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GasBuddy News Article

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Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth

foxnews -- Oil prices were slightly lower Thursday as reports of a moderately improving U.S. economy, which suggests increased fuel consumption, were neutralized by growing crude supplies.

Benchmark oil for April delivery was down 12 cents to $90.31 a barrel at midday Bangkok time 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.

The death on Tuesday of President Hugo Chavez of Venezuela, which sits on the world's second-largest oil reserves, has had little immediate effect on the price of oil so far.

Chavez oversaw a decline in oil production during his 14 years as the leader of Venezuela. Traders are anxious to see if the new government invites foreign investment in Venezuela's oil industry and is


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Submitted Mar 07, 2013 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth Back to Topics
REPLIES (newest first) Post a Reply
sydb7
Champion Author Atlanta

Posts:6,030
Points:2,648,050
Joined:Mar 2003
Message Posted: Mar 9, 2013 3:35:44 AM

Who wants to buy overpriced gasoline?
jtravis711
Veteran Author Orange County

Posts:288
Points:512,000
Joined:Feb 2011
Message Posted: Mar 8, 2013 9:38:56 AM

Combine more US production, conversion to natural gas in large equipment and trucks, more refining capacity and more development in producing cheaper electricy and we could be on our way to energy independence.
rrs517
Champion Author Colorado

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Message Posted: Mar 8, 2013 6:59:21 AM

Moderate economic growth? Does this guy live under a rock?
tomok
Champion Author Portland

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Message Posted: Mar 8, 2013 1:26:36 AM

Oil prices down as US demonstrates ample supplies amid signs of moderate economic growth. But, fuel prices at the pump will not go down anytime soon with this crappy economy.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first before exporting and selling our fuel or oil!
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
jethro5000
Champion Author Kentucky

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Message Posted: Mar 8, 2013 12:36:22 AM

Good news
bcok
Champion Author Los Angeles

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Message Posted: Mar 8, 2013 12:22:25 AM

prices dropping but not fast enough.
lesndave
Champion Author Texas

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Message Posted: Mar 7, 2013 11:21:15 PM

Please tell me where the gas prices are down...!..!...!!
boatfloyd
Champion Author Jacksonville

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Message Posted: Mar 7, 2013 11:10:29 PM

Oil price rises as US economy seen strengthening
ClassicWheeler
Champion Author Montgomery

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Message Posted: Mar 7, 2013 11:09:31 PM

We still have higher prices than we are suppose to have. Way too high!
regout
Champion Author Quebec

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Message Posted: Mar 7, 2013 11:08:59 PM

For how long?
silverfox63
Champion Author Michigan

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Message Posted: Mar 7, 2013 11:08:29 PM

Old and stale news.
unicornpmb
Champion Author Buffalo

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Message Posted: Mar 7, 2013 11:08:16 PM

Only thing is my savings.
KrsnaDragon
Champion Author Montreal

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Message Posted: Mar 7, 2013 11:07:00 PM

I honestly don't know what to make of some of these news articles.
sawdust1825
Champion Author Illinois

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Message Posted: Mar 7, 2013 11:06:37 PM

I am surprised the pump price didn't jump after this news.
1fulltank
Champion Author Buffalo

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Message Posted: Mar 7, 2013 11:06:08 PM

Oil may be down, but gas is not.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Mar 7, 2013 11:05:20 PM

Down? I paid $3.12 per gallon in January. Two months later I am paying $3.72 per gallon. Prices are down? I am paying an average of 1 cent more per day.
Chadgas
Champion Author Missouri

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Message Posted: Mar 7, 2013 11:04:58 PM

If you say so.
jrschl
Champion Author Louisville

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Message Posted: Mar 7, 2013 11:04:04 PM

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

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Message Posted: Mar 7, 2013 11:02:08 PM

one article says down, the very next one up...
jtfftj
Champion Author New Hampshire

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Message Posted: Mar 7, 2013 11:01:21 PM

This is a joke from a Saturday Night Live skit, right????
sjhman
Veteran Author Atlanta

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Message Posted: Mar 7, 2013 11:00:49 PM

Here we go, let's keep 'em moving!
Vette1967
Champion Author Albany

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Message Posted: Mar 7, 2013 10:58:54 PM

Got to go down a lot more.
69Bonne
Champion Author Gary

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Message Posted: Mar 7, 2013 10:58:48 PM

Good, now let's get gas prices down significantly
prassu2012
Champion Author Illinois

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Message Posted: Mar 7, 2013 10:56:40 PM

not sure
SparkieMi
Champion Author Kalamazoo

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Message Posted: Mar 7, 2013 10:54:40 PM

Need to build more more refiners!!!
grt197
Champion Author Illinois

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Message Posted: Mar 7, 2013 10:54:12 PM

not sure
lasriog
Veteran Author Texas

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Message Posted: Mar 7, 2013 10:53:33 PM

One article says oil prices up the other says price is down
bvrbill
Champion Author Eugene

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Message Posted: Mar 7, 2013 10:48:27 PM

Prices still rising at the pump, here.
yonasb
Champion Author Houston

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Message Posted: Mar 7, 2013 10:47:56 PM

more refiners would solve it
skybiker
Champion Author South Carolina

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Message Posted: Mar 7, 2013 10:47:13 PM

No drop in prices here inSC...
clermont40miles
Champion Author Cincinnati

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Message Posted: Mar 7, 2013 10:46:20 PM

The speculator driven run up in prices has fizzled as reality intrudes.

Needs to drop another $10 per barrel, minimum.
OGW
Champion Author London

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Message Posted: Mar 7, 2013 10:46:01 PM

not for long, oil prices rose again today!
wayoung56
Champion Author Alabama

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Message Posted: Mar 7, 2013 10:45:49 PM

Good!!!
camel1
Champion Author Minnesota

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Message Posted: Mar 7, 2013 10:44:55 PM

good
KhelbenArunson
Champion Author Michigan

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Message Posted: Mar 7, 2013 10:39:46 PM

good.
Is246
Champion Author Albuquerque

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Message Posted: Mar 7, 2013 10:39:39 PM

Not here, prices still going up.
weenoo215
Champion Author Illinois

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Message Posted: Mar 7, 2013 10:36:50 PM

ok
F34RL3SSNIT3
Veteran Author Austin

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Message Posted: Mar 7, 2013 10:36:41 PM

okay
PrettyLittleLady
Champion Author Modesto

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Message Posted: Mar 7, 2013 10:36:05 PM

Hoo-Humm..
gasmack
Champion Author Ventura

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Message Posted: Mar 7, 2013 10:34:34 PM

OK.
mstearno
Champion Author Dayton

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Message Posted: Mar 7, 2013 10:33:32 PM

moderate growth?
Sounds like some people smoking Weed came up with this one
cwashi3324
Champion Author Cincinnati

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Message Posted: Mar 7, 2013 10:31:55 PM

Still high here.
Doomsday64
All-Star Author Austin

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Joined:Apr 2011
Message Posted: Mar 7, 2013 10:31:47 PM

here we go
JimL1
Champion Author Phoenix

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Joined:Jul 2003
Message Posted: Mar 7, 2013 10:30:15 PM

Another article posted here also today says: "Oil price rises as US economy seen strengthening." Which is correct, or are they both wrong together?
JagXKR
Champion Author British Columbia

Posts:6,449
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Message Posted: Mar 7, 2013 10:30:08 PM

Just shows that we should stop looking at oil futures and only look at gasoline futures as oil does not correlate to pump prices.
NorthglennBill
Champion Author Denver

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Message Posted: Mar 7, 2013 10:27:26 PM

Prices are still way to high.
Carol7777
Champion Author Houston

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Message Posted: Mar 7, 2013 10:22:30 PM

Hope it keeps decreasing our gas prices . . .
WIPACKERFAN
Champion Author Chicago

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Message Posted: Mar 7, 2013 10:22:11 PM

OK
bojiway1
Champion Author Minnesota

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Message Posted: Mar 7, 2013 10:14:49 PM

Ok
silvereb
Champion Author South Carolina

Posts:2,743
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Joined:May 2011
Message Posted: Mar 7, 2013 10:09:57 PM

Not a big enough move to bring our prices down.
Lakepirate13
Veteran Author New York

Posts:316
Points:47,250
Joined:Jan 2013
Message Posted: Mar 7, 2013 10:08:44 PM

Just a small dip in the road. I predict regular will break $5 this summer and $4 will be normal as it is now. Same program as last year see how much they will pay then back off and increase slowly.
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