posts:11,232
Points:1,929,860
Joined:Jul 2009
Message Posted: Mar 7, 2013 10:04:36 PM

$91.22 3.06.13
Lukus
Champion Author Halifax

Posts:11,349
Points:2,423,640
Joined:Nov 2007
Message Posted: Mar 7, 2013 10:03:35 PM

That could be but wages are not going up.
Jedman982
Sophomore Author Modesto

Posts:122
Points:161,050
Joined:Dec 2006
Message Posted: Mar 7, 2013 10:00:19 PM

Ok
WIWalt
Champion Author Wisconsin

Posts:4,848
Points:1,182,085
Joined:Mar 2012
Message Posted: Mar 7, 2013 10:00:11 PM

? conflicting articles?
Beaveronparade
Champion Author Hartford

Posts:3,406
Points:1,346,445
Joined:Mar 2011
Message Posted: Mar 7, 2013 9:58:41 PM

I see the gas prices going up here in CT as well.
Alaydown
Champion Author Los Angeles

Posts:7,231
Points:1,228,585
Joined:May 2007
Message Posted: Mar 7, 2013 9:58:18 PM

It will be interesting to see if it really is improving. Last quarter's GDP shrank, and nothing has happened to improve it from last quarter.
jackster111
Champion Author North Carolina

Posts:8,311
Points:1,159,775
Joined:Feb 2012
Message Posted: Mar 7, 2013 9:57:17 PM

okay
toadNY
Champion Author Albany

Posts:10,320
Points:2,286,875
Joined:Apr 2008
Message Posted: Mar 7, 2013 9:56:39 PM

Where?
oahugasit
All-Star Author Hawaii

Posts:680
Points:677,345
Joined:Jul 2008
Message Posted: Mar 7, 2013 9:52:29 PM

uh?
Post a reply Back to Topics